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.
Bought with Kimberly Moore•DRE #02059831• Realty 110, Inc.
Bought with Broker/Owner Kerley•DRE #01332465• Realty 110, Inc.
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.
Property details
Parking
Parking/Garage Information
Parking Features: Assigned, Off Street, On Street
Interior
Heating & Cooling
Has Cooling
Has Heating
Heating: Forced Air
Exterior
Building Information
Construction Materials: Stucco
Property Information
Property Type: Residential Income
Location
Location Information
Directions: Head West on Lake Blvd, Turn Right onto Magnums Way, Property is the Third on your Left
Subdivision Name: N/A
Cross Street: Lake BLVD
Public facts
Beds: 3
Baths: 2.0
Sq. Ft.: 4,888
Stories: 2.0
Lot Size: 0.29 acres
Style: Other
Year Built: 1986
Year Renovated: —
County: Shasta County
APN: 114070021000
Home facts updated by county records on Oct 9, 2026
Other
Listing Information
List AOR: Shasta Association of REALTORS®
Around this home
Schools
Buckeye School of the Arts
Public K-8 • Assigned • 0.4mi
5/10
Central Valley High School
Public 9-12 • Assigned • 3.9mi
9/10
Provided by GreatSchools
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)
62
42
60
42
70
46
72
49
82
57
93
65
97
66
98
67
88
63
73
52
62
45
57
42
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
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
Estimated sale price
$589,000 – $713,000
Sell confidently with a local market expert in Redding.