Building Details

Building Size 3,000 SF

Year Built 1940

Buildings 3

Stories 1

Units 3

Listed By: Darlene Summers Show Phone

Source: Elliman

Added: Sep 12 Last Checked: Sep 12 at 3:10PM

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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 Darlene Summers

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.

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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$32,814

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

8.47%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

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 Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent. EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs. OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements. NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.

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 rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

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 (±1% cap)

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 (±1% cap)

NOI $46,753 @ 7.0% cap · market cap 12.07%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Multifamily properties

Suggested Use

Top Pick Hair Salon Real Estate Agency Parking Lot & Garage Grocery & Convenience Store (Bike/Boat/Book/etc) Store Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this multifamily properties located? What is the asking price? Find similar properties What are key features of this property?

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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