1849 Parallel St

Beds
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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...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.
  1. Listed by Justin W Jones • DRE #01469749 • Brokerage DRE #01363608 • Waterman Real Estate
    C: (530)-356-8100 team530@gmail.com

Property Details for 1849 Parallel Street

Subdivision Name
N/A
LISTING UPDATED: 06/09/2026 02:03 PM

Property Details for 1849 Parallel Street

StatusActive
MLS #26-2773
Days on Compass4
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1980
Lot Size-
CountyShasta County

Location

Listing Courtesy of Waterman Real Estate, Justin W Jones, DRE #01469749
Add your commute

Building Information for 1849 Parallel Street

Stories1Residences-Year Built1980Building Size-Lot Size-

Payment Calculator

Get preapproved with
OriginPoint Mortgage or Rocket Mortgage1

$2,491 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,491

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Know your buying power with a preapproval and custom rate in minutes

Rocket Mortgage1

Property Information for 1849 Parallel Street

Summary
Location and General Information
  • Cross Street: Cascade
  • M L SArea Major: 31 - Shasta Lake City
  • Remarks : Directions: I-5, Shasta Dam Blvd Exit. Turn left on Cascade, Left on 3rd Street, and Left on Parallel.
  • Address Info : City: Shasta Lake
  • State Or Province: CA
  • Postal Code: 96019
  • County Or Parish: Shasta
  • Latitude: 40.677439
  • Longitude: -122.350785
  • Property Description : Zoning: NOT AVAILABLE
  • Address Information : Cross Street2: Cascade
Parking
  • Parking : Garage: Yes
  • Parking : # Spaces Carport: 3
  • Parking : # Spaces Garage: 3
  • Garage: Yes
Taxes and HOA Information
  • Association Fee: $.00
  • Parcel Number: 007-260-006-000
Property
Property and Assessments
  • Approval Status: Yes
  • Ownership: Seller
  • Property Description : Year Built Desc: 20-30 Years
Interior and Exterior Features
Exterior Features
  • Cooling : Central2: Yes
  • Exterior : Wood3: Yes
  • Construction Materials: Wood
Interior Features
  • Cooling: Central
  • Stories: 1
  • Total Bathrooms Source: MLS
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
  • Cooling: Yes
  • Property Description : Stories2: 1
  • Heating : Forced Air: Yes
  • Some Units Include : Balcony Deck2: Yes
  • Miscellaneous : Laundry in Complex2: Yes
Multi Family
Multi Family Information
  • Number Of Units Total: 0
  • Unit Description : 1 Bedroom: Yes
  • Unit Description : 2 Bedroom: Yes
  • Unit Type : Four Plex: Yes
Unit Information
  • Unit 1 : # Bedrooms: 1.0
  • Unit 1 : Rent: $1,000.00
  • Unit 2 : # Bedrooms2: 2.0
  • Unit 2 : Rent2: $1,025.00
  • Unit 3 : # Baths4: 1
  • Unit 3 : # Bedrooms3: 2.0
  • Unit 3 : Rent3: $850.00
  • Unit 4 : # Baths3: 1
  • Unit 4 : # Bedrooms4: 1.0
  • Unit 4 : Rent4: $850.00
Rental
Rental Information
  • Ownership : Seller2: Yes
  • Existing Rntl Terms : Lease2: 1
  • Tenant Expenses : Electric8: Yes
  • Existing Rntl Terms : Month to Month: Yes

Property History for 1849 Parallel Street

DateEvent & SourcePriceAppreciation
Jun 9, 2026

Listed (Active)

Shasta Association of REALTORS #26-2773

$499,900
Mar 2, 2020

Sold

Shasta Association of REALTORS #20-181

$370,000
Jan 25, 2020

Pending

Shasta Association of REALTORS #20-181

DateEvent & SourcePrice
06/09/2026

Listed (Active)

Shasta Association of REALTORS #26-2773

$499,900
03/02/2020

Sold

Shasta Association of REALTORS #20-181

$370,000
01/25/2020

Pending

Shasta Association of REALTORS #20-181

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 1849 Parallel Street

This home is within Gateway Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 8
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Grand Oaks Elementary School
PublicK to 5

Shasta Lake
PublicK to 8

Central Valley High School
Public9 to 12

Gateway Community Day School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

1849 Parallel Street is a multi-family home for sale in Shasta Lake, CA 96019. This property was listed for sale on June 9, 2026 by Waterman Real Estate, it's currently listed at $499,900. It has been on the market for a total of 4 days and was last sold on March 2, 2020. This listing's school district is Gateway Unified School District. Nearby schools include Grand Oaks Elementary School, Shasta Lake and Central Valley High School. 1849 Parallel Street is a 0-bed, 0-bath, multi-family home built in 1980.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Waterman Real Estate, Justin W Jones, DRE #01469749

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.