1129 Magnolia Ave Redding, CA 96001
Magnolia NeighborhoodEstimated payment $2,657/month
About This Home
Welcome to an exceptional investment opportunity that checks every box: prime location, strong performance, and outstanding long-term potential. This charming, fully rented triplex is ideally situated in a highly desirable Magnolia district, just a short walk from award-winning schools, including University Preparatory and Shasta High schools, and vibrant downtown, offering unmatched convenience to top-rated restaurants, popular shopping destinations, major hospitals and medical offices.
Designed to attract and retain quality tenants, the property benefits from a strong cash flow, consistently low vacancy rates, and an impressive cap rate exceeding 8%, making it a true standout in today's market. Each unit is well-maintained, providing immediate income and peace of mind for investors seeking a turnkey asset.
Whether you're expanding your portfolio or securing your first multi-family investment, this property offers the perfect blend of location, performance, and future appreciation potential. Opportunities like this are rare--don't miss your chance to own a high-performing asset in a prime highly desirable location.
Listing Agent
Coldwell Banker Select Real Estate - Redding License #01898948 Listed on: 03/26/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1925
Parking
- On-Street Parking
- Off-Street Parking
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 105-280-009-000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $3,749 | $363,239 | $66,243 | $296,996 |
| 2025 | $3,696 | $356,118 | $64,945 | $291,173 |
| 2024 | $3,641 | $349,136 | $63,672 | $285,464 |
| 2023 | $3,641 | $342,291 | $62,424 | $279,867 |
| 2022 | $3,580 | $335,580 | $61,200 | $274,380 |
| 2021 | $1,384 | $124,851 | $90,596 | $34,255 |
| 2020 | $1,402 | $123,572 | $89,668 | $33,904 |
| 2019 | $1,332 | $121,150 | $87,910 | $33,240 |
| 2018 | $1,343 | $118,776 | $86,187 | $32,589 |
| 2017 | $1,336 | $116,448 | $84,498 | $31,950 |
| 2016 | $1,294 | $114,166 | $82,842 | $31,324 |
| 2015 | $1,278 | $112,452 | $81,598 | $30,854 |
| 2014 | $1,267 | $110,000 | $70,000 | $40,000 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/26/2026 03/26/26 | For Sale | $425,000 | +29.2% | -- | |
| 06/11/2021 06/11/21 | Sold | $329,000 | +9.8% | $231 / Sq Ft | View Prior Sale |
| 05/28/2021 05/28/21 | Pending | -- | -- | -- | |
| 05/17/2021 05/17/21 | For Sale | $299,500 | +171.7% | $210 / Sq Ft | |
| 03/24/2014 03/24/14 | Sold | $110,250 | -24.0% | $77 / Sq Ft | View Prior Sale |
| 03/07/2014 03/07/14 | Pending | -- | -- | -- | |
| 02/28/2014 02/28/14 | For Sale | $145,000 | -- | $102 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $329,000 | Fidelity National Title | |
| Trustee Deed | $156,504 | None Available | |
| Quit Claim Deed | $110,500 | First American Title Co | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Alliance Title Company | |
| Grant Deed | $260,000 | Chicago Title Co | |
| Interfamily Deed Transfer | -- | Fidelity Natl Title Co Of Ca | |
| Grant Deed | $184,500 | Fidelity Natl Title Co Of Ca | |
| Grant Deed | $91,500 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $199,500 | New Conventional | |
| Closed | $263,200 | Commercial | |
| Previous Owner | $195,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $168,750 | Unknown | |
| Previous Owner | $165,857 | Purchase Money Mortgage | |
| Previous Owner | $57,884 | Purchase Money Mortgage |
Source: Shasta Association of REALTORS®
MLS Number: 26-1298
APN: 105-280-09
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