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Listing 16 out of 120
Sold for $363,000 Sold

13520 Lower Lakeshore Drive
Clearlake, CA 95422

6 units | Multi Family Home
10019 sq ft lot - MLS# OC18268234
Property Photo

Sold

Sold for $363,000 on Mar 12, 2019

Description

JUST LISTED - CHARMING LAKEFRONT VILLAGE - 6 UNITS - Excellent income producing property. Five Country Cottages + Large Lake Front Cabin + Laundry Room + Storage Room. New exterior paint. Front House was rebuilt in 2016. Great location near town and shopping. Includes 2nd lot with 25' of Lakefront access. Boat launch ramp is 2 lots over. - PLEASE DO NOT DISTURB OR CONTACT TENANTS.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi Family Home
  • Listing Status: Closed
  • Listing Price: $450,000
  • Zip Code: 95422
  • Year Built: 2016
  • Units: 6 units
  • # of Parking Spaces: 8.00
  • Fireplace: Family Room, Yes
  • Lot Size: 10019 sq ft lot
  • View: Lake,Trees/Woods,Water, Yes
  • Waterfront: Lake,Lake Front
  • Area: LCCP - Clearlake Park
  • Appliances: Electric Oven, Electric Range, Electric Water Heater, Refrigerator
  • Appliances YN: Yes
  • Average 1 Bed Area: 425
  • Average 2 Bed Area Units: Square Feet
  • Average 3 Bed Area: 1043
  • Average 3 Bed Area Units: Square Feet
  • Average Studio Area: 400
  • Average Studio Area Units: Square Feet
  • Building Area Total: 3287.00
  • Building Area Units: Square Feet
  • Cap Rate: 9.05
  • Community Features: Storm Drains
  • Cooling: Wall/Window Unit(s)
  • Cooling YN: Yes
  • Country: US
  • Directions: Take Lakeshore Drive to Lower Lakeshore Drive
  • Electric: Standard
  • Electric Expense: 600.00
  • Gross Income: 62220.00
  • Gross Multiplier: 7.23
  • Gross Operating Income: 60375.00
  • Gross Scheduled Income: 62220.00
  • Heating: Electric
  • Heating YN: Yes
  • Insurance Expense: 4418.00
  • Laundry Features: Common Area, Dryer Included, Electric Dryer Hookup, Individual Room, Washer Hookup, Washer Included
  • Laundry Income: 720.00
  • Laundry YN: Yes
  • Listing Agent License: 01818468
  • Listing Office License: 01526816
  • Lot Features: 6-10 Units/Acre
  • Lot Size Area: 10019.0000
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • MLS: CRM
  • Maintenance Expense: 1800.00
  • Net Operating Income: 40740.00
  • New Taxes Expense: 4861.00
  • Number Of Buildings: 8
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 6
  • Number Wall AC: 7
  • Number With Range: 6
  • Number With Refrigerator: 6
  • Operating Expense: 21480.00
  • Other Expense: 1845.00
  • Other Expense Description: vacancy
  • Other Structures: Storage
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Selling Agent: David Prewitt
  • Selling Agent License: 01818468
  • Selling Office: Dream Home Estates, Inc.
  • Sewer: Public Sewer
  • Total Actual Rent: 5000.00
  • Total Expenses: 21480.00
  • Trash Expense: 1510.00
  • Uncovered Spaces: 8.00
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Water Sewer Expense: 4712.00
  • Water Source: Public
  • Year Built Source: Seller
  • Sold Price: 363000.00
  • Sold Date: 2019-03-12
Courtesy of Dream Home Estates, Inc., David Prewitt

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Linda Shields, Realtor, GRI, ABR, CRS
Certified Residential Specialist
1675 S. Main St.
Lakeport, CA 95453
Phone: 707-245-6848
Email: lindashields@remax.net

Linda Shields | Re/Max GOLD | Phone: 707-245-6848 |  lindashields@remax.net
Lakeport, CA 95453
Copyright © 2015. Linda Shields, All Rights Reserved

 

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