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    4584 Terrace Ave S Lakeport, CA 95453

    Pending
    For Sale
    $599,500

    Apartment - Lakeport, CA

    Type:Apartment
    Property size:
    4,800 SF
    Lot size:
    13,939.00 Acres
    Days on Market:
    10
    Last Refresh:
    Dec 14 at 7:06 pm

    Property Features for 4584 Terrace Ave S

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Apartment
    Standard status
    Pending
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    11
    Bathrooms
    6
    APN
    029121290000
    Parking
    5
    Exterior features
    Community Features Included: Biking, Fishing, Foothills, Golf, Hiking, Lake, Hunting, Watersports, 2-5 Units/Acre, Back Yard, Front Yard, Level
    Size
    4,800 SF
    Lot size
    13,939.00 Acres

    Utilities

    Heating system
    Baseboard
    Cooling system
    Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Year built
    1983
    Floors in Building
    2
    Number of units
    5
    Architectural style
    Other

    Country Air Properties (707) 349-1008 [email protected]

    Listing agent James Magliulo (707) 263-2620 License #01852966

    Listing date Dec 5, 2025

    MLS# LC25245051 Listing URL

    Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Well-Maintained 5-Unit Income Property

    This is a 5-unit income property that is fully rented and well-maintained. The units are larger than average and separately metered for electricity. Ample parking is available, along with individual tenant storage units, and a shared laundry room with a washer and dryer. A spacious common area and backyard patio enhance tenant appeal. The property is located in a quiet neighborhood with light traffic. The property size is 4800 square feet and the lot size is 0.3199954086317723 acres. This property is ideal for investors seeking a turnkey asset with minimal management needs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Dental Office Auto Repair Shop Clothing Store Gym & Fitness Hotel & Motel Pharmacy Department Store Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lakeport
    County
    Lake
    State
    California
    Longitude
    -122.901372
    Latitude
    39.0983886

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    FAQs

    What type of property is this?
    Apartment building - Fully rented apartment complex in a quiet Lakeport neighborhood.
    Where is this apartment building located?
    The property is located at 4584 Terrace Ave S Lakeport, CA.
    What is the asking price?
    The asking price for this property is $599,500.
    What are key features of this property?
    This property features: - Fully rented 5-unit income property, providing immediate and steady cash flow.; - Larger-than-average units, increasing tenant appeal and potential rental income.; - Separately metered electricity for each unit, simplifying utility management and billing.
    (707) 263-2620
    Request Owner's contact information
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    Lakeport, CA 95453
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4584 Terrace Ave S Lakeport, CA 95453
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