$649,000
Redding, CA 96003
MLS# 26-3349
Status: Pending
1 / 1
Property Description
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.
Details
Maps
Property Description
Garage Spaces: 4
List Price: 649000
Parcel Number: 071-034-031
Lot Dim or Acres: 12930 sq ft
GP Zone: RED 03.5-06 u/a - 03.5-06 dwelling units per acre
Zoning: RED - R-4 - Multiple Family Res Dist
Year Built Desc: 30+
Garage YN: Yes
Garage Attached YN: Yes
Stories: 1
HOA/Association YN: No
Current Price: $649,000
Area: 02 - NE Redding
Subdivision: N/A
Year Built: 1990
Address Information
Street Suffix: Lane
Cross Street: Churn Creek
Street Number: 1196
Street Name: Lancers
State/Province: CA
Postal Code: 96003
County: Shasta
Remarks
Public Remarks: 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.
Directions: Churn Creek to Lancers east to property.
Contract Information
Listing Contract Date: 2026-07-10
Status: Pending
List Date: 2026-07-11
Under Contract Date: 2026-07-15
How to Show
SH Sntrilck Bluetooth: No
LBX Notice in Doc's: No
Unit Type
Four Plex: 1
Exterior
Stucco: 1
Parking
Off Street: 1
Shared Driveway: 1
# Attached Garage: 4
# Detached Garage: 0
# Attached Carport: 0
# Detached Carport: 0
Total Spaces: 4
Unit Description
2 Bedroom: 1
Miscellaneous
Smoke Detectors: 1
Kitchen
Dishwasher: 1
Fuel Source: Natural Gas
Range/Oven: 1
All Units Include
Air Conditioner: 1
Some Units Include
Balcony/Deck: 1
Ownership
Seller: 1
Heating
Forced Air: 1
Gas: Natural
Cooling
Central: 1
Available Terms
All Cash to Seller: 1
Cash: 1
Cash to New Loan: 1
Possession
Close of Escrow: 1
Financial Info
1st Balance Amount: 0
Tenant Expenses
Cable: 1
Electric: 1
Garbage: 1
Gas: 1
Water: 1
Unit 1
Unit #: 1
# Bedrooms: 2
# Baths: 1.5
Rent: 1525
Deposit: 1525
SqFt: 1200
Unit 2
Unit #: 2
# Bedrooms: 2
# Baths: 1.5
Rent: 1525
Deposit: 1525
SqFt: 1200
Unit 3
Unit #: 3
# Bedrooms: 2
# Baths: 1.5
Rent: 1100
Deposit: 1125
SqFt: 1200
Remarks: tenant since 2018
Unit 4
Unit #: 4
# Bedrooms: 2
# Baths: 1.5
Rent: 1100
Deposit: 1675
SqFt: 1200
Remarks: tenant since 2019
Property Features
Unit Type: Four Plex
Exterior: Stucco
Parking: Off Street; Shared Driveway
Unit Description: 2 Bedroom
Kitchen: Dishwasher; Range/Oven
All Units Include: Air Conditioner
Some Units Include: Balcony/Deck
Heating: Forced Air
Cooling: Central
Miscellaneous: Smoke Detectors
Ownership: Seller
Tenant Expenses: Cable; Electric; Garbage; Gas; Water
Available Terms: All Cash to Seller; Cash; Cash to New Loan
Possession: Close of Escrow
IDX
Listing Office: Kirkland Real Estate Partners
Last Updated: July - 16 - 2026
Information deemed reliable but not guaranteed.