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$1,250,000
Est. payment /mo
0.47 Acres Lot
UPDATED:
01/13/2025 08:33 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRLC24210045
Originating Board California Regional MLS
Year Built 1972
Lot Size 0.470 Acres
Property Description
Lakeport Royale Apartments - 15 Royale Ave., Lakeport, Lake County. Seize this lucrative investment opportunity with a 12-unit apartment building in Lakeport. Featuring a mix of 11 desirable 2 bedroom/1 bath and 1 larger 3-bedroom 1 bath units. The building maintains an impressive 90% occupancy rate, with only one unit currently available for showing. Enjoy the convenience of nearby amenities, including grocery stores, shops, restaurants, public transportation, and the stunning Clear Lake within walking distance. Lakeport has witnessed a robust rental market, allowing low vacancies and steady rental demand in recent years. Don't miss out on adding this high-performing asset to your portfolio. Detailed rent roll, income, and expense information are readily available for your review. Make time now to explore this promising Lake County investment opportunity.
Location
State CA
County Lake
Area Lclps - Lakeport South
Rooms
Kitchen Oven Range - Electric, Refrigerator, Oven - Electric
Interior
Heating Central Forced Air
Cooling Central AC
Laundry None
Exterior
Parking Features Common Parking Area, Other, Uncovered Parking
Pool None
Roof Type Composition
Building
Lot Description Grade - Level
Water District - Public
Others
Tax ID 025611370000
Special Listing Condition Not Applicable
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Listed by James Magliulo • Country Air Properties