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.
Pending
Price cut: $44K (8/20)
$585,000
3320 Magnums Way, Redding, CA 96003
--beds
--baths
--sqft
Multi Family
Built in 1986
-- sqft lot
$564,600 Zestimate®
$--/sqft
$-- HOA
What's special
Ample paved parkingFunctional layoutDetached one-car garageDetached garagesLow-maintenance groundsAdditional off-street parking spaceIndoor laundry
- 123 days
- 58
- 0
Zillow last checked:
Listing updated:
Listed by:
Nick Kerley 530-242-4114,
Realty 110, Inc.,
Kimberly A Moore 530-355-2538,
Realty 110, Inc.
Source: SMLS,MLS#: 26-2817
Facts & features
Interior
Heating
- Forced Air
Cooling
- Has cooling: Yes
Features
- Has basement: No
Property
Parking
- Parking features: Assigned, Off Street, On Street
- Has uncovered spaces: Yes
Features
- Stories: 1
Details
- Parcel number: 114070021000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco
Condition
- Year built: 1986
Community & HOA
HOA
- Has HOA: No
Location
- Region: Redding
Financial & listing details
- Tax assessed value: $632,675
- Date on market: 8/20/2026
- Listing terms: Cash
Estimated market value
$564,600
$536,000 - $593,000
$1,636/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/10/2026 | Pending sale | $585,000 |
Source: | ||
| 8/20/2026 | Price change | $585,000-7% |
Source: | ||
| 8/5/2026 | Pending sale | $629,000 |
Source: | ||
| 6/30/2026 | Listed for sale | $629,000 |
Source: | ||
| 6/29/2026 | Contingent | $629,000 |
Source: | ||
| 6/11/2026 | Listed for sale | $629,000-12.8% |
Source: | ||
| 12/12/2025 | Listing removed | $721,000 |
Source: | ||
| 7/28/2025 | Listed for sale | $721,000+62% |
Source: | ||
| 1/7/2005 | Sold | $445,000+81.6% |
Source: Public Record Report a problem | ||
| 8/1/2002 | Sold | $245,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $632,675 +2% |
| 2025 | $7,042 +5.3% | $620,270 +2% |
| 2024 | $6,687 +1.9% | $608,109 +2% |
| 2023 | $6,562 +2.7% | $596,186 +2% |
| 2022 | $6,387 +1.3% | $584,497 +2% |
| 2021 | $6,304 +6.4% | $573,037 +7.1% |
| 2020 | $5,927 +4% | $535,000 +2.9% |
| 2019 | $5,696 +13% | $520,000 +15.6% |
| 2018 | $5,039 +3.1% | $450,000 +3.4% |
| 2017 | $4,887 +3.7% | $435,000 +1.2% |
| 2016 | $4,713 +39.5% | $430,000 +39.6% |
| 2015 | $3,377 | $308,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 96003
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