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    1660 Ashby RD Shasta Lake, CA 96019

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    New
    For Sale
    $349,000

    Multiple Dwellings / Structures - SHASTA LAKE, CA

    Property size:
    1,156 SF
    Price / SF:
    $301/SF
    Added:
    Apr 27, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 30 at 6:06 am

    Property Features for 1660 Ashby RD

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    R-1
    Bedrooms
    4
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Parking features
    Garage, Garage - Attached, Oversized
    Interior features
    None
    Standard status
    Active
    Size
    1,156 SF

    Utilities

    Heating system
    Electric (Heating), Wall Furnace
    Cooling system
    Wall Unit(s)

    Building Details

    Year built
    1946
    Roof type
    Composition
    Architectural style
    Other

    We can help!

    Listing Contact
    Ben Sprague
    Ben Sprague

    Listing agent Ben Sprague License #02088763

    Listing office eXp Realty of California Inc 2603 Camino Ramon Suite 200, San Ramon, CA

    Listing date Apr 27, 2026

    MLS# ML82040794 Listing URL

    Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Multi-Home Property in Shasta Lake

    This multi-home property offers comfort and flexibility in a desirable location. It includes a 3-bedroom, 2-bath main home and a self-contained 1-bedroom, 1-bath studio with its own kitchen. The main home features light-filled living spaces, an updated kitchen, comfortable bedrooms, and air conditioning. The studio mirrors the same updates, offering independence and rental or guest potential. The property is located near shopping, dining, and everyday amenities, with easy access to Shasta Lake. The property, situated on Ashby RD in Shasta Lake, California, offers space to relax, entertain, or enjoy outdoor living. The property is zoned R-1 and has a total size of 1156 square feet. This property blends lifestyle appeal with practicality and delivers long-term value. It is suited for owner-occupants, multi-generational living, or investors.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Building Supply Auto Repair Shop Gym & Fitness Center Big Box & Wholesale Store Hotel & Motel Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Shasta Lake
    County
    Shasta
    State
    California
    Longitude
    -122.3736532
    Latitude
    40.6799425

    Nearby Similar for Sale

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      Established Flooring Business Opportunity

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    • $1,378,000
      10,890 SF

      Shasta Lake Commercial Buildings

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    • $379,800

      Versatile Multi-Home Property

      Multi-home property with rental or multi-generational living potential.
      1660 Ashby Rd, Shasta Lake, CA 96019
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    • $250,000

      Shasta Lake Multifamily Opportunity

      Two-unit fixer with unpermitted unit on a half-acre parcel.
      3460-3466 Tomahawk Trail, Shasta Lake, CA 96019
      View Details

    FAQs

    What type of property is this?
    Duplex - Updated multi-home property with rental or multi-generational living potential.
    Where is this duplex located?
    The property is located at 1660 Ashby RD Shasta Lake, CA.
    What is the asking price?
    The asking price for this property is $349,000.
    What are key features of this property?
    This property features: Multi‑home property featuring a 3‑bedroom, 2‑bath main home.; Separate 1‑bedroom, 1‑bath studio with its own kitchen – perfect for rental income or guests.; Both main home and studio are updated.
    (530) 240-7366
    We can help!
    Listing Contact
    Ben Sprague
    Ben Sprague
    Real Estate License ID: 02088763
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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