$925,000
SOLD JUN 29, 2023
-- Bed
-- Bath
-- Sq Ft
1936 Built

Recently Sold

12% Below List Price

117 Days on Market

About This Home

As of June 2023

Now's your chance to own a unique multi-family property in the heart of downtown Redding. Located on the corner of Placer and Magnolia, this property includes 4 turn-key apartments with covered parking, and a charming 3 bed / 1 bath house. Live in the house and rent out the apartments, or rent everything out for maximum cashflow. Fully updated inside and out, including new windows and beautiful modern finishes. Take advantage of this well-performing, fully occupied property which yields $94,000+ per year. Available now at an attractive 6.2% cap rate.

Last Agent to Sell the Property

Todd Stromback

Venture Properties Listed on: 04/10/2023

Last Buyer's Agent

Kelly Campbell

Waterman Real Estate License #1393701

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1936

Home Design

  • Stucco

Parking

  • Carport
  • Off-Street Parking

Utilities

  • Evaporated cooling system

Community Details

  • 5 Units

Listing and Financial Details

  • Assessor Parcel Number 105-340-009-000

Property Details

Home Type

Multi-Family

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Directions: Corner of Placer and Magnolia.
  • Prop. Type: Residential Income
  • Year Built: 1936
  • Building Stories: 1
  • Ownership: Seller
  • Subdivision Name: N/A
  • Carport Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Exterior Features

  • Construction Type: Stucco, Other

Garage/Parking

  • Parking Features: Off Street, On Street
  • ParkingOffStreet: Yes
  • Parking:On Street: Yes
  • Parking:Carport: Yes

Utilities

  • Cooling: Evaporative Cooling
  • Cooling Y N: Yes

Lot Info

  • Parcel #: 105-340-009-000
  • Lot Dimensions: 9,148
  • Zoning Description: NOT AVAILABLE

Multi Family

  • Number Of Units Total: 5

Range of Values:

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ICE

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2025 07/01/25 Price Changed $799,000 -1.1% --
06/13/2025 06/13/25 Price Changed $808,000 -1.0% --
06/05/2025 06/05/25 Price Changed $816,000 -1.0% --
05/29/2025 05/29/25 Price Changed $824,000 -1.0% --
05/22/2025 05/22/25 Price Changed $832,000 -1.0% --
05/15/2025 05/15/25 Price Changed $840,000 -0.9% --
05/07/2025 05/07/25 Price Changed $848,000 -0.9% --
04/28/2025 04/28/25 Price Changed $856,000 -0.9% --
04/17/2025 04/17/25 Price Changed $864,000 -0.9% --
04/11/2025 04/11/25 Price Changed $872,000 -0.9% --
04/04/2025 04/04/25 For Sale $880,000 -4.9% --
06/29/2023 06/29/23 Sold $925,000 -2.6% --
06/01/2023 06/01/23 Pending -- -- --
05/03/2023 05/03/23 Price Changed $950,000 -9.5% --
04/10/2023 04/10/23 For Sale $1,050,000 0.0% --
02/16/2023 02/16/23 Pending -- -- --
02/04/2023 02/04/23 For Sale $1,050,000 +200.0% --
04/14/2020 04/14/20 Sold $350,000 -5.1% --
04/04/2020 04/04/20 Pending -- -- --
03/28/2020 03/28/20 For Sale $369,000 +35.9% --
02/04/2020 02/04/20 Sold $271,500 -15.2% --
01/08/2020 01/08/20 Pending -- -- --
01/08/2020 01/08/20 For Sale $320,000 -5.9% --
10/19/2015 10/19/15 Sold $340,000 -12.6% --
09/29/2015 09/29/15 Pending -- -- --
04/27/2015 04/27/15 For Sale $389,000 -- --
Source: Shasta Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Shasta Association of REALTORS®

MLS Number: 23-401

Shasta Association of REALTORS®