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Jenn Smart

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1849 Parallel St , Shasta Lake, CA 96019
$479,900
Est. Payment: $2,418.06/mo
0 Bed
0 Bath
0 Sqft
Status: active | Days on site: 31
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

Excellent investment opportunity with strong cash flow, significant recent upgrades, and upside potential. This well-maintained fourplex features a desirable unit mix of two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, currently generating $3,725 per month in rental income. Current rents are believed to be below market, offering investors the opportunity to increase income over time while benefiting from an established tenant base that includes several long-term tenants. Major capital improvements help keep maintenance costs low, including a new roof installed in 2025, two new HVAC systems installed in 2025 and 2026, and one unit that was completely remodeled in 2023. Additional amenities include an on-site laundry room, three garage spaces, and four covered carport parking spaces, providing convenience and value for tenants. Ideal for both investors and owner-occupants, this property offers the opportunity to live in one unit while rental income from the remaining units helps offset ownership costs. With long-term tenants, a solid rental history, low-maintenance improvements, and potential for future rent growth, this property presents an attractive combination of stability, income, and upside. Conveniently located in Shasta Lake City with easy access to Interstate 5, shopping, dining, and outdoor recreation. A rare opportunity to acquire a turn-key multi-family property with strong fundamentals, pride of ownership, and future income potential.

Highlights

Listed by Justin W Jones , 530-356-8100 Waterman Real Estate , 1 530-691-4444. Shasta Assoc of REALTORS

Property Type

Multi-Family

Year Built

1980

County

Shasta

Area

31 - Shasta Lake City

Neighborhood

N/A

Listing ID

26-2773

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Central
Fireplaces:

Exterior Features

Principal Interest
$2,418
Taxes
$306

Home Price

$479,900

Loan Details

30 yrs
6.466%

Down Payment

20%
$95,980
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Monthly Price:
$2,418.06

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,418.06 $305.94 $0.00 $2,723.99
Yearly $29,016.69 $3,671.24 $0.00 $32,687.92
Total $870,500.67 $110,137.05 $0.00 $980,637.72
Lender profile image
So-Crates Johnson
Dust, Wind, Dude
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Market insight data is pulled from the same city as the listing being viewed (Shasta Lake, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Shasta Assoc of REALTORS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-07-30T03:14:30.000Z

© 2026 Shasta Assoc of REALTORS