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Sold for $659,000
  • $659,000

    1196 Lancers Ln, Redding, CA 96003

    8beds
    4baths
    --sqft
    Multi Family
    Built in 1990
    -- sqft lot
    $647,600 Zestimate®
    $--/sqft
    $1,314 Estimated rent

    Home value

    $647,600

    $615,000 - $680,000

    $1,314/mo

    Zestimate® history
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    $4,378/mo

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    What's special

    Low-maintenance yardRecently replaced roofAttached garagesDurable stucco exterior
    Prime Investment Opportunity: Turnkey, Low-Maintenance Fourplex Centrally located with exceptional access to premier shopping, dining, and local amenities, this well-maintained fourplex offers an outstanding addition to any investment portfolio. Each of the four expansive, 1,200-square-foot units features a highly desirable 2-bedroom, 1.5-bathroom layout designed for comfortable modern living. Attached garages provide tenants with highly sought-after privacy, security, and additional storage. The property is engineered for low-overhead management, boasting a durable stucco exterior, a recently replaced roof, and a low-maintenance yard that minimizes ongoing upkeep costs. Two new 2.5 ton HVAC units being installed August 2026. Enjoy immediate, reliable cash flow with strong tenant history: the building is fully occupied, featuring a stable mix of two long-term residents and two recently executed newer leases. Generating $63,000 in annual gross rental income, this asset represents a secure, high-performing investment in a high-demand rental market.

    Zillow last checked:

    Listing updated:

    Listed by:

    Cherrel Kirkland 530-510-9988,

    Kirkland Real Estate Partners

    Bought with:

    Savannah Petersen, DRE #02065045

    Seasons Real Estate, Inc.

    Source: SMLS,MLS#: 26-3349MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 8
    • Bathrooms: 4
    Heating
    • Forced Air
    Cooling
    • Has cooling: Yes
    Features
    • Has basement: No

    Property

    Parking
    • Total spaces: 4
    • Parking features: Off Street
    • Has attached garage: Yes
    Features
    • Stories: 1
    Lot
    • Size: 0.3 Acres
    • Dimensions: 12930 sq ft
    Details
    • Parcel number: 071340031

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Stucco
    Condition
    • Year built: 1990

    Community & HOA

    HOA
    • Has HOA: No
    Location
    • Region: Redding

    Financial & listing details

    • Tax assessed value: $495,996
    • Date on market: 8/14/2026
    • Listing terms: Cash
    • Ownership: Seller

    Price history

    DateEventPrice
    10/20/2026Sold$659,000
    Source: SMLS #26-3349 Report a problem
    8/18/2026Pending sale$659,000
    Source: SMLS #26-3349 Report a problem
    8/14/2026Price change$659,000+1.5%
    Source: SMLS #26-3349 Report a problem
    7/16/2026Pending sale$649,000
    Source: SMLS #26-3349 Report a problem
    7/12/2026Listed for sale$649,000
    Source: SMLS #26-3349 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2026-- $495,996 +2%
    2025$5,388 +1.5%$486,272 +2%
    2024$5,307 +1.4%$476,738 +2%
    2023$5,233 +2.9%$467,391 +2%
    2022$5,086 +3.5%$458,228 +2%
    2021$4,913 +0.4%$449,244 +1%
    2020$4,892 +13.9%$444,638 +15.5%
    2019$4,295 +1.8%$385,000 +2.7%
    2018$4,219 -3.6%$375,000
    2017$4,377 +9.1%$375,000 +4.2%
    2016$4,012 +2.6%$360,000 +2.9%
    2015$3,911 $350,000
    Find assessor info on the county website

    Neighborhood: 96003

    Nearby schools

    GreatSchools rating
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $647,600
    2% more
    +$12,952
    With Zillow Showcase(estimated)
    $660,552
    Sell for more on Zillow
    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $647,600
    2% more
    +$12,952
    With Zillow Showcase(estimated)
    $660,552