$425,000
Redding, CA 96001
MLS# 26-1298
1 / 45
Property Description
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.
Details
Maps
Documents
Address Information
Street Suffix: Avenue
Cross Street: Eureka Way
Street Number: 1129
Street Name: Magnolia
State/Province: CA
Postal Code: 96001
County: Shasta
Property Description
Property Sub Type: Residential Income
List Price: 425000
Parcel Number: 105-280-009-000
Lot Dim or Acres: 5,227
GP Zone: NOT AVAILABLE
Zoning: NOT AVAILABLE
Year Built Desc: 30+
Stories: 2
Current Price: $425,000
Area: 04 - SW Redding
Subdivision: N/A
Year Built: 1925
Remarks
Public Remarks: 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.
Directions: Eureka way, left on Magnolia
Contract Information
Listing Contract Date: 2026-03-26
Status: Active
List Date: 2026-03-26
How to Show
SH Sntrilck Bluetooth: No
LBX Notice in Doc's: No
Unit Type
Triplex: 1
Parking
# Spaces Garage: 0
# Spaces Carport: 0
Off Street: 1
On Street: 1
Unit Description
1 Bedroom: 1
2 Bedroom: 1
3 + Bedroom: 1
Miscellaneous
Smoke Detectors: 1
All Units Include
Air Conditioner: 1
Some Units Include
Drapes: 1
Refrigerator: 1
Washer/Dryer Hookups: 1
Ownership
Seller: 1
Heating
Electric: 1
Available Terms
All Cash to Seller: 1
Cash to New Loan: 1
Possession
Close of Escrow: 1
Photo
Agent Upload: 1
Unit 1
Unit #: 1
# Bedrooms: 2
# Baths: 1
Rent: 1345
Deposit: 1295
Stories: 1
Unit 2
Unit #: 2
# Bedrooms: 1
# Baths: 1
Rent: 1170
Deposit: 900
Stories: 1
Unit 3
Unit #: 3
# Bedrooms: 3
# Baths: 1
Rent: 1295
Deposit: 500
Stories: 1
Property Features
Unit Type: Triplex
Parking: Off Street; On Street
Unit Description: 1 Bedroom; 2 Bedroom; 3 + Bedroom
All Units Include: Air Conditioner
Some Units Include: Drapes; Refrigerator; Washer/Dryer Hookups
Heating: Electric
Miscellaneous: Smoke Detectors
Ownership: Seller
Available Terms: All Cash to Seller; Cash to New Loan
Possession: Close of Escrow
Photo: Agent Upload
SWSLB IDX
Listing Office: Coldwell Banker Select Real Estate - Redding
Last Updated: April - 22 - 2026
Information deemed reliable but not guaranteed.
