Waterfront Duplex with Private
New
For Sale
$299,000
13278 Driftwood, Clearlake Oaks, CA 95423
Clearlake Oaks, CA
Property Size2,166 SF
Lot Size0.20 Acres
Price / SF$138.04
Days on Market3
Property Features for 13278 Driftwood
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 4, Bathroom 1, Bedroom 2, Bedroom 1, Laundry Room, Bedroom 4, Bathroom 2, Bathroom 3
Parking
2
Parking features
Garage, Driveway, Boat
Patio and Porch features
Deck
Interior features
Beamed Ceilings, Laminate Counters, Quartz Counters, Unfurnished, High Ceilings, Ceiling Fan(s), Living Room Deck Attached, Two Story Ceilings, Open Floorplan
Exterior features
Boat Slip
Fireplace
1
Appliances
Trash Compactor, Dishwasher
Lot features
0-1 Unit/ Acre
View
Hills
Elementary school district
Konocti Unified
Middle school district
Konocti Unified
High school district
Konocti Unified
Directions
Hwy 20 to Keys Blvd, left on Driftwood
Subdivision
LCKEY - Clearlake Keys
Standard status
Active
APN
035791370000
Size
2,166 SF
Lot size
0.20 Acres
Taxes and HOA fees
HOA Fee
$144 Annually
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Ductless
Water source
Public
Amenities
private dock
deck
water views
mountain views
energy-efficient ductless mini-splits
Building Details
Year built
1988
Floors in Building
2
Number of units
2
Flooring type
Vinyl, Laminate
Building materials
Stucco
Listing Agency:
Shore Line Realty, Inc.
(707) 998-1137
Listed By:
Lois Langlais · License #01443716
(925) 785-8625
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 16 at 7:06AM
MLS# LC26223381
Copyright © 2026 Lake County Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2,166-square-foot duplex in Clearlake Oaks contains two mirrored, two-story residences, each with 2 bedrooms, 2 full bathrooms, a private entrance, a separate driveway, and an attached 2-car garage. The 0.2-acre property includes a private dock and decks on both levels, including upper bedroom decks and lower waterfront decks. Ductless heating and cooling serve both residences. Unit B has upgraded kitchen appliances, quartz countertops in the kitchen and bathrooms, and luxury vinyl plank flooring.
The property sits on the waterfront and offers water and mountain views. Public water and sewer are available, and the building was constructed in 1988.
The property sits on the waterfront and offers water and mountain views. Public water and sewer are available, and the building was constructed in 1988.
Key Highlights
- 2,166‑square‑foot duplex on a 0.2‑acre lot
- Two residences, each with 2 bedrooms and 2 full bathrooms
- Each residence has an attached 2‑car garage and separate driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,543
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,860
$370.9K
Cap Rate 7%
$264,900
$264.9K
Cap Rate 9%
$206,033
$206.0K
Market Conditions
NOI Build-Up for 2,166 SF
Gross rent
$27.8K $12.84/SF
− Vacancy
−$1.3K −$0.61/SF
EGI
$26.5K $12.23/SF
− OpEx
−$7.9K −$3.67/SF
NOI
$18.5K $8.56/SF
Area
Lake County, CA
Vacancy
4.75%
Lease Rate
$12.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,860
Cap Rate 7%
$264,900
Cap Rate 9%
$206,033
Alternative Uses
Best Use
Multifamily LT 5
$264.9K
$231.8K – $309.1K
NOI $18,543 @ 7.0% cap · market cap 6.20%
Second Best
Apartment 5plus
$244.5K
$213.9K – $285.2K
NOI $17,112 @ 7.0% cap · market cap 5.72%
Theoretical Best
Office A
$869.3K
$760.7K – $1.01M
NOI $60,854 @ 7.0% cap · market cap 20.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Explore this area
Business Placement
Demographics for 95423, CA
4,232
Population
2,418
Households
1.8
Avg Household Size
54
Median Age
21%
College-Educated
93%
High-School Grad
122.4 sq mi
ZIP Area
35
Density / Sq Mi
$43,170
Median Household Income
$39,803
Median Earnings
$1,350
Median Rent
$285,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two mirrored residences each have separate entrances, driveways, and attached garages.
Where is this duplex located?
The property is located at 13278 Driftwood Clearlake Oaks, CA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 2,166‑square‑foot duplex on a 0.2‑acre lot; Two residences, each with 2 bedrooms and 2 full bathrooms; Each residence has an attached 2‑car garage and separate driveway
