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.

Details

Year Built
1980
Exterior
Wood Siding
HOA
None
Days on Market
1
MLS #
26-2773

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Recently sold nearby

8 closed sales in the last 6 months

SOLD
$363,690
$158/sf · 3bd · 2ba · 2,300 sqft
1400 Median Avenue
0.78 mi away2 days ago
SOLD
$351,000
$252/sf · 3bd · 2ba · 1,391 sqft
3625 Altus Street
1.68 mi away5 days ago
SOLD
$170,500
$160/sf · 3bd · 1ba · 1,064 sqft
5469 Akrich Street
0.84 mi away5 days ago
SOLD
$335,000
$268/sf · 3bd · 2ba · 1,248 sqft
1020 Gray Pine Way
1.16 mi away6 days ago
SOLD
$249,000
$299/sf · 2bd · 1ba · 832 sqft
3914 Red Bluff Street
1.40 mi away12 days ago
SOLD
$320,000
$300/sf · 3bd · 2ba · 1,066 sqft
1045 North Boulevard
1.41 mi away19 days ago
SOLD
$299,900
$283/sf · 3bd · 1ba · 1,058 sqft
1140 Eugene Avenue
0.64 mi away21 days ago
SOLD
$504,000
$283/sf · 3bd · 2ba · 1,781 sqft
4585 Risstay Way
1.13 mi away22 days ago

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This Home Schools Water Nature Urban Mountain

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Shasta Lake market right now

as of May 2026
$295,950
Median sold
57
Days on market
+25.9%
YoY price change

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Listing courtesy of Waterman Real Estate — Justin W Jones.

MLS# 26-2773 · Last updated June 9, 2026

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Real reviews from Shasta County families

5.0★★★★★ 53 five-star reviews — 27 on Google · 26 on Zillow

★★★★★

Mr. Cross did a comprehensive search for a home for my family. Unlike other realtors we've dealt with, most every property Nathan showed us ended up being something we were interested in. He never lost his patience.

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Home buyer · Zillow

★★★★★

Nathan took the time and set up opportunities to view quite a few homes before I found the house I wanted. Nate was great with negotiating a solid deal in a competitive market. I was grateful to have him in my corner.

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Randall C.

Home buyer, Redding · Google

★★★★★

I loved working with Nathan. He listened and provided exactly what my husband and I desired. My first home buying process was very complicated but Nathan was with me every step of the way.

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First-time buyer · Zillow

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Listing data is provided courtesy of the Shasta Association of REALTORS® MLS. Information is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither the listing broker(s) nor Nathan Cross, Realtor shall be responsible for any typographical errors, misinformation, or misprints. © Shasta Association of REALTORS®. All rights reserved.