Two-Level Quadplex Apartment
For Sale
$619,000
65 Royale, Lakeport, CA 95453
MULTI_FAMILY - Lakeport, CA
Property Size3,200 SF
Lot Size0.16 Acres
Price / SF$193.44
Days on Market189
Property Features for 65 Royale
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
4
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 1, Bedroom 3, Bathroom 2
Lot features
Back Yard, Cul-De-Sac
Directions
Main St to Lakeport
Subdivision
LCLPS - Lakeport South
Standard status
Active
APN
025611050000
Lot size
0.16 Acres
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Year built
1965
Floors in Building
2
Number of units
4
Listing Agency:
T.N.G. Real Estate Consultants
(714) 987-3310
Listed By:
Sunny Choi · License #02035072
(562) 330-1000
Added: Jan 26
Changed: Aug 2
Last Checked: Aug 3 at 11:06AM
MLS# PW26018793
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
Two-level quadplex apartment building offering four fully rented units. The property includes approximately 3,200 square feet with a total 6,534 square foot lot. Each unit is configured with two bedrooms and one bathroom. Select units have received cosmetic upgrades, and recent improvements include a new roof. The building was constructed in 1965.
The property is located at 65 Royale Avenue in the heart of downtown Lakeport, just off Main Street. It’s described as highly walkable to nearby shopping, public transportation, dining, and Clear Lake.
With all four units rented, the building provides immediate residential rental occupancy and covered parking as described, supported by the convenient downtown setting.
The property is located at 65 Royale Avenue in the heart of downtown Lakeport, just off Main Street. It’s described as highly walkable to nearby shopping, public transportation, dining, and Clear Lake.
With all four units rented, the building provides immediate residential rental occupancy and covered parking as described, supported by the convenient downtown setting.
Key Highlights
- Four fully rented units in a two‑level quadplex
- Each unit offers two bedrooms and one bathroom
- Approx. 3,200 SF building area
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $41.1k | $12.84 |
| − Vacancy | −$2.0k | −$0.61 |
| EGI | $39.1k | $12.23 |
| − OpEx | −$11.7k | −$3.67 |
| NOI | $27.4k | $8.56 |
3,200 SF · lease $12.84/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$391.4K
$342.4K – $456.6K
NOI $27,395 @ 7.0% cap · market cap 4.43%
Second Best
Apartment 5plus
$361.2K
$316.0K – $421.4K
NOI $25,281 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$1.28M
$1.12M – $1.50M
NOI $89,904 @ 7.0% cap · market cap 14.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
703
Businesses Nearby
Explore this area
Business Placement
Demographics for 95453, CA
11,978
Population
5,488
Households
2.2
Avg Household Size
48
Median Age
24%
College-Educated
93%
High-School Grad
87.0 sq mi
ZIP Area
138
Density / Sq Mi
$66,775
Median Household Income
$44,929
Median Earnings
$1,091
Median Rent
$371,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Fully rented quadplex with four two-bedroom, one-bath units and public water and sewer service.
Where is this quadplex located?
The property is located at 65 Royale Lakeport, CA.
What is the asking price?
The asking price for this property is $619,000.
What are key features of this property?
This property features: Four fully rented units in a two‑level quadplex; Each unit offers two bedrooms and one bathroom; Approx. 3,200 SF building area
