15-Unit Apartment
For Sale
$1,300,000
3871 Country Club DR, Clearlake, CA 95422
Three buildings and a separate vacant lot span multiple parcels.
Property Size8,096 SF
Lot Size1.23 Acres
Price / SF$160.57
Days on Market50
Property Features for 3871 Country Club DR
General Information
Standard status
Active
Size
8,096 SF
Lot size
1.23 Acres
Property subtype
Five or More Units
Additional Details
Multifamily Units
15
Building Details
Year Built
1953
Buildings
3
Listing Agency:
Intero Real Estate Services
Listed By:
Carlos Padilla · License #01342889
(408) 887-6420
Source:
Padillaregroup
Added: Sep 16
Changed: Nov 3
Last Checked: Nov 3 at 8:35AM
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 Intero Real Estate Services
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 15-unit apartment property comprises three buildings and a separate vacant lot on 1.23 acres divided among three parcels. The property totals 8,096 square feet and dates to 1953. Electrical panels have been replaced throughout, and all AC units were replaced within the past 10 years. Several apartments have been renovated; the remaining units are described as maintained in original condition.
The property is located at 3871 Country Club Drive in Clearlake, California. Its three-parcel configuration includes addresses on Country Club Drive at 3871, 3890, and 3891.
The property is located at 3871 Country Club Drive in Clearlake, California. Its three-parcel configuration includes addresses on Country Club Drive at 3871, 3890, and 3891.
Key Highlights
- 15 apartment units across three buildings
- 1.23‑acre site divided among three parcels, plus a vacant lot
- 8,096 square feet; built in 1953
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,960
Cap Rate
4.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,279,200
$1.3M
Cap Rate 7%
$913,714
$913.7K
Cap Rate 9%
$710,667
$710.7K
Market Conditions
NOI Build-Up for 8,096 SF
Gross rent
$122.4K $15.12/SF
− Vacancy
−$6.1K −$0.76/SF
EGI
$116.3K $14.36/SF
− OpEx
−$52.3K −$6.46/SF
NOI
$64.0K $7.90/SF
Area
Lake County, CA
Vacancy
5.00%
Lease Rate
$15.12 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,279,200
Cap Rate 7%
$913,714
Cap Rate 9%
$710,667
Alternative Uses
Best Use
Apartment 5plus
$913.7K
$799.5K – $1.07M
NOI $63,960 @ 7.0% cap · market cap 4.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.25M
$2.84M – $3.79M
NOI $227,457 @ 7.0% cap · market cap 17.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
15
Residential units
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
Explore this area
Business Placement
Demographics for 95422, CA
17,017
Population
7,890
Households
2.2
Avg Household Size
38
Median Age
8%
College-Educated
80%
High-School Grad
26.9 sq mi
ZIP Area
633
Density / Sq Mi
$42,080
Median Household Income
$28,945
Median Earnings
$1,162
Median Rent
$206,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Three buildings and a separate vacant lot span multiple parcels.
Where is this apartment building located?
The property is located at 3871 Country Club DR Clearlake, CA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 15 apartment units across three buildings; 1.23‑acre site divided among three parcels, plus a vacant lot; 8,096 square feet; built in 1953
