$585,000
Redding, CA 96003
MLS# 26-2817
Status: Pending
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Property Description
Rare 3-Bedroom Fourplex FIXER-UPPER Opportunity off Lake Boulevard A truly unique multi-family investment opportunity, fourplex offers a unit mix that is extremely difficult to find in today's market. Located off Lake Boulevard, the property consists of four spacious 3-bedroom, 2-bathroom units, each featuring indoor laundry, central heating and air, a detached one-car garage, and an additional off-street parking space. Owned by the same owner for decades, the property has meaningful long-term upside. The rare 3-bedroom layout provides strong tenant appeal, broader renter demand, and the potential to command premium rents compared to the more common 1- and 2-bedroom apartment inventory in the area. The property features ample paved parking, detached garages, low-maintenance grounds, and a functional layout that supports long-term tenant retention. This is an excellent fit for investors looking for a well-located fourplex with both current stability and future income growth.
Details
Maps
Documents
Property Description
List Price: 585000
Parcel Number: 114-070-021-000
GP Zone: NOT AVAILABLE
Zoning: NOT AVAILABLE
Year Built Desc: 30+
Stories: 1
HOA/Association YN: No
Current Price: $585,000
Area: 01 - NW Redding
Subdivision: N/A
Year Built: 1986
Address Information
Street Suffix: Way
Cross Street: Lake BLVD
Street Number: 3320
Street Name: Magnums
State/Province: CA
Postal Code: 96003
County: Shasta
Remarks
Public Remarks: Rare 3-Bedroom Fourplex FIXER-UPPER Opportunity off Lake Boulevard
A truly unique multi-family investment opportunity, fourplex offers a unit mix that is extremely difficult to find in today's market. Located off Lake Boulevard, the property consists of four spacious 3-bedroom, 2-bathroom units, each featuring indoor laundry, central heating and air, a detached one-car garage, and an additional off-street parking space.
Owned by the same owner for decades, the property has meaningful long-term upside. The rare 3-bedroom layout provides strong tenant appeal, broader renter demand, and the potential to command premium rents compared to the more common 1- and 2-bedroom apartment inventory in the area.
The property features ample paved parking, detached garages, low-maintenance grounds, and a functional layout that supports long-term tenant retention. This is an excellent fit for investors looking for a well-located fourplex with both current stability and future income growth.
Directions: Head West on Lake Blvd, Turn Right onto Magnums Way, Property is the Third on your Left
Contract Information
Listing Contract Date: 2026-06-04
Status: Pending
List Date: 2026-06-11
Under Contract Date: 2026-09-09
How to Show
SH Sntrilck Bluetooth: No
LBX Notice in Doc's: No
Unit Type
Four Plex: 1
Exterior
Stucco: 1
Parking
Assigned: 1
Off Street: 1
On Street: 1
# Attached Garage: 0
# Detached Garage: 4
# Attached Carport: 0
# Detached Carport: 0
Unit Description
3 + Bedroom: 1
Miscellaneous
Smoke Detectors: 1
Kitchen
Range/Oven: 1
All Units Include
Air Conditioner: 1
Cable: 1
Storage: 1
Washer/Dryer Hookups: 1
Heating
Forced Air: 1
Cooling
Central: 1
Available Terms
All Cash to Seller: 1
Cash to New Loan: 1
Possession
Close of Escrow: 1
Photo
Agent Upload: 1
Tenant Expenses
Electric: 1
Gas: 1
Existing Rntl Terms
Month to Month: 1
Unit 1
Unit #: 1
# Bedrooms: 3
# Baths: 2
Rent: 1031
SqFt: 1200
Unit 2
Unit #: 2
# Bedrooms: 3
# Baths: 2
Rent: 1031
SqFt: 1200
Unit 3
Unit #: 3
# Bedrooms: 3
# Baths: 2
Rent: 1031
SqFt: 1200
Unit 4
Unit #: 4
# Bedrooms: 3
# Baths: 2
Rent: 1031
SqFt: 1200
Property Features
Unit Type: Four Plex
Exterior: Stucco
Parking: Assigned; Off Street; On Street
Unit Description: 3 + Bedroom
Kitchen: Range/Oven
All Units Include: Air Conditioner; Cable; Storage; Washer/Dryer Hookups
Heating: Forced Air
Cooling: Central
Miscellaneous: Smoke Detectors
Tenant Expenses: Electric; Gas
Existing Rntl Terms: Month to Month
Available Terms: All Cash to Seller; Cash to New Loan
Possession: Close of Escrow
Photo: Agent Upload
Income & Expenses IDX
Listing Office: Realty 110, Inc.
Co Office Name: Realty 110, Inc.
Co Listing Agent: Kimberly Moore
Last Updated: September - 10 - 2026
Information deemed reliable but not guaranteed.
