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Listed by Musa Mojaddedi, DRE #02007720 • Excel Realty
$ 879,000
Est. payment /mo
New
13955 Lakeshore Dr Clearlake, CA 95422
7,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 7,000 sqft
Price per Sqft $125
MLS Listing ID BE41152457
Year Built 1955
Lot Size 0.470 Acres
Property Sub-Type Five or More Units
Source Bay East
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.
Location
State CA
County Lake
Area Other Area
Interior
Heating Wall Furnace
Cooling Other, Ceiling Fan
Flooring Other
Exterior
Exterior Feature Stucco
Parking Features Parking Area
Garage Spaces 10.0
Building
Lot Description Other
Others
Tax ID 039-131-090000
Special Listing Condition New
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