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Listed by Justin W Jones • Waterman Real Estate
$479,900
Est. payment /mo
Price Dropped by $20K
1849 Parallel ST Shasta Lake, CA 96019
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26-2773
Year Built 1980
Source Shasta Association of REALTORS®
Property 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.
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.
Location
State CA
County Shasta
Direction I-5, Shasta Dam Blvd Exit. Turn left on Cascade, Left on 3rd Street, and Left on Parallel.
Interior
Cooling Central
Building
Building Description Wood Siding, Wood Siding
Story 1
Level or Stories 1.0
Structure Type Wood Siding
Others
Senior Community No
Tax ID 007-260-006-000
Ownership Seller
Acceptable Financing All Cash to Seller, Cash, FHA/VA
Listing Terms All Cash to Seller, Cash, FHA/VA
Nearby Locations
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