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Waterfront Multifamily Property
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10553 E Hwy 20, Lucerne, CA 95458

Remodeled main residence with three cottages, lake access, and outdoor living areas.

Property SizeContact for details
Days on Market144

Property Features for 10553 E Hwy 20

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: Timothy Toye & Associates
Listed By: Timothy Toye · License #CA01182874
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 29 at 6:23PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Timothy Toye & Associates

Investment Insights

Based on property information with market context.

This waterfront multifamily property includes a remodeled three-bedroom, two-bath main home and three cottages occupied by long-term tenants. Interior improvements include updated tile in the kitchen and bathrooms, a primary suite with a jetted tub and separate shower, and knotty pine detailing. Multiple decks extend the living area outdoors.

The approximately one-third-acre parcel offers 86 feet of lake frontage on Clear Lake, along with a boat slip, pier, and private beach area. The property also has panoramic views toward Clear Lake and Mt. Konocti. Additional space is available for boat or RV parking, supporting both recreational use and the existing residential income arrangement.

Key Highlights

  • Three‑bedroom, two‑bath remodeled main home plus three cottages
  • 86 feet of Clear Lake frontage with boat slip, pier, and beach
  • Long‑term tenants occupy the three cottages

Property Analytics

Current Use

Waterfront Land

Suggested Use

Top Pick Grocery & Convenience Store Real Estate Agency

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

13
Businesses Nearby

Demographics for 95458, CA

3,394
Population
2,113
Households
1.6
Avg Household Size
47
Median Age
7%
College-Educated
92%
High-School Grad
34.9 sq mi
ZIP Area
97
Density / Sq Mi
$49,004
Median Household Income
$32,419
Median Earnings
$1,368
Median Rent
$237,100
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Multifamily property - Remodeled main residence with three cottages, lake access, and outdoor living areas.
Where is this multifamily property located?
The property is located at 10553 E Hwy 20 Lucerne, CA.
What are key features of this property?
This property features: Three‑bedroom, two‑bath remodeled main home plus three cottages; 86 feet of Clear Lake frontage with boat slip, pier, and beach; Long‑term tenants occupy the three cottages
(707) 928-5912 Call to check price and availability
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