$475,500
$499,000
4.7%For more information regarding the value of a property, please contact us for a free consultation.
4550 Lakeshore BLVD Lakeport, CA 95453
4,500 SqFt
Key Details
Sold Price $475,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $105
MLS Listing ID LC16092883
Sold Date 08/31/16
HOA Y/N No
Year Built 1947
Property Description
8 unit LAKEFRONT multi-family income property, resort, or hotel/motel. All units have new roofs and gutters, all have new exterior paint, some have been remodeled inside. All 8 units are currently occupied. This is a terrific opportunity for income, or stay in one unit while fishing all day and live off of the rent of the others. Units 1,3,4,5, and 7 have been completely remodeled. Unit 6 has a new kitchen. Many long-term tenants. This is only about a 2 and a half hour drive from the Bay Area, and could make a great summer place that pays for itself, and then some. This place brings an annual NET income of over $50,000. And, did I mention it's on the lakefront! Slide your boat right in, or fish from the pier. Swim if you like.
Location
State CA
County Lake
Area Lclpn - Lakeport North
Interior
Heating Propane, WallFurnace
Fireplace No
Exterior
Exterior Feature BoatSlip, Dock, RainGutters
Garage Asphalt, Driveway, OffStreet, Private, RVPotential, OneSpace, SharedDriveway, Uncovered
Pool None
Community Features Rural, Fishing
Utilities Available Propane, SewerConnected, WaterConnected
Waterfront Description BeachFront,DockAccess,LakeFront,LakePrivileges,NavigableWater,Seawall
View Y/N Yes
View Hills, Lake, Mountains, Neighborhood, Panoramic, Pier, Water
Roof Type Composition,Shingle
Parking Type Asphalt, Driveway, OffStreet, Private, RVPotential, OneSpace, SharedDriveway, Uncovered
Total Parking Spaces 10
Private Pool No
Building
Lot Description Item610UnitsAcre, BackYard, FrontYard, Level, NearPublicTransit, Paved, StreetLevel
Story One
Entry Level One
Foundation Slab
Water Public
Architectural Style Cottage
Level or Stories One
Others
Tax ID 0291211600
Acceptable Financing Cash, CashtoNewLoan, Submit
Listing Terms Cash, CashtoNewLoan, Submit
Financing Conventional
Special Listing Condition Standard
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Bought with Colleen Henninger • City Center Realty