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Listed by Steve Belluomini • Corcoran Icon Properties, DRE#01095848
$ 1,100,000
Est. payment | /mo
6,020 SqFt
$ 1,100,000
Est. payment | /mo
6,020 SqFt
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 6,020 sqft
Price per Sqft $182
MLS Listing ID ML82047351
Year Built 1963
Lot Size 0.485 Acres
Property Sub-Type Five or More Units
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 Lake County
Zoning R3
Interior
Heating Other
Cooling Other
Exterior
Parking Features Parking Area
Utilities Available Other
Roof Type Other
Building
Foundation Concrete Slab
Sewer Other
Water Other
Others
Restrictions None
Tax ID 0 2 8 2 5 1 0 5 0 0 0 0
Security Features Other
Special Listing Condition Not Applicable
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John Faylor
Realtor | Lic# 1065896