Address
902 S Forbes Street Lakeport, CA
Price
$ 2,450,000
Property Attributes
  • MLS#LC21080108
  • TypeIncome
  • CountyLAKE
  • CityLakeport
  • AreaLakeport North
  • Zip95453
  • StyleTraditional
  • Price$ 2,450,000
  • Bedrooms15
  • Full Bathrooms15
  • Half Bathrooms0
  • Lot Size0.51 Acres
Listing Provided Courtesy Of:
Denise Marino with RE/MAX Gold Lake County.
Data Source:
CRMLS
Property Description

15 Unit multifamily apartment complex in desirable Lakeport location. The building offers varied unit mix comprised of 4- 3BD 1BA, 2- 1BD 1BA, 9-2BD 1.5BA. Units are individually metered for propane and electricity, paid by tenants. All units occupied with several long term tenants. Property is situated on a ½ acre parcel with ample parking options consisting of 15 covered assigned undercover spaces, plus additional 15 uncovered assigned spaces. The property has been under the current ownership for 15 years, and has been maintained and personally managed during this time. Conveniently located and within walking distance to grocery stores, pharmacy, restaurants, downtown area and a stones through to the lake. Lakeport has experienced strong rent growth in the last few years while vacancies remain at a historic low. Perfect for a 1031 exchange buyer looking to grow their portfolio or for an investor looking for a solid investment property. (Sqf, age, permits, property lines, lot size, not verified by agents)

Price History
4/23/2021 Listed $2,450,000

General Features

Appliances Built-In Range, Electric Range, Refrigerator
Architectural Style Traditional
Carport Spaces 15
Carport Y/N Yes
Co-Listing Agent State License # 01403758
Community Features Gutter(s)
Construction Materials Wood Siding
Cooling Central Air
Electric Electricity - On Property
Flooring Carpet, Laminate, Vinyl
Heating Central
Levels Multi/Split
Listing Agent Denise Marino - BRE#01375525
Listing Agent State License 01375525
MLS Area LCLPN - Lakeport North
Open Parking Spaces 17
Parking Features Attached Carport, Assigned, Asphalt
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Roof Flat
Security Features Carbon Monoxide Detector(s)
Sewer Public Sewer
Special Listing Conditions Standard
Terms Cash, Cash to New Loan, 1031 Exchange
Total Actual Rent 197250
Total Units 15
Utilities Cable Connected, Electricity Connected, Propane, Sewer Connected, Water Connected
Water Sewer Expense 16484

Interior Features

Air Conditioning Y/N Yes
Common Walls 2+ Common Walls
Fireplace Features None
Heating Y/N Yes
Laundry Features Common Area, Laundry Room

Exterior Features

Fencing Good Condition
Foundation Details Slab
Lot Features 11-15 Units/Acre, Cul-De-Sac, Level
Lot Size Acres 0.51
Lot Size Area 22216
Lot Size Source Assessor
Lot Size Square Feet 22216
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 15
Number of Separate Gas Meters 15
Number of Separate Water Meters 1
Total Parking 32
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 95453

Price
AVG $1.05M
$2.45M
Visits
AVG 53
22
Year Built
AVG 1949
1988
Walkscore
AVG 35
69
Data Provided by Walkscore ® not using MLS data

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