Lakeport, CA 95453,902 S Forbes ST
Listed by Denise Marino • RE/MAX Gold Lake County
Bought with Sally Kalaveras • Sally Kalaveras Broker

$2,049,000

$1,949,000

5.1%
Est.Price: ?

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Est. payment /mo

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

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