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Image 1 - 1129 Magnolia Ave, Redding, California, 96001 - House for sale
Image 2 - 1129 Magnolia Ave, Redding, California, 96001 - House for sale
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Image 4 - 1129 Magnolia Ave, Redding, California, 96001 - House for sale
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Home For Sale In Redding, California
1129 Magnolia Ave, Redding, California, 96001

Home For Sale In Redding, California

house for sale
Listed: 05/13/24

1129 Magnolia Ave, Redding, California, 96001

2 Bed:
3 Bath:
Save
Price
$ 439,000

About This House

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 and 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.

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Magnolia Housing & Living

Household Income

Median household income: $46,389
Number of households: 36,410
The average household income in Redding, CA grew from $44,573 to $46,389 in the past year. This data is an estimate based upon 36,410 households in Redding, CA.
The chart below presents how household income is distributed in Redding, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $2k-$3k
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Redding, CA compared to median property taxes around the country. The prevalent amount of property taxes in Redding, CA equals $2k-$3k , which is less than the national average.