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Property view

1196 Lancers Lane, 
Redding, CA 96003

$649,000

—

Bed

—

Bath

-

Sq Ft

Multi-Family

Pending

Listed by

Cherrel Kirkland

Kirkland Real Estate Partners

1 530-510-9988

Last updated:

July 27, 2026, 10:31 AM

MLS#

26-3349

Source:

CA SAR

About This Home

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. 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.

Home Facts

Multi-Family

Built in 1990

Price Summary

649,000

MLS #:

26-3349

Last Updated:

July 27, 2026, 10:31 AM

Added:

16 day(s) ago

Structure

Structure

Year Built:

1990

Finances & Disclosures

Finances

Price:

$649,000

Source:CA SAR
Shasta Association of REALTORS® (alternatively, from the SAOR MLS) for the period July 27, 2026. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.