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Clearlake water front 4 Properties Offered at $4,380,128 CAD in Clearlake, CA
Investment Highlights
- Lake Front with full access and boat launch
- Huge upside potential
- Manufactured Homes along with cottages and multi family units
Executive Summary
This is a project with great upside potential. There are 3 parks that are right next to each other with a total of 5 APN's. Can be combined for approx. 9 acres of useable space. The zoning is for 25 units per acre, There is another park at the end of the street that has spots that just need to be cleaned up and filled with units. Most parks have lake access with a boat launch and docks could be installed. Some have piers and walkways out into the lake. The largest park is pretty much vacant at 4.4 acres ready for your vision of what could be. There are some preliminary drawings for 2 of the parks. Seller would be willing to break them apart with a higher net yield to seller. Seller might be willing to do a carry back of max 50% for term no longer than 5 years.
Taxes & Operating Expenses (Pro Forma - 2026) |
Annual (CAD) |
|---|---|
| Gross Rental Income |
$628,550
|
| Other Income |
$3,430
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$631,980
|
| Taxes |
$37,811
|
| Operating Expenses |
$231,931
|
| Total Expenses |
$269,742
|
| Net Operating Income |
$362,238
|
Taxes & Operating Expenses (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $628,550 |
| Other Income (CAD) | |
|---|---|
| Annual | $3,430 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $631,980 |
| Taxes (CAD) | |
|---|---|
| Annual | $37,811 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $231,931 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $269,742 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $362,238 |
Property Facts
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
|
Cottage Oaks
5645 Old Highway 53, Clearlake, CA 95422 |
Land | 4.30 AC | - | - |
| 5735 Old Highway 53 hwy, Clearlake, CA 95422 | Multifamily | 99,500 SF | 1950 | - |
|
Galaxy Resort
5935 Old Highway 53, Clearlake, CA 95422 |
Multifamily | 15,000 SF | 1961 | - |
|
Southshore Mobile Park
5725 Old Highway 53, Clearlake, CA 95422 |
Multifamily | 10,500 SF | 1952 | - |
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Presented by
B & B Real Estate and Investments LLC
Clearlake water front
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