$900,000
$1,100,000
18.2%For more information regarding the value of a property, please contact us for a free consultation.
2.5 Acres Lot
SOLD DATE : 03/07/2023
Key Details
Sold Price $900,000
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID LC22157949
Sold Date 03/07/23
Construction Status Turnkey
HOA Y/N No
Year Built 1970
Lot Size 2.500 Acres
Property Description
Excellent investment opportunity in North Lakeport! 6 UNIT complex on 2.5 ACRES with lakefront parcel/lake access included. Zoned R3. One level, mostly all renovated and/or furnished units. So many possibilities here.... HUGE vacation rental potential or short/long term rental ready. New exterior/interior paint, new windows, upgraded electrical panels, 6 PGE meters, currently 1 public water/sewer bill (6 more hook ups available!) and the lakefront parcel has its own utility hook ups available and an approx 9 year old seawall. Lake irrigation for landscaping. All units are all electric with window/wall AC. Create your own turn-key lake vacation home business- plenty of parking available for multiple cars and /or boats! Garage/SHOP used by sellers for storage in the back of the property. With R3 zoning, build additional units in the back of the property, or possibly one main home?? Located only minutes into downtown Lakeport, near local schools and hospital and close to public boat launch. Currently two units rented month to month, sellers have left the furnished units available for new owner to decide which rental direction to go. Rental demand is surging, this could be a fantastic opportunity!
Location
State CA
County Lake
Area Lclpn - Lakeport North
Zoning R3
Rooms
Other Rooms Outbuilding, Workshop
Interior
Interior Features Bedroom on Main Level
Heating Electric
Cooling Electric, Wall/Window Unit(s)
Flooring Laminate, Tile
Fireplaces Type None
Fireplace No
Appliance Dishwasher, Electric Cooktop, Electric Oven, Refrigerator, Water Heater
Laundry Common Area, Electric Dryer Hookup, Inside, See Remarks
Exterior
Exterior Feature Lighting, Rain Gutters
Garage Circular Driveway, Driveway Level, Driveway, Garage Faces Front, Off Street, RV Potential, Shared Driveway, Workshop in Garage
Garage Spaces 2.0
Garage Description 2.0
Fence None
Pool None
Community Features Lake, Suburban, Water Sports, Fishing
Utilities Available Electricity Connected, Sewer Connected
Waterfront Description Across the Road from Lake/Ocean,Across the Road Water Frontage,Lake,Lake Front,Lake Privileges,Seawall
View Y/N Yes
View Hills, Lake, Mountain(s), Water
Roof Type Composition
Accessibility Low Pile Carpet, No Stairs
Parking Type Circular Driveway, Driveway Level, Driveway, Garage Faces Front, Off Street, RV Potential, Shared Driveway, Workshop in Garage
Total Parking Spaces 12
Private Pool No
Building
Lot Description 2-5 Units/Acre, Back Yard, Landscaped, Near Public Transit, Rectangular Lot, Street Level
Story One
Entry Level One
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Custom
Level or Stories One
Additional Building Outbuilding, Workshop
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 028041030
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash to New Loan, Conventional, Owner May Carry
Listing Terms Cash to New Loan, Conventional, Owner May Carry
Financing Cash
Special Listing Condition Standard
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Michelle Esquivel
michelle@michellehomesellingteam.comOur team is ready to help you sell your home for the highest possible price ASAP
Bought with Jacqueline Kues • Boss Real Estate & General Appraisal
michelle@michellehomesellingteam.com
515 S Myrtle Ave, Monrovia, CA, 91016, USA