Pending Multi-Family MLS# 26-3349

1196 Lancers Lane

Redding, CA 96003

$659,000

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About 1196 Lancers Lane

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.

Property details

Property

Type
Residential Income
MLS type
Multi Family Home
Status
Pending
Year built
1990
Original price
$649,000
MLS #
26-3349

Exterior & lot

Features
Parking spaces: 4
Lot
071-340-031
Parking
Off Street, Shared Driveway
Garage spaces
4

Schools

District
Enterprise Elementary School District

Financial

Financial
Shasta Association of REALTORS®, Seller
Parcel
071-340-031

Location

Area
02 - NE Redding
County
Shasta
Neighborhood
Mount Shasta Mall
Directions
Churn Creek to Lancers east to property.
Subdivision
N/A

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Questions on 1196 Lancers Lane, Redding, CA 96003, or want to see it in person?

Listed by Cherrel Kirkland, Kirkland Real Estate Partners

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.