3320 Magnums Way
Description
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...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.
- Listed by Nick Kerley • DRE #01332465 • Brokerage DRE #02090852 • Realty 110, Inc.C: (530)-242-4114 listings@realty110.com
- Listed by Kimberly A Moore • DRE #02059831 • Brokerage DRE #02090852 • Realty 110, Inc.P: (530)-242-4114 C: (530)-355-2538 kimberly@realty110.com
Property Details for 3320 Magnums Way
Property Details for 3320 Magnums Way
| Status | Active |
|---|---|
| MLS # | 26-2817 |
| Days on Compass | 7 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Property Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1986 |
| Lot Size | - |
| County | Shasta County |
Location
Building Information for 3320 Magnums Way
Payment Calculator
$3,721 per month
30 year fixed, 6.36% Interest
$3,134
$587
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1Property Information for 3320 Magnums Way
- Cross Street: Lake BLVD
- M L SArea Major: 01 - NW Redding
- Remarks : Directions: Head West on Lake Blvd, Turn Right onto Magnums Way, Property is the Third on your Left
- Address Info : City: Redding
- State Or Province: CA
- Postal Code: 96003
- County Or Parish: Shasta
- Latitude: 40.624583
- Longitude: -122.404154
- Property Description : Zoning: NOT AVAILABLE
- Address Information : Cross Street2: Lake BLVD
- Parking : Garage: Yes
- Parking : # Spaces Carport: 0
- Parking : # Spaces Garage: 4
- Parking : Off Street: Yes
- Parking Features: Assigned, Off Street, On Street
- Garage: Yes
- Parking : Assigned: Yes
- Association Fee: $.00
- Parcel Number: 114-070-021-000
- Approval Status: Yes
- Property Description : Year Built Desc: 30+
- All Units Include : Cable3: Yes
- Exterior : Stucco: Yes
- Cooling : Central2: Yes
- Construction Materials: Stucco
- Miscellaneous : Smoke Detectors: Yes
- Cooling: Central
- Stories: 1
- Total Bathrooms Source: MLS
- Bathrooms Total Integer: 0
- Bathrooms Total Decimal: 0.0
- Bathrooms Total Notational: 0.0
- Cooling: Yes
- Property Description : Stories2: 1
- All Units Include : Washer Dryer Hookups: Yes
- Heating : Forced Air: Yes
- Number Of Units Total: 0
- Unit Description : 3 Bedroom: Yes
- Unit Type : Four Plex: Yes
- Unit 1 : # Baths6: 2
- Unit 1 : # Bedrooms: 3.0
- Unit 1 : Rent: $1,031.00
- Unit 1 : Sq Ft: 1200.0
- Unit 1 : Sq Ft: 1200.0
- Unit 2 : # Baths5: 2
- Unit 2 : # Bedrooms2: 3.0
- Unit 2 : Rent2: $1,031.00
- Unit 2 : Sq Ft2: 1200.0
- Unit 3 : # Baths4: 2
- Unit 3 : # Bedrooms3: 3.0
- Unit 3 : Rent3: $1,031.00
- Unit 3 : Sq Ft3: 1200.0
- Unit 4 : # Baths3: 2
- Unit 4 : # Bedrooms4: 3.0
- Unit 4 : Rent4: $1,031.00
- Unit 4 : Sq Ft4: 1200.0
- Tenant Expenses : Electric8: Yes
- Tenant Expenses : Gas5: Yes
- Existing Rntl Terms : Month to Month: Yes
Property History for 3320 Magnums Way
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Jun 11, 2026 | Listed (Active) Shasta Association of REALTORS #26-2817 | $629,000 | — |
| Jul 28, 2025 | Temporarily Off Market Shasta Association of REALTORS #25-3456 | $721,000 | — |
| Jul 28, 2025 | Listed (Active) Shasta Association of REALTORS #25-3456 | $721,000 | — |
| Dec 30, 2004 | Sold (Public Record) Public Record #149647894 | $445,000 | +28.0% / yr |
| Aug 1, 2002 | Sold (Public Record) Public Record #97748901 | $245,000 | — |
| Aug 1, 2002 | Sold Shasta Association of REALTORS #02-96981 | $245,000 | — |
| Jun 20, 2002 | Pending Shasta Association of REALTORS #02-96981 | — | |
| Jun 19, 2002 | Listed (Active) Shasta Association of REALTORS #02-96981 | $240,000 | — |
| Dec 30, 1998 | Expired Shasta Association of REALTORS #97-56580 | $235,000 | — |
| Dec 25, 1997 | Listed (Active) Shasta Association of REALTORS #97-56580 | $235,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 06/11/2026 | Listed (Active) Shasta Association of REALTORS #26-2817 | $629,000 |
| 07/28/2025 | Temporarily Off Market Shasta Association of REALTORS #25-3456 | $721,000 |
| 07/28/2025 | Listed (Active) Shasta Association of REALTORS #25-3456 | $721,000 |
| 12/30/2004 | Sold (Public Record) Public Record #149647894 | $445,000 +28.0% / yr |
| 08/01/2002 | Sold (Public Record) Public Record #97748901 | $245,000 |
| 08/01/2002 | Sold Shasta Association of REALTORS #02-96981 | $245,000 |
| 06/20/2002 | Pending Shasta Association of REALTORS #02-96981 | — |
| 06/19/2002 | Listed (Active) Shasta Association of REALTORS #02-96981 | $240,000 |
| 12/30/1998 | Expired Shasta Association of REALTORS #97-56580 | $235,000 |
| 12/25/1997 | Listed (Active) Shasta Association of REALTORS #97-56580 | $235,000 |
For completeness, we often displays two records for one sale: the MLS record and the public record.
Public Records for 3320 Magnums Way
Schools near 3320 Magnums Way
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 7 to 12 | |||
| Public - | 10 to 12 | |||
| Public - | K to 8 |
Rating | School | Distance |
|---|---|---|
Grand Oaks Elementary School PublicK to 5 | ||
Gateway Community Day School Public7 to 12 | ||
Mountain Lakes High School Public10 to 12 | ||
Shasta Lake PublicK to 8 |
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.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Realty 110, Inc., Nick Kerley, DRE #01332465; Realty 110, Inc., Kimberly A 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.
