1849 Parallel St Shasta Lake, CA 96019
Shasta Lake AreaEstimated payment $2,926/month
About This Home
Excellent investment opportunity with strong cash flow, significant recent upgrades, and upside potential. This well-maintained fourplex features a desirable unit mix of two 2-bedroom, 1-bath units and two 1-bedroom, 1-bath units, currently generating $3,725 per month in rental income. Current rents are believed to be below market, offering investors the opportunity to increase income over time while benefiting from an established tenant base that includes several long-term tenants.
Major capital improvements help keep maintenance costs low, including a new roof installed in 2025, two new HVAC systems installed in 2025 and 2026, and one unit that was completely remodeled in 2023. Additional amenities include an on-site laundry room, three garage spaces, and four covered carport parking spaces, providing convenience and value for tenants.
Ideal for both investors and owner-occupants, this property offers the opportunity to live in one unit while rental income from the remaining units helps offset ownership costs. With long-term tenants, a solid rental history, low-maintenance improvements, and potential for future rent growth, this property presents an attractive combination of stability, income, and upside.
Conveniently located in Shasta Lake City with easy access to Interstate 5, shopping, dining, and outdoor recreation. A rare opportunity to acquire a turn-key multi-family property with strong fundamentals, pride of ownership, and future income potential.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1980
Home Design
- Wood Siding
Utilities
- Central Air
Listing and Financial Details
- Assessor Parcel Number 007-260-006-000
Map
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $4,658 | $412,735 | $44,617 | $368,118 |
| 2025 | $4,658 | $404,643 | $43,743 | $360,900 |
| 2024 | $4,336 | $396,710 | $42,886 | $353,824 |
| 2023 | $4,336 | $388,933 | $42,046 | $346,887 |
| 2022 | $4,222 | $381,308 | $41,222 | $340,086 |
| 2021 | $4,166 | $373,832 | $40,414 | $333,418 |
| 2020 | $2,567 | $225,279 | $43,956 | $181,323 |
| 2019 | $2,490 | $220,863 | $43,095 | $177,768 |
| 2018 | $2,490 | $216,533 | $42,250 | $174,283 |
| 2017 | $2,449 | $212,288 | $41,422 | $170,866 |
| 2016 | $2,313 | $208,126 | $40,610 | $167,516 |
| 2015 | $1,585 | $149,426 | $32,478 | $116,948 |
| 2014 | $1,597 | $146,500 | $31,842 | $114,658 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/03/2026 09/03/26 | Price Changed | $459,900 | -2.1% | -- | |
| 08/03/2026 08/03/26 | Price Changed | $469,900 | -2.1% | -- | |
| 07/09/2026 07/09/26 | Price Changed | $479,900 | -4.0% | -- | |
| 06/09/2026 06/09/26 | For Sale | $499,900 | +35.1% | -- | |
| 03/02/2020 03/02/20 | Sold | $370,000 | +6.0% | -- | View Prior Sale |
| 01/25/2020 01/25/20 | Pending | -- | -- | -- | |
| 01/10/2020 01/10/20 | For Sale | $349,000 | +70.2% | -- | |
| 06/17/2015 06/17/15 | Sold | $205,000 | -6.4% | -- | View Prior Sale |
| 04/13/2015 04/13/15 | Pending | -- | -- | -- | |
| 04/02/2015 04/02/15 | For Sale | $219,000 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Fidelity Natl Ttl Co Of Ca | |
| Grant Deed | $370,000 | Fidelity Natl Ttl Co Of Ca | |
| Grant Deed | $205,000 | Fidelity Natl Title Co Of Ca | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | First American Title Co |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $365,313 | Commercial | |
| Closed | $370,000 | VA | |
| Previous Owner | $153,750 | New Conventional | |
| Previous Owner | $180,000 | Unknown | |
| Previous Owner | $95,000 | No Value Available |
Source: Shasta Association of REALTORS®
MLS Number: 26-2773
APN: 007-260-006-000
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