Fourplex with On-Site
1849 Parallel Street Shasta Lake, CA 96019
For Sale
$479,900
MULTI_FAMILY - Shasta Lake, CA
Days on Market51
Property Features for 1849 Parallel Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
6
Rooms
Bathroom 1, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 4, Bedroom 6, Bedroom 2, Bedroom 5
Standard status
Active
APN
007-260-006-000
Utilities
Cooling system
Central Air
Building Details
Year built
1980
Floors in Building
1
Building materials
Wood Siding
Listing Agency:
Waterman Real Estate
(530) 691-4444
Listed By:
Justin W Jones · License #01469749
(530) 356-8100
Added: Jun 9
Changed: Jul 15
Last Checked: Jul 29 at 11:06PM
MLS# 26-2773
Copyright © 2026 Shasta Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained fourplex offers a simple, tenant-friendly layout with two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units. The property includes an on-site laundry room, three garage spaces, and four covered carport parking spaces. Recent capital improvements include a new roof installed in 2025, two new HVAC systems installed in 2025 and 2026, and one unit completely remodeled in 2023. Rental income is currently reported at $3,725 per month.
Located at 1849 Parallel Street in Shasta Lake, CA, the property is described as having convenient access to Interstate 5, along with nearby shopping, dining, and outdoor recreation.
For investors or an owner-occupant, the unit mix supports flexibility—living in one unit while collecting rent from the remaining three. The documented upgrades are positioned to help with near-term maintenance planning, and the property is presented as having an established tenant base that includes long-term tenants, along with a solid rental history. With the 2023 remodel and 2025–2026 HVAC and roof work already completed, this fourplex may be a good fit for buyers seeking a turn-key residential income asset with current income and continued operational stability.
Located at 1849 Parallel Street in Shasta Lake, CA, the property is described as having convenient access to Interstate 5, along with nearby shopping, dining, and outdoor recreation.
For investors or an owner-occupant, the unit mix supports flexibility—living in one unit while collecting rent from the remaining three. The documented upgrades are positioned to help with near-term maintenance planning, and the property is presented as having an established tenant base that includes long-term tenants, along with a solid rental history. With the 2023 remodel and 2025–2026 HVAC and roof work already completed, this fourplex may be a good fit for buyers seeking a turn-key residential income asset with current income and continued operational stability.
Key Highlights
- Fourplex with 2 two‑bedroom, 1‑bath units and 2 one‑bedroom, 1‑bath units.
- Currently generates $3,725/month in rental income.
- Recent improvements include a new roof installed in 2025 and HVAC systems installed in 2025 and 2026.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Quadplex - Fourplex in Shasta Lake with a practical unit mix, on-site laundry, and recent roof and HVAC replacements.
Where is this quadplex located?
The property is located at 1849 Parallel Street Shasta Lake, CA.
What is the asking price?
The asking price for this property is $479,900.
What are key features of this property?
This property features: Fourplex with 2 two‑bedroom, 1‑bath units and 2 one‑bedroom, 1‑bath units.; Currently generates $3,725/month in rental income.; Recent improvements include a new roof installed in 2025 and HVAC systems installed in 2025 and 2026.
