1129 Magnolia Avenue

Redding, CA 96001

$425,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Property has been upgraded and updated. Seller is ready to negotiate and is offering an additional $4,000 BUYER CREDIT towards any further improvements. The property consist of 3 income streams from 3 separate units providing a Savvy Investor with nearly an 8.5% CAP RATE! Upgrades & improvements include 7 new dual pane windows, Exterior siding repaired/replaced and painted. All new insulation in attic, Roof weatherproofing, New Gutter, New facial boards, flashing, new trims around windows. New concrete...Property has been upgraded and updated. Seller is ready to negotiate and is offering an additional $4,000 BUYER CREDIT towards any further improvements. The property consist of 3 income streams from 3 separate units providing a Savvy Investor with nearly an 8.5% CAP RATE! Upgrades & improvements include 7 new dual pane windows, Exterior siding repaired/replaced and painted. All new insulation in attic, Roof weatherproofing, New Gutter, New facial boards, flashing, new trims around windows. New concrete patio with drainage, Electrical work, new cables, switches, New Mini-Split AC, outlets and fixtures. Gross Annual Income Exceeds $46,000! Units are 100% Occupied. Walk Into Instant Cash Flow.
  1. Listed by Nick Kerley • DRE #01332465 • Realty 110, Inc.
    P: 530-242-4114 listings@realty110.com
  2. Listed by Kimberly Moore • DRE #02059831 • Realty 110, Inc.
    P: 530-355-2538 C: 530-355-2538 kimberly@realty110.com

Property Details for 1129 Magnolia Avenue

Subdivision Name
N/A

Location

Listing Courtesy of Realty 110, Inc., Nick Kerley, DRE #01332465; Realty 110, Inc., Kimberly Moore, DRE #02059831
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LISTING UPDATED: 06/06/2024 08:40 AM

Property Details for 1129 Magnolia Avenue

StatusActive
MLS #24-914
Days on Compass99
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Residential Income
Year Built1925
Lot Size0.00 AC / 0 SF
CountyShasta County

Location

Listing Courtesy of Realty 110, Inc., Nick Kerley, DRE #01332465; Realty 110, Inc., Kimberly Moore, DRE #02059831
Add your commute

Building Information for 1129 Magnolia Avenue

Stories2Residences-Year Built1925Building Size-Lot Size0.00 AC / 0 SF

Payment Calculator

$2,622 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,319

Property Taxes

$303

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1129 Magnolia Avenue

Summary
Location and General Information
  • Cross Street: Eureka Way
  • M L SArea Major: 04 - SW Redding
  • Remarks : Directions: Eureka Way to Magnolia.
  • Address Info : City: Redding
  • State Or Province: CA
  • Postal Code: 96001
  • County Or Parish: Shasta
  • Latitude: 40.586109
  • Longitude: -122.402902
  • Property Description : Zoning: NOT AVAILABLE
  • Address Information : Cross Street2: Eureka Way
Parking
  • Parking : Off Street: Yes
  • Parking Features: Off Street, On Street
Taxes and HOA Information
  • Association Fee: $.00
  • Parcel Number: 105-280-009-000
Property
Lot Information
  • Listing Agreement: Exclusive Right to Sell
  • Lot Size Acres: 0.0
  • Lot Size Area: 0.0
  • Lot Size Dimensions: 5,227
  • Lot Size Square Feet: 0.0
  • Property Description : Lot Dim or Acres: 5,227
Property and Assessments
  • Approval Status: Yes
  • Property Description : Type: Residential Income
  • Property Description : Year Built Desc: 30+
Interior and Exterior Features
Interior Features
  • Stories: 2
  • Total Bathrooms Source: MLS
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
  • Property Description : Stories2: 2
Multi Family
Multi Family Information
  • Number Of Units Total: 0
  • Unit Description : 1 Bedroom: Yes
  • Unit Description : 2 Bedroom: Yes
  • Unit Description : 3 Bedroom: Yes
  • Unit Type : Triplex: Yes
Unit Information
  • Unit 1 : # Baths6: 1
  • Unit 1 : # Bedrooms: 2.0
  • Unit 1 : Lease5: 08/31/24
  • Unit 1 : Rent: $1,295.00
  • Unit 2 : # Baths5: 1
  • Unit 2 : # Bedrooms2: 1.0
  • Unit 2 : Lease6: 06/30/24
  • Unit 2 : Rent2: $1,095.00
  • Unit 3 : # Baths4: 1
  • Unit 3 : # Bedrooms3: 3.0
  • Unit 3 : Lease7: 08/31/24
  • Unit 3 : Rent3: $1,495.00
Rental
Rental Information
  • Unit 1 : Deposit7: $950
  • Unit 2 : Deposit6: $1,095
  • Unit 3 : Deposit5: $950

Property History for 1129 Magnolia Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1129 Magnolia Avenue

Taxable ValueLand$62,424Additions$279,867Total$342,291
Tax Record2023$3,641 ($303 / month)
Home Facts
Baths2Total Finished SqFt1,834 SqFtAbove Grade Finished SqFt1,834 SqFtStories2Lot Size5,227 SqFtStyleDuplexYear Built1925CountySHASTAAPN105-280-009-000

Schools near 1129 Magnolia Avenue

This home is within Redding Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 4 to 8
Public - 9 to 12
Public - 10 to 11
Rating
School
Distance
Cypress Elementary School
PublicK to 5

Sequoia Middle School
Public4 to 8

Shasta High School
Public9 to 12

Foothill Plus School
Public10 to 11

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1129 Magnolia Avenue is a multi-family home for sale in Redding, CA 96001. This property was listed for sale on March 7, 2024 by Realty 110, Inc., it's currently listed at $425,000. It has been on the market for a total of 99 days and was last sold on June 11, 2021. This listing's school districts are Redding Elementary School District, Shasta Union High School District. Nearby schools include Cypress Elementary School, Sequoia Middle School and Shasta High School. 1129 Magnolia Avenue is a 0-bed, 0-bath, multi-family home built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty 110, Inc., Nick Kerley, DRE #01332465; Realty 110, Inc., Kimberly Moore, DRE #02059831

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.