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$1,100,000
Est. payment /mo
0.48 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82047351
HOA Y/N No
Year Built 1963
Annual Tax Amount $12,296
Lot Size 0.485 Acres
Property Description
Exclusive Investment Opportunity in Sacramento, CA This well-located multifamily asset near Lakeshore Boulevard in Lakeport presents a compelling opportunity for investors seeking stable cash flow with meaningful upside. With a majority of units in clean, original condition and key system upgrades already completed, investors are well-positioned to enhance value through strategic improvements and operational efficiencies. Seller is offering the additional lot for $200,000, presenting a rare chance to expand unit count and maximize overall project value. Spanning approximately ±35,501 square feet, this parcel is zoned R3, allowing for higher-density residential development. Investors and developers have the ability to construct additional units in the rear, creating a compelling value-add or ground-up development play in a supply-constrained market.
Location
State CA
County Lake
Area 699 - Not Defined
Zoning R3
Interior
Fireplace No
Exterior
Carport Spaces 23
Utilities Available Other
Roof Type Other
Building
Water Other
Schools
School District Lakeport Unified
Others
Tax ID 0 2 8 2 5 1 0 5 0 0 0 0
Special Listing Condition Standard
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Listed by Steve Belluomini Corcoran Icon Properties #01095848
Nearby School & Business
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