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JLee Broker

[email protected] +1(650) 857-1000

Listed by Steve Belluomini, DRE #01095848 • Corcoran Icon Properties

$1,100,000

Est. payment - /mo

6,020 SqFt

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UPDATED:

Key Details

Property Type Multi-Family, 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

Source MLSListings, Inc.

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

Tax ID 0 2 8 2 5 1 0 5 0 0 0 0

Special Listing Condition Not Applicable

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Nearby School & Business

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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2815 Lakeshore BLVD Lakeport, CA 95453

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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