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1849 Parallel Street, Shasta Lake, CA 96019

Shasta Lake
Local realty services provided by:CENTURY 21 Epic
1849 Parallel Street,Shasta Lake, CA 96019
$479,900
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: justin w jones
Office: waterman real estate
MLS#:26-2773
Source:CA_SAR

Price summary

  • Price:$479,900

About this home

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...

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Home facts

  • Year built:1980
  • Listing ID #:26-2773
  • Added:49 day(s) ago
  • Updated:July 29, 2026 at 02:43 PM

Heating and cooling

  • Cooling:Central

Structure and exterior

  • Year built:1980
  • Construction Materials:Wood Siding

Finances and disclosures

  • Price:$479,900
Shasta Association of REALTORS® (alternatively, from the SAOR MLS) for the period July 29, 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. CA_SAR Member Broker: Mike Southwick

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