Bought with Sally Kalaveras • Sally Kalaveras Broker
$2,049,000
$1,949,000
5.1%For more information regarding the value of a property, please contact us for a free consultation.
0.51 Acres Lot
SOLD DATE : 07/28/2022
Key Details
Sold Price $2,049,000
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 322031527
Sold Date 07/28/22
HOA Y/N No
Year Built 1988
Lot Size 0.510 Acres
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 acre parcel with ample parking options consisting of 15 covered assigned undercover spaces, plus additional 17 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.
Location
State CA
County Lake
Area Lake County
Interior
Heating Central
Cooling Central, Separate
Flooring Carpet, Linoleum, Vinyl
Exterior
Garage Carport, Covered, Open
Garage Spaces 32.0
Utilities Available Cable Available, Internet Available
Roof Type Flat
Building
Foundation Slab
Sewer Sewer Connected
Water Water District
Architectural Style Traditional
Others
Special Listing Condition Other
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Copyright 2024 , Bay Area Real Estate Information Services, Inc. All Right Reserved.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "