Three-Home Multifamily
For Sale
$387,500
1825 Grand Coulee, Shasta Lake, CA 96019
Two adjacent parcels contain three separate residences, each with two bedrooms, one bathroom, and off-street parking.
Property Size3,000 SF
Days on Market47
Property Features for 1825 Grand Coulee
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Investment
Units
Unit Mix
3 x 2BR/1BA
Multifamily Units
3
Additional Details
Highway Access
Yes
Amenities
wall furnace heating
window cooling
off-street parking
Building Details
Building Size
3,000 SF
Year Built
1940
Buildings
3
Stories
1
Units
3
Listing Agency:
Huntington Harbour Real Estate
Listed By:
Darlene Summers · License #01458761
(714) 317-5943
Source:
Elliman
Added: Sep 12
Changed: Oct 25
Last Checked: Oct 26 at 4:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Huntington Harbour Real Estate
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Investment Insights
Based on property information with market context.
This multifamily property comprises three detached residences arranged across two adjoining parcels. Each home includes two bedrooms and one bathroom, along with a functional floor plan, wall furnace heating, window cooling, and off-street parking. The separate-house configuration creates distinct residential units within one property and supports flexible occupancy arrangements.
Built in 1940, the property is located in Shasta Lake City near Shasta Dam Boulevard, I-5 access, and Shasta Lake. The surrounding area offers access to boating, fishing, skiing, and other outdoor recreation. The property is also within reach of local amenities and transportation routes.
Built in 1940, the property is located in Shasta Lake City near Shasta Dam Boulevard, I-5 access, and Shasta Lake. The surrounding area offers access to boating, fishing, skiing, and other outdoor recreation. The property is also within reach of local amenities and transportation routes.
Key Highlights
- Three separate houses across two side‑by‑side parcels
- Each residence has 2 bedrooms and 1 bathroom
- Wall furnace heating and window cooling in each home
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,814
Cap Rate
8.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$656,280
$656.3K
Cap Rate 7%
$468,771
$468.8K
Cap Rate 9%
$364,600
$364.6K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$63.0K $21.00/SF
− Vacancy
−$3.3K −$1.11/SF
EGI
$59.7K $19.89/SF
− OpEx
−$26.8K −$8.95/SF
NOI
$32.8K $10.94/SF
Area
Shasta County, CA
Vacancy
5.30%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$656,280
Cap Rate 7%
$468,771
Cap Rate 9%
$364,600
Alternative Uses
Best Use
Apartment 5plus
$468.8K
$410.2K – $546.9K
NOI $32,814 @ 7.0% cap · market cap 8.47%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$667.9K
$584.4K – $779.2K
NOI $46,753 @ 7.0% cap · market cap 12.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
212
Businesses Nearby
Explore this area
Business Placement
Demographics for 96019, CA
10,491
Population
4,277
Households
2.5
Avg Household Size
42
Median Age
14%
College-Educated
91%
High-School Grad
19.3 sq mi
ZIP Area
544
Density / Sq Mi
$60,972
Median Household Income
$35,683
Median Earnings
$1,264
Median Rent
$271,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Two adjacent parcels contain three separate residences, each with two bedrooms, one bathroom, and off-street parking.
Where is this multifamily property located?
The property is located at 1825 Grand Coulee Shasta Lake, CA.
What is the asking price?
The asking price for this property is $387,500.
What are key features of this property?
This property features: Three separate houses across two side‑by‑side parcels; Each residence has 2 bedrooms and 1 bathroom; Wall furnace heating and window cooling in each home
