$440,000
Original price: $459,900
Studio
1849 Parallel St, Shasta Lake, CA 96019
Est. Mortgage $2,810/mo*
Get Pre-QualifiedHome Highlights
Multi-Family
Built in 1980
Local Information
- Map ViewExplore the area around 1849 Parallel St.
- Schools1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
About this House
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.
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.
Last check for updates: about 5 hours ago
Listing courtesy of Justin W Jones, (530) 356-8100
Waterman Real Estate
Source: SMLS, MLS#26-2773
Home Details for 1849 Parallel St
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Heating & Cooling Heating: Forced AirHas CoolingHas HeatingHeating Fuel: Forced Air |
Gas & Electric No Electric on Property |
Levels, Entrance, & Accessibility Stories: 1 |
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Frontage Not on Waterfront |
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Days on Market: 101 |
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Year Built Year Built: 1980 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Construction Materials: Wood Siding |
Property Information Parcel Number: 007260006000 |
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Price List Price: $440,000 |
Status Change & Dates Possession Timing: Arrange |
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MLS Status: Active |
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Direction & Address City: Shasta Lake |
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Listing Agent Listing ID: 26-2773 |
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No HOA |
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Listing Terms: Cash, FHA/VA |
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Business Information Ownership: Seller |
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Mls Number: 26-2773 |
Around this home
What Locals Say about Shasta Lake
At least 51 Trulia users voted on each feature.
89 % Say car is needed
89 % Say parking is easy
79 % Say yards are well-kept
73 % Say there's holiday spirit
67 % Say it's walkable to grocery stores
65 % Say there's wildlife
64 % Say it's dog friendly
62 % Say it's quiet
54 % Say neighbors are friendly
54 % Say kids play outside
46 % Say it's walkable to restaurants
45 % Say people would walk alone at night
41 % Say they plan to stay for at least 5 years
36 % Say there are sidewalks
31 % Say streets are well-lit
31 % Say there are community events
Sourced by Trulia users. Learn more about our methodology.
Market trends in Shasta Lake
Last updated August 2026
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
39
6MoM
Home Value
Trulia Estimate
$438KSince last month
Decreased$18K (-3.9%)Since last year
Decreased$8K (-1.8%)Since last sale
Increased$68K (+18.5%)Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.
Trulia Estimate
The of this home's value increased by +36% in the last 10 years
| Month | Estimated value |
|---|---|
2026 | |
| September 2026 | $438K |
| August 2026 | $456K |
| July 2026 | $471K |
| June 2026 | $495K |
2025 | |
2024 | |
2023 | |
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.06 | Multi-Family Home | $362,000 | 06/15/26 | 5 | 4 | - | |
1.04 | Multi-Family Home | $189,000 | 04/20/26 | 5 | 3 | 1,200 | |
1.99 | Multi-Family Home | $204,000 | 06/09/26 | - | - | ||
3.68 | Multi-Family Home | $235,000 | 07/06/26 | - | - | ||
3.98 | Multi-Family Home | $410,000 | 02/27/26 | - | - | ||
3.96 | Multi-Family Home | $595,000 | 06/24/26 | 8 | 5 | 3,528 | |
3.96 | Multi-Family Home | $595,000 | 05/26/26 | 8 | 5 | 3,528 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.04 | $416,000 | Studio | - | - | Off Market | |
0.09 | $295,900 | Studio | - | - | Off Market | |
0.06 | $362,000 | 5 | 4 | - | Recently Sold | |
0.15 | $65,000 | - | - | - | Recently Sold | |
0.14 | $376,400 | 6 | 3 | - | Off Market | |
0.18 | $274,000 | 2 | 1 | 750 | Off Market | |
0.19 | $269,300 | 2 | 1 | 750 | Off Market | |
0.19 | $283,600 | 2 | 1 | 750 | Off Market | |
0.19 | $281,300 | 2 | 1 | 748 | Off Market | |
0.20 | $292,000 | 2 | 1 | 748 | Recently Sold | |
0.21 | $342,300 | 3 | 2 | 1,383 | Off Market |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Sep 18, 2026 Source: SMLS #26-2773 | PriceChange | $440,000 Price decreased by 4% |
Sep 3, 2026 Source: SMLS #26-2773 | PriceChange | $459,900 Price decreased by 2% |
Aug 3, 2026 Source: SMLS #26-2773 | PriceChange | $469,900 Price decreased by 2% |
Jul 9, 2026 Source: SMLS #26-2773 | PriceChange | $479,900 Price decreased by 4% |
Jun 9, 2026 Source: SMLS #26-2773 | Listed For Sale | $499,900 |
Feb 13, 2026 Source: Zillow Rentals | ListingRemoved | $1,000 |
Feb 10, 2026 Source: Zillow Rentals | Listed For Rent | $1,000 |
Mar 11, 2025 Source: Zillow Rentals | ListingRemoved | $975 |
Feb 26, 2025 Source: Zillow Rentals | Listed For Rent | $975 |
Jan 20, 2024 Source: Zillow Rentals | ListingRemoved | |
Jan 13, 2024 Source: Zillow Rentals | PriceChange | $975 Price decreased by 2% |
Nov 28, 2023 Source: Zillow Rentals | Listed For Rent | $995 |
Jun 16, 2023 Source: Zillow Rentals | ListingRemoved | |
Jun 5, 2023 Source: Zillow Rentals | Listed For Rent | $995 |
Mar 2, 2020 Source: SMLS #20-181 | Sold | $370,000 |
Jan 11, 2020 Source: Agent Provided | Listed For Sale | $349,000 |
Jun 17, 2015 Source: SMLS #15-1602 | Sold | $205,000 |
Apr 4, 2015 Source: Agent Provided | Listed For Sale | $219,000 |
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Justin W Jones, Waterman Real Estate
Agent Phone: (530) 356-8100
Copyright Shasta Association of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.
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Frequently asked questions about 1849 Parallel St
- What is the estimated monthly payment for 1849 Parallel St?Based on a $440,000 list price with 20% down at today's rates, the estimated monthly payment for 1849 Parallel St in Shasta Lake, CA is approximately $2,858 (about $2,380 principal & interest, $403 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- What do residents say about Shasta Lake?Residents describe Shasta Lake, CA as easy to park in, well-kept, and walkable to grocery stores. See homes for sale in Shasta Lake, CA.
- What are the closest schools to 1849 Parallel St?The closest schools to 1849 Parallel St in Shasta Lake, CA are Central Valley High School (rated 9/10), Shasta Lake (Elementary/Middle, rated 5/10).
- What is 1849 Parallel St estimated to be worth?Trulia's estimated value for 1849 Parallel St in Shasta Lake, CA is $438,400.
- Does 1849 Parallel St have air conditioning?Yes, 1849 Parallel St in Shasta Lake, CA has air conditioning.
1849 Parallel St, Shasta Lake, CA 96019 is a studio multi-family built in 1980. This property is currently available for sale and was listed by SMLS on Jun 9, 2026. The MLS # for this home is MLS# 26-2773.