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+19094654693
Top Producers Realty Partners
13955 Lakeshore Dr, Clearlake, CA 95422
- $879,000
- List Price
- $879,000
- Status
- ACTIVE
- MLS#
- 41152457
- Year Built
- 1955
- Lot Size
- 20,473
- Acres
- 0.47
- Days on Market
- 1
- Property Type
- Multifamily
- Neighborhood
- Other
Property Description
Just Listed — 13955 Lakeshore Dr, Clearlake, CA 95422 A fantastic lakefront investment with a cap rate over 10%: 10 units — five 2-bedroom/1-bath, two 1-bedroom/1-bath, and three studios — including a private dock on the lake, an office, and an owner storage area, across 7,000 sq ft of building space with 10 parking spaces. This is scale and diversity in a single offering. The unit mix spans spacious two-bedrooms to efficient studios, broadening the tenant base, while each unit is individually metered and the owner pays water, trash, sewer, and storage — an operations setup that keeps management straightforward. Much of the capital work is already behind you: most units have been recently renovated, with new windows and freshly painted interiors and exteriors. The property also sits in a designated Opportunity Zone, offering potential tax benefits for investors, and is close to stores, shops, and public transportation. Double-digit returns, multi-unit income, and a lakefront location — a combination investors rarely see in one offering.
Additional Information
- Heat
- See Remarks, Wall Furnace
- Cooling
- Yes
- Cooling Description
- See Remarks
- Exterior Construction
- Stucco
- Attached Structure
- Detached
- Number Of Units Total
- 10
Listing courtesy of Listing Agent: Musa Mojaddedi (m_mojaddedi@yahoo.com) from Listing Office: Excel Realty.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.