150 Clearlake Avenue, Lakeport, CA 95453
MULTI_FAMILY - Lakeport, CA
- Added:
- May 20, 2026
- Days on Market:
- 23
- Last Refresh:
- Jun 11 at 10:06 pm
Property Features for 150 Clearlake Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 7
- Rooms
- Bathroom 2, Bathroom 6, Bedroom 1, Bathroom 4, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 1, Bathroom 7, Bathroom 5, Bedroom 2
- Parking
- 8
- Parking features
- Garage, Covered, Off Street
- Patio and Porch features
- Deck, Patio
- Exterior features
- Private Yard
- Fireplace
- 1
- Appliances
- Dishwasher, Electric Cooktop
- Standard status
- Active Under Contract
- APN
- 026242020000
- Size
- 3,300 SF
- Lot size
- 0.30 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Ductless (Heating), Fireplace Insert, Fireplace(s)
- Cooling system
- Wall Unit(s), Central Air, Ductless
- Water source
- Public
Building Details
- Year built
- 1950
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Wood, Carpet, Laminate
- Roof type
- Composition
Listing agent Bridget King License #02086783 (707) 318-1638
Listing office Luxe Places International Realty 170 N Main St, CA (707) 263-3300
Listing date May 20, 2026
Copyright © 2026 Bay Area Real Estate Information Services, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Main house offers 3 bedrooms and 3.5 bathrooms with 1,866 SF; has high ceilings and ornate Victorian details
- All 3 bedrooms in the main house have private ensuite bathrooms and individual outside access
- Second unit is approx. 750+/- SF with 1 bedroom and 1 bathroom, currently rented for $1,200/month
- Main house was recently rented for $2,400/month and could be leased again
- Includes 6 off‑street paved parking spaces (back alley access) plus 2 one‑car garages
- Set on a 13,000+ SF fenced lot with mature landscaping, plus deck and patio areas and a private yard
Overview
The property is located near downtown and within walking distance to the lake, park, restaurants, and shopping, offering convenient access for residents and short-stay guests. Off-street paved parking is available, with six spaces accessed from the back alley, plus two one-car garages. The home was previously used as a bed and breakfast, which is reflected in the bedroom-by-bedroom private access.
With independent outside access and ensuite layouts, this setup can suit buyers seeking a primary residence paired with rental income, or an operator looking for a residential income property with two distinct units. The combination of separate decks, outdoor access, and parking/garage options supports straightforward day-to-day usability for tenants.
Local 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 | $42.4k | $12.84 |
| − Vacancy | −$2.0k | −$0.61 |
| EGI | $40.4k | $12.23 |
| − OpEx | −$12.1k | −$3.67 |
| NOI | $28.3k | $8.56 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Lakeport
- County
- Lake
- State
- California
- Longitude
- -122.915576
- Latitude
- 39.050149
