$2,049,000
$1,949,000
5.1%For more information regarding the value of a property, please contact us for a free consultation.
902 S Forbes ST Lakeport, CA 95453
12,991 SqFt
Key Details
Sold Price $2,049,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 12,991 sqft
Price per Sqft $157
MLS Listing ID LC22069827
Sold Date 07/28/22
HOA Y/N No
Year Built 1988
Tax Year 2021
Lot Size 0.510 Acres
Acres 0.51
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
Rooms
Ensuite Laundry Common Area, Laundry Room
Interior
Laundry Location Common Area,Laundry Room
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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Bought with Sally Kalaveras • Sally Kalaveras, Real Estate Broker