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.
Multi-familyProperty Type
1986Year Built
Listed by Broker/Owner Kerley•DRE #01332465• Realty 110, Inc.
Listed by Kimberly Moore•DRE #02059831• Realty 110, Inc.
Buckeye, located between Downtown Redding and the Sacramento River, is a residential and river-adjacent Redding neighborhood with a low-slung ranch-home streetscape and a strong outdoors rhythm. The neighborhood’s character concentrates around the Park Marina Drive and North Market Street corridor, where marinas, local outfitters, and casual riverfront stops set the pace. Mid-century houses and newer infill sit on leafy blocks that angle toward the water and trailheads. The Sacramento River Trail frames daily routines with long, shaded stretches for walking and cycling. Turtle Bay Exploration Park and the Sundial Bridge function as the area’s cultural compass. River views and quick links to parks keep the atmosphere grounded and active.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Forced air heating
Central cooling
Heating & cooling
Forced air heating
Has central cooling
Exterior features
Directions: Head West on Lake Blvd, turn right onto Magnums Way; property is the third on the left
Cross street: Lake Blvd
Home design
Residential income property
Parking
Assigned parking
Off-street parking
On-street parking
Construction
Stucco construction
Electricity and solar
View estimated energy costs and solar savings for this home
Provide areas for medium - to high-density multiple-family projects and other uses that are compatible with multiple-family development. Encourage housing that is located near downtown and has adequate access to public transportation and arterial streets.
Permitted uses
Include but are not limited to:
Day care facility
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Other
Infrastructure
Apr 1, 2024 • Final
Residential mechanical
Replace a rooftop heating and air conditioning unit.
HVAC
May 30, 2023 • Final
Residential mechanical
Remove and replace a rooftop package heating and air conditioning unit.
HVAC
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
5/10 Fire Factor
6% chance of being in a wildfire in next 30 years
8/10 Heat Factor
7 days above 106° expected this year, 17 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
10/10 Air Factor
37 unhealthy days expected this year, 40 days in 30 years
Provided by First Street
Historical weather
Redding, CA • 96003
Average low and high temperatures (°F)
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90
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77
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62
45
57
42
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Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Redfin Estimate for 3320 Magnums Way
$558,720
$26K under list price of $585K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $395K to $660K.