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(650) 219-8700
RE/MAX CAPITAL
13955 Lakeshore Dr, Clearlake, CA 95422
- $879,000
Listed by Musa Mojaddedi, (510) 999-1997 from Excel Realty
(If provided) CoList: from
- List Price
- $879,000
- MLS#
- BE41152457
- Status
- ACTIVE
- Lot Size
- 20,473
- Listing Area
- Other Area
- Year Built
- 1955
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.
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Additional Information
- Acres
- 0.47
- Amenities
- Balcony/Patio, Other
- Cooling System
- Other, Ceiling Fan
- Exterior Features
- Stucco
- Floor Covering
- Other
- Garage Parking
- Parking Area
- Heating System
- Wall Furnace
- Lot Description
- Other
- Lot Size
- 20,473
- Neighborhood
- Other Area
- Numberof Units
- 10
- Unincorporated Yn
- Yes
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