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.
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.
Pending
$649,000
1196 Lancers Ln, Redding, CA 96003
8beds
4baths
--sqft
Multi Family
Built in 1990
-- sqft lot
$630,800 Zestimate®
$--/sqft
$-- HOA
What's special
Low-maintenance yardRecently replaced roofAttached garagesDurable stucco exterior
- 8 days |
- 516 |
- 33 |
Zillow last checked:
Listing updated:
Listed by:
Cherrel Kirkland 530-510-9988,
Kirkland Real Estate Partners
Source: SMLS,MLS#: 26-3349
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
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: 071034031
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: $486,272
- Annual tax amount: $5,388
- Date on market: 7/11/2026
- Listing terms: Cash
- Ownership: Seller
Estimated market value
$630,800
$599,000 - $662,000
$1,593/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/16/2026 | Pending sale | $649,000 |
Source:  SMLS #26-3349 Report a problem | ||
| 7/12/2026 | Listed for sale | $649,000 |
Source: SMLS #26-3349 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 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
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 96003
Nearby schools
GreatSchools rating
- 6/10Boulder Creek Elementary SchoolGrades: K-8Distance: 0.7 mi
- 6/10Enterprise High SchoolGrades: 9-12Distance: 2.3 mi
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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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