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14097 Lakeshore Dr 8 Unit Apartment Building $1,395,920 CAD ($174,490 CAD/Unit) 11% Cap Rate Clearlake, CA 95422

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INVESTMENT HIGHLIGHTS

  • Panoramic views w/breathtaking scenery.
  • 8 Cabins plus private office w/bathroom.
  • 14097 - 8 Cabins & private office w/bathroom: $1M @ 10.56% Cap Rate
  • Lake frontage, w/private pier, deck & boat lift.
  • Beautiful vacation/resort spot & great Airbnb Venue.
  • 14097 & 14099 - Portfolio sale includes beach front bungalow next door with private beach area and dock: $1.35M @ 9.26% Cap Rate.

EXECUTIVE SUMMARY

Located on the shores of Clear Lake, this multifamily investment opportunity offers 8 cabins, private pier and deck with spectacular panoramic views of the lake and Mount Konocti. Beautiful vacation/resort spot & great Airbnb Venue. Potential Portfolio sale includes 2bd/2ba Bungalow next door.

DATA ROOM Click Here to Access

PROPERTY FACTS

Price $1,395,920 CAD
Price Per Unit $174,490 CAD
Sale Type Investment
Cap Rate 11%
Sale Conditions
1031 Exchange
  • Build to Suit
  • Bulk/Portfolio Sale
No. Units 8
Property Type Multifamily
Property Subtype Apartment
Building Class C
Lot Size 0.34 AC
Building Size 7,200 SF
No. Stories 2
Year Built 1954
Opportunity Zone Yes
Zoning C2-DD - Commercial mixed use

AMENITIES

UNIT AMENITIES

  • Balcony

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 8 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
040-032-060-000
Land Assessment
$257,957 CAD
Improvements Assessment
$343,943 CAD
Total Assessment
$601,900 CAD
  • Listing ID: 32559887

  • Date on Market: 2024-07-23

  • Last Updated:

  • Address: 14097 Lakeshore Dr, Clearlake, CA 95422

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