Now's your chance to own a unique multi-family property in the heart of downtown Redding. Located on the corner of Placer and Magnolia, this property includes 4 turn-key apartments with covered parking, and a charming 3 bed / 1 bath house. Live in the house and rent out the apartments, or rent everything out for maximum cashflow. Fully updated inside and out, including new windows and beautiful modern finishes. Take advantage of this well-performing, fully occupied property which yields $94,000+ per year. Available now at an attractive 6.2% cap rate.
Sold for $925,000 on 06/29/23
$925,000
2176 Placer St, Redding, CA 96001
10beds
5baths
--sqft
Multi Family
Built in 1936
-- sqft lot
$771,100 Zestimate®
$--/sqft
$1,543 Estimated rent
Home value
$771,100
$733,000 - $810,000
$1,543/mo
Zestimate® history
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Owner options
Explore your selling options
What's special
Zillow last checked: 8 hours ago
Listing updated: August 30, 2024 at 07:05pm
Listed by:
Todd D Stromback,
Venture Properties
Bought with:
Kelly Campbell, DRE #01393701
Waterman Real Estate
Waterman Real Estate
Source: SMLS,MLS#: 23-401
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 5
Cooling
- Has cooling: Yes
Features
- Has basement: No
Property
Parking
- Parking features: Off Street, On Street
- Has uncovered spaces: Yes
Features
- Stories: 1
Lot
- Size: 9,148 sqft
- Dimensions: 9,148
Details
- Parcel number: 105340009000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco, Other
Condition
- Year built: 1936
Community & neighborhood
Location
- Region: Redding
Other
Other facts
- Listing terms: Cash
- Ownership: Seller
Price history
| Date | Event | Price |
|---|---|---|
| 11/25/2025 | Listing removed | $799,000 |
Source:  SMLS #25-1352 | ||
| 10/9/2025 | Listed for sale | $799,000 |
Source: SMLS #25-1352 | ||
| 8/21/2025 | Contingent | $799,000 |
Source: SMLS #25-1352 | ||
| 7/1/2025 | Price change | $799,000-1.1% |
Source: SMLS #25-1352 | ||
| 6/13/2025 | Price change | $808,000-1% |
Source: SMLS #25-1352 | ||
Public tax history
Tax history is unavailable.
Neighborhood: 96001
Nearby schools
GreatSchools rating
- 3/10Cypress Elementary SchoolGrades: K-5Distance: 1.1 mi
- 5/10Sequoia Middle SchoolGrades: 4-8Distance: 1.1 mi
- 9/10Shasta High SchoolGrades: 9-12Distance: 0.8 mi
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