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3320 Magnums Way
Redding, CA 96003
Multifamily Property For Sale
·
4 Units
Executive Summary
Rare 3-Bedroom Fourplex Investment Opportunity off Lake Boulevard A truly unique multi-family investment opportunity, this well maintained 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 been consistently cared for and maintained, creating an attractive opportunity for an investor seeking a stable asset with 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.
One of the most compelling aspects of this property is the tremendous rental upside with little to no major capital improvement needed. With the existing condition, desirable unit mix, garage parking, and strong rental fundamentals, a new owner has the opportunity to increase income over time while benefiting from a hard-to-replace asset in a convenient Redding location. 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 clean, well-located fourplex with both current stability and future income growth. Opportunities like this are rarely available. With its uncommon unit mix, long-term maintenance history, and clear upside in future rents, this property stands out as a strong multi-family investment in the North State market.
One of the most compelling aspects of this property is the tremendous rental upside with little to no major capital improvement needed. With the existing condition, desirable unit mix, garage parking, and strong rental fundamentals, a new owner has the opportunity to increase income over time while benefiting from a hard-to-replace asset in a convenient Redding location. 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 clean, well-located fourplex with both current stability and future income growth. Opportunities like this are rarely available. With its uncommon unit mix, long-term maintenance history, and clear upside in future rents, this property stands out as a strong multi-family investment in the North State market.
Property Facts
| Price Per Unit | $157,250 | Lot Size | 0.29 AC |
| Sale Type | Investment | Building Size | 4,888 SF |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1986 |
| Property Subtype | Apartment | Parking Ratio | 0.82/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | RM - Multiple-Family Residential | ||
| Price Per Unit | $157,250 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 4,888 SF |
| No. Stories | 2 |
| Year Built | 1986 |
| Parking Ratio | 0.82/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM - Multiple-Family Residential |
Amenities
Unit Amenities
- Air Conditioning
Site Amenities
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 4 | $1,031 | 1,200 |
Property Taxes
| Parcel Number | 114-070-021-000 | Improvements Assessment | $508,768 |
| Land Assessment | $111,502 | Total Assessment | $620,270 |
Property Taxes
Parcel Number
114-070-021-000
Land Assessment
$111,502
Improvements Assessment
$508,768
Total Assessment
$620,270
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