Lakeport, CA 95453,902 S Forbes ST
Lakeport, CA 95453,902 S Forbes ST
Lakeport, CA 95453,902 S Forbes ST
Lakeport, CA 95453,902 S Forbes ST
Lakeport, CA 95453,902 S Forbes ST
Lakeport, CA 95453,902 S Forbes ST
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$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 Multi Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID LC22069827

Sold Date 07/28/22

HOA Y/N No

Year Built 1988

Tax Year 2021

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 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)

Location

State CA

County Lake

Area Lclpn - Lakeport North

Interior

Heating Central

Cooling Central Air

Fireplace No

Laundry Common Area, Laundry Room

Exterior

Carport Spaces 15

Fence Good Condition

Utilities Available Cable Connected, Electricity Connected, Propane, Sewer Connected, Water Connected

Roof Type Flat

Total Parking Spaces 32

Building

Lot Description 11-15 Units/Acre, Cul-De-Sac, Level

Water Public

Others

Tax ID 025621170000

Security Features Carbon Monoxide Detector(s)

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Denise Marino • RE/MAX Gold Lake County
Bought with Sally Kalaveras • Sally Kalaveras, Real Estate Broker
agent-avatar

michelle@michellehomesellingteam.com

515 S Myrtle Ave, Monrovia, CA, 91016, USA

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