1849 Parallel Street, Shasta Lake, CA 96019

Building Details

Year built

1980

Floors in Building

1

Building materials

Wood Siding

Listing agent Justin W Jones Show Phone

Listing office Waterman Real Estate w***@gmail.com 1760 Churn Creek Road, Redding, CA Show Phone

Listing date Jun 9, 2026

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MLS# 26-2773 Listing URL

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.

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Overview

This well-maintained fourplex offers 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 for tenant convenience. Reported rental income totals $3,725 per month, with current rents believed to be below market.

Recent improvements include a new roof installed in 2025, two new HVAC systems installed in 2025 and 2026, and a complete remodel of one unit in 2023. The unit mix and upgrade history are intended to support straightforward day-to-day operations with lower near-term maintenance demands. Located in Shasta Lake City with easy access to Interstate 5, the property is positioned for access to shopping, dining, and outdoor recreation.

The configuration can suit investors seeking a stable, income-generating residential asset and owner-occupants who want the option to live in one unit while collecting rent from the others. The presence of long-term tenants and a solid rental history, paired with the documented capital work, provides a practical foundation for buyers evaluating a turnkey multi-family purchase.

Suggested Use

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

-122.350785

Latitude

40.677439

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FAQs

What type of property is this?

Quadplex - Four-unit mix with on-site laundry and garage plus covered carport parking, supported by 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 $499,900.

What are key features of this property?

This property features: Fourplex built in 1980 with a unit mix of two 2‑bed, 1‑bath and two 1‑bed, 1‑bath units; Current rental income of $3,725 per month, with rents described as below market; Recent capital improvements: new roof in 2025; new HVAC systems installed in 2025 and 2026