1129 Magnolia Ave, Redding, CA, 96001
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 West Redding area just minutes from vibrant downtown, offering unmatched convenience to top-rated restaurants, popular shopping destinations, reputable schools, 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 location.
Getting Around
Very Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1925
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Property
Details
- Parcel number: 105280009000
Features
- Stories: 2
Lot
- Lot size: 5,227 sqft
- Lot size dimensions: 5,227
Parking
- Parking features: Off Street,On Street
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
- Inland Flooding
- Lightning
- Wildfire
How This Home’s Risks Compare
FEMA Declared Disasters in Shasta County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,149 | $25,788 |
| Home Insurance * | $225 | $2,700 |
| Property Taxes | $369 | $4,428 |
| Electricity | $398 | $4,786 |
| Total | $3,141 | $37,692 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-26 | Listed for sale | $425,000 |
| 2025-06-01 | Listing removed | $395,000 |
| 2025-03-19 | Price change | $395,000 |
| 2025-03-05 | Listed for sale | $419,000 |
| 2025-02-18 | Pending sale | $419,000 |
| 2024-11-17 | Listed for sale | $419,000 |
| 2024-08-09 | Listing removed | -- |
| 2024-06-06 | Price change | $425,000 |
| 2024-05-09 | Listed for sale | $439,000 |
| 2024-03-28 | Listing removed | -- |
| 2024-03-07 | Listed for sale | $445,988 |
| 2024-03-03 | Listing removed | $445,988 |
| 2024-02-14 | Price change | $445,988 |
| 2024-01-28 | Listed for sale | $445,888 |
| 2023-12-14 | Listing removed | -- |
| 2023-10-26 | Listed for sale | $468,000 |
| 2023-10-12 | Listing removed | -- |
| 2023-09-25 | Listed for sale | $468,000 |
| 2023-09-13 | Listing removed | -- |
| 2023-08-05 | Listed for sale | $479,000 |
| 2021-06-11 | Sold | $329,000 |
| 2021-05-17 | Listed for sale | $299,500 |
| 2019-11-01 | Listing removed | $204,900 |
| 2019-04-01 | Listed for sale | $204,900 |
| 2014-03-24 | Sold | $110,250 |
| 2013-12-16 | Sold | $156,504 |
| 2005-08-25 | Sold | $260,000 |
| 2004-07-22 | Sold | $184,500 |
| 1999-03-26 | Sold | $91,500 |
For Sale by Agent
View on Zillow