$799,000
1335 W. Scenic Drive
Details
APN 036-131-010
Property Type Multifamily
Sub Type Single Family Rental Portfolio, House with second home
Square Footage 3,750
Units 5
Cap Rate 2.96%
NOI $23,636
Occupancy 100%
Tenancy Single
Brand/Tenant Individual
Rent Bumps No
Price per SqFt $213
Year Built 1952
Year Renovated 2023, 2016
Buildings 2
Stories 2
Acreage 1.600
Zoning Rural Residential
Parking Spaces spaces
Investment Type Stabilized
Multifamily | 2.96% CAP | 2 Units
Marketing description
Mt. Shasta (pop. ~3,400) sits at 3,600 ft elevation at the base of 14,179-ft Mt. Shasta in Siskiyou County — a year-round outdoor recreation destination drawing hikers, skiers, climbers, and wellness seekers from across the world.
The local market benefits from remote-worker relocation demand, limited inventory, and growing short-term rental activity, with consistent long-term appreciation. Scenic Acres is a prime wooded subdivision offering privacy and easy access to town (~2 miles), I-5, and all amenities.
Investment highlights
- Price Reduced to $799,000 Previously $850,000 — motivated seller, strong value at new price point.
- Day-1 Income ADU tenant in place at $1,900/mo — income starts at closing.
- Two Fully Independent Structures Main house (3/3 ~2,300 SF) + guest quarters (2/2 ~1,450 SF) = 3,750 SF total.
- Flexible Strategy Owner-occupy main, rent ADU ($1,900/mo). Or rent both for $4,300/mo gross.
- Seller Financing Available Qualified buyers may inquire — $300K down, 6% IO, 5-yr balloon.
- RRB Zoning Rural Residential Business — may allow additional uses. Buyer to verify.
- Whole House Generator Rare & critical for rural property insurance and tenant retention.
- Turnkey Capital Items New roof, new leach lines, new deck/stairway, rebuilt ADU decks.
Listing Contacts
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$23,636.00
$1,969.67/mo
Valuation Metrics
0
DSCR
2.96%
Cap Rate
2.96%
ROI
Map
Zoning
R-R-B-1 MixedMixed UseRural Residential Agricultural 1 Acres
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View all 17 uses
View all 17 uses Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics
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