# 1849 Parallel Street, Shasta Lake, CA 96019

> **TL;DR:** 6bd/0ba residential multi family, $440,000, built 1980.
> A/C. Est. $2,353/mo. Listed 144 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $440,000 |
| Bedrooms | 6 |
| Year Built | 1980 |
| Stories | 1 |
| Property Type | Residential Multi Family (Other) |
| Status | Active |
| Days on Market | 144 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $2,225 |
| Estimated Insurance | $128 |
| **Total** | **$2,353** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1980

## Description

### Agent 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 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.

## Location

- **Address:** 1849 Parallel Street, Shasta Lake, CA 96019
- **County:** Shasta
- **Coordinates:** 40.677439, -122.350785
- **Google Maps:** https://www.google.com/maps?q=40.677439,-122.350785

## Listing Agent

- **Name:** Justin W Jones · **License:** 01469749
- **Brokerage:** Waterman Real Estate
- **Broker Phone:** (916) 410-1284
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/1849-Parallel-St-Apt-3_Shasta-Lake_CA_96019_M19721-13113?f=listhub&s=SHASTACA-26&m=2773&c=propsimple)

## Photos

![1849 Parallel Street - Photo 1](http://lh.rdcpix.com/960ee47e8eb3d6ea5a690881e164459fl-f2804058155r.jpg)

![1849 Parallel Street - Photo 2](http://lh.rdcpix.com/960ee47e8eb3d6ea5a690881e164459fl-f2215154384r.jpg)

![1849 Parallel Street - Photo 3](http://lh.rdcpix.com/960ee47e8eb3d6ea5a690881e164459fl-f1066946583r.jpg)

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![1849 Parallel Street - Photo 27](http://lh.rdcpix.com/960ee47e8eb3d6ea5a690881e164459fl-f956338367r.jpg)

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![1849 Parallel Street - Photo 29](http://lh.rdcpix.com/960ee47e8eb3d6ea5a690881e164459fl-f2128663359r.jpg)

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![1849 Parallel Street - Photo 34](http://lh.rdcpix.com/960ee47e8eb3d6ea5a690881e164459fl-f3969911074r.jpg)

![1849 Parallel Street - Photo 35](http://lh.rdcpix.com/960ee47e8eb3d6ea5a690881e164459fl-f3667025187r.jpg)

![1849 Parallel Street - Photo 36](http://lh.rdcpix.com/960ee47e8eb3d6ea5a690881e164459fl-f3742818896r.jpg)

![1849 Parallel Street - Photo 37](http://lh.rdcpix.com/960ee47e8eb3d6ea5a690881e164459fl-f162513133r.jpg)

![1849 Parallel Street - Photo 38](http://lh.rdcpix.com/960ee47e8eb3d6ea5a690881e164459fl-f126208341r.jpg)

![1849 Parallel Street - Photo 39](http://lh.rdcpix.com/960ee47e8eb3d6ea5a690881e164459fl-f508613150r.jpg)

![1849 Parallel Street - Photo 40](http://lh.rdcpix.com/960ee47e8eb3d6ea5a690881e164459fl-f1725365221r.jpg)

![1849 Parallel Street - Photo 41](http://lh.rdcpix.com/960ee47e8eb3d6ea5a690881e164459fl-f4258067470r.jpg)

![1849 Parallel Street - Photo 42](http://lh.rdcpix.com/960ee47e8eb3d6ea5a690881e164459fl-f3115806595r.jpg)

![1849 Parallel Street - Photo 43](http://lh.rdcpix.com/960ee47e8eb3d6ea5a690881e164459fl-f265267658r.jpg)

![1849 Parallel Street - Photo 44](http://lh.rdcpix.com/960ee47e8eb3d6ea5a690881e164459fl-f2005903742r.jpg)

![1849 Parallel Street - Photo 45](http://lh.rdcpix.com/960ee47e8eb3d6ea5a690881e164459fl-f4249986784r.jpg)

![1849 Parallel Street - Photo 46](http://lh.rdcpix.com/960ee47e8eb3d6ea5a690881e164459fl-f3551649578r.jpg)

![1849 Parallel Street - Photo 47](http://lh.rdcpix.com/960ee47e8eb3d6ea5a690881e164459fl-f1699255315r.jpg)

![1849 Parallel Street - Photo 48](http://lh.rdcpix.com/960ee47e8eb3d6ea5a690881e164459fl-f2501864097r.jpg)

![1849 Parallel Street - Photo 49](http://lh.rdcpix.com/960ee47e8eb3d6ea5a690881e164459fl-f3435728069r.jpg)

![1849 Parallel Street - Photo 50](http://lh.rdcpix.com/960ee47e8eb3d6ea5a690881e164459fl-f2714887761r.jpg)

![1849 Parallel Street - Photo 51](http://lh.rdcpix.com/960ee47e8eb3d6ea5a690881e164459fl-f923036229r.jpg)

![1849 Parallel Street - Photo 52](http://lh.rdcpix.com/960ee47e8eb3d6ea5a690881e164459fl-f1225071117r.jpg)

---

**MLS#:** 26-2773 | **Updated:** 2026-10-29
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/1849-parallel-street-shasta-lake-ca-96019-072f6d12f781418e80f691633bba652b)

---

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