3304 Shasta Dam Blvd Spc 160 · Shasta Lake, CA 96019

$149,900

3 bd · 2.0 ba · 1,716 sqft · Manufactured public records · 133 Days on market

Built 2003 $87/sqft · 113% above area ↓ 11% since listing

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Why this score? — see what drove the C+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +28.8/30.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• 1% rule +6.8/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to an exceptional triple-wide manufactured home in the desirable Twin Lakes Mobile Home Park, a peaceful 55+ community in Shasta Lake City. This super clean home shows true pride of ownership and offers a spacious split floor plan that provides privacy and functionality. Enjoy a generous primary suite featuring a large walk-in closet, along with modern updates throughout, elegant plantation shutters, and skylights that fill the home with natural light. Step outside to beautifully landscaped front and back yards—perfect for relaxing or entertaining—and take advantage of the rare 2-car garage for added storage and convenience. Twin Lakes Mobile Home Park offers fantastic amenities including a community pool, recreation room, and a scenic nature trail, creating a resort-style lifestyle right at home. Located just minutes from top local attractions such as Shasta Lake, Shasta Dam, Lake Shasta Caverns, Antlers Bridge, and the Shasta Lake Recreation Area, plus convenient access to shopping, dining, and services in Shasta Lake City and Redding. This is a rare opportunity to own a beautifully maintained home in a highly sought-after 55+ park near some of Northern California's best outdoor recreation!

Key facts

• Rare 2-car garage
• Community pool
• Recreation room

Tags

• TRIPLE-WIDE MANUFACTURED HOME
• SPACIOUS SPLIT FLOOR PLAN
• LARGE WALK-IN CLOSET
• RARE 2-CAR GARAGE
• COMMUNITY POOL
• RECREATION ROOM

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $150k.

Deal economics

• At list price, monthly cash flow is $503 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $132k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.3% vs local median 3.8% in Shasta Lake — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 65/100 on livability (#399 in CA) — a middle-class / working-renter tenant base. Strengths: housing A+, health & safety A+, commute A; Watch: employment C-, schools D-, crime F.
• Gateway Unified (suburban): math 25% / reading 35% proficiency, ranked #355 of 517 in CA (top 69%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 93 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 246 units permitted in Shasta County in 2024 (0 in 5+ unit buildings).
• This rent runs 31% of the median local income ($67k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Shasta County population projected to shrink 9% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $42k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 133 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $19k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Climate carrying-cost: major wildfire risk; extreme-heat days projected 7→17/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $131,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 133 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.18% ✓
• Cap rate: 10.32%
• Cash-on-cash: 14.39%
• DSCR: 1.64
• GRM: 7.1

CMA / ARV

• ARV (median comp): $70,214
• List price: $149,900
• Delta: 113.49%
• Verdict: OVERPRICED
• Comps: 12 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3304 Shasta Dam Blvd #181	0.10mi	3/2.0	1,716 (0%)	16mo	$72,500	$42	82
3304 Shasta Dam Blvd Spc 124	0.07mi	3/2.0	1,508 (-12%)	2mo	$148,000	$98	75
3304 Shasta Dam Blvd #131	0.18mi	3/2.0	1,560 (-9%)	7mo	$94,000	$60	71
3304 Shasta Dam Blvd #96	0.12mi	2/2.0 (-1)	1,536 (-10%)	3mo	$69,000	$45	69
3304 Shasta Dam Blvd #180	0.09mi	2/2.0 (-1)	1,494 (-13%)	23mo	$220,000	$147	50

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 4.7%
• Equity multiple: 1.18×
• Total profit: $7,709
• Equity at exit: $22,351

10-year hold

• IRR: 14.2%
• Equity multiple: 2.14×
• Total profit: $47,739
• Equity at exit: $12,961

Cash invested: $41,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 18 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City: — inherits STATE

AB1482 statewide rent cap (10% + CPI). Cities (SF/LA/Berkeley) layer stricter rules. Just-cause statewide.

Methodology + full state rankings →

ZIP-level market 96019

• Active inventory: 93
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $1,762 medium
• Mortgage (P&I): −$786
• Tax from tax record: −$40 /mo · $477/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$370
• Net cashflow: $503

Break-even live

Break-even rent $1,124

Max offer price $149,900

Occupancy floor 66%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
13710 Pit St Shasta Lake, CA	2.0	1.0	1165	$1,475	$1.27	43d	1	0.59mi
17875 Walker Mine Rd Redding, CA	4.0	2.5	2112	$2,195	$1.04	13d	1	1.46mi

Listing history 21 events

1. 2026-06-19
   days on market $149,900 Active 133 DOM
2. 2026-06-18
   days on market $149,900 Active 132 DOM
3. 2026-06-17
   days on market $149,900 Active 131 DOM
4. 2026-06-16
   days on market $149,900 Active 130 DOM
5. 2026-06-15
   days on market $149,900 Active 129 DOM
6. 2026-06-14
   days on market $149,900 Active 127 DOM
7. 2026-06-13
   days on market $149,900 Active 126 DOM
8. 2026-06-10
   days on market $149,900 Active 124 DOM
9. 2026-06-09
   days on market $149,900 Active 123 DOM
10. 2026-06-08
    days on market $149,900 Active 122 DOM
11. 2026-06-07
    pricedays on market $149,900 Active 121 DOM
12. 2026-06-03
    days on market $159,900 Active 117 DOM
13. 2026-06-02
    days on market $159,900 Active 116 DOM
14. 2026-06-01
    days on market $159,900 Active 115 DOM
15. 2026-05-31
    days on market $159,900 Active 114 DOM
16. 2026-05-30
    days on market $159,900 Active 113 DOM
17. 2026-04-17
    price $159,900 1231-char remark

    Show marketing remark (1231 chars)

    Welcome to an exceptional triple-wide manufactured home in the desirable Twin Lakes Mobile Home Park, a peaceful 55+ community in Shasta Lake City. This super clean home shows true pride of ownership and offers a spacious split floor plan that provides privacy and functionality. Enjoy a generous primary suite featuring a large walk-in closet, along with modern updates throughout, elegant plantation shutters, and skylights that fill the home with natural light. Step outside to beautifully landscaped front and back yards—perfect for relaxing or entertaining—and take advantage of the rare 2-car garage for added storage and convenience. Twin Lakes Mobile Home Park offers fantastic amenities including a community pool, recreation room, and a scenic nature trail, creating a resort-style lifestyle right at home. Located just minutes from top local attractions such as Shasta Lake, Shasta Dam, Lake Shasta Caverns, Antlers Bridge, and the Shasta Lake Recreation Area, plus convenient access to shopping, dining, and services in Shasta Lake City and Redding. This is a rare opportunity to own a beautifully maintained home in a highly sought-after 55+ park near some of Northern California's best outdoor recreation!

18. 2026-02-20
    price $164,900 1231-char remark

    Show marketing remark (1231 chars)

    Welcome to an exceptional triple-wide manufactured home in the desirable Twin Lakes Mobile Home Park, a peaceful 55+ community in Shasta Lake City. This super clean home shows true pride of ownership and offers a spacious split floor plan that provides privacy and functionality. Enjoy a generous primary suite featuring a large walk-in closet, along with modern updates throughout, elegant plantation shutters, and skylights that fill the home with natural light. Step outside to beautifully landscaped front and back yards—perfect for relaxing or entertaining—and take advantage of the rare 2-car garage for added storage and convenience. Twin Lakes Mobile Home Park offers fantastic amenities including a community pool, recreation room, and a scenic nature trail, creating a resort-style lifestyle right at home. Located just minutes from top local attractions such as Shasta Lake, Shasta Dam, Lake Shasta Caverns, Antlers Bridge, and the Shasta Lake Recreation Area, plus convenient access to shopping, dining, and services in Shasta Lake City and Redding. This is a rare opportunity to own a beautifully maintained home in a highly sought-after 55+ park near some of Northern California's best outdoor recreation!

19. 2026-02-06
    listed $168,900 Active 1231-char remark

    Show marketing remark (1231 chars)

    Welcome to an exceptional triple-wide manufactured home in the desirable Twin Lakes Mobile Home Park, a peaceful 55+ community in Shasta Lake City. This super clean home shows true pride of ownership and offers a spacious split floor plan that provides privacy and functionality. Enjoy a generous primary suite featuring a large walk-in closet, along with modern updates throughout, elegant plantation shutters, and skylights that fill the home with natural light. Step outside to beautifully landscaped front and back yards—perfect for relaxing or entertaining—and take advantage of the rare 2-car garage for added storage and convenience. Twin Lakes Mobile Home Park offers fantastic amenities including a community pool, recreation room, and a scenic nature trail, creating a resort-style lifestyle right at home. Located just minutes from top local attractions such as Shasta Lake, Shasta Dam, Lake Shasta Caverns, Antlers Bridge, and the Shasta Lake Recreation Area, plus convenient access to shopping, dining, and services in Shasta Lake City and Redding. This is a rare opportunity to own a beautifully maintained home in a highly sought-after 55+ park near some of Northern California's best outdoor recreation!

20. 2025-06-16
    price $169,900
21. 2025-05-06
    listed $178,900 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CA · Resets to sale price

• Current annual tax: $477 · $40/mo
• Projected year-2 tax: $1,139 · $95/mo
• Expected delta: +$662/yr (+$55/mo · 138.6%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 7/10 Severe
• 🌡 Heat 8/10 Severe 7 d/yr ≥105°F today · 17 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 10/10 Extreme 44 unhealthy d/yr today · 46 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,141
• − Mortgage interest: −$8,397
• − Property taxes: −$477
• − Insurance: −$750
• − Repairs & maintenance: −$1,691
• − Management: −$1,691
• − Depreciation: −$4,361
• Taxable income: $3,774
• Est. tax owed @ 24.0%: −$906
• After-tax cash flow: $5,135/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Gateway Unified
• NCES district ID: 0614950
• Math proficiency: 25% ▼ -5.00%
• Reading proficiency: 35% ▲ 2.00%
• Median HH income: $41,888
• Composite: 25.39/100
• National rank: #7465
• State rank: #355 of 517 in CA

Livability — Shasta Lake

• Score: 65/100
• State rank: #399
• US rank: #13546

Category grades

Amenities F Commute A Cost of living D- Crime F Employment C- Housing A+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Shasta Lake, CA
• County: Shasta County · 147,641 people
• City population: 10,350
• Metro: Redding, CA
• Population (ZIP): 10,350
• Household income: $67,446
• Rent vs Own: 31.8% rent · 68.2% own
• Severe rent burden: 260.0

Population outlook (Shasta County) Hauer SSP2

• Today (2025): 179,231 people
• By 2030: 176,953 · -1.3%
• By 2040: 169,982 · -5.2%
• By 2050: 162,547 · -9.3%
• By 2075: 145,649 · -18.7%
• By 2100: 123,025 · -31.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (77%)
• Race & ethnicity: White 77% Two or more races 12% Hispanic / Latino 9% Asian 4% Native American 2%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Russian 4% Romanian 4% Italian 4%
• Foreign-born: 2% · Canada
• Languages at home: 94% English-only · Spanish 4% Other Asian/Pacific 1%

Political lean MEDSL · Shasta

• 2024 margin: Solid R (+36.5) · D 30.5% · R 67.0% · Other 2.5%
• 2008→2024 swing: -10.7pp toward R · 2008: -25.8pp · 2024: -36.5pp
• All cycles: 2024: R+36.5 2020: R+33.1 2016: R+37.4 2012: R+30.3 2008: R+25.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -194.66%
• Current HPI: 170.6085
• Rent YoY: —
• Metro: Redding, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

-10.6% since first listed

5 events — show timeline

• 2026-04-17 Price Changed $159,900 SAOR
• 2026-02-20 Price Changed $164,900 SAOR
• 2026-02-06 Listed $168,900 SAOR
• 2025-06-16 Price Changed $169,900 SAOR
• 2025-05-06 Listed $178,900 SAOR

Property tax history

+2.3%/yr

Latest (2020): $477 · +50.5% YoY. Source: county tax records.