Lakefront Multifamily Investment
For Sale
$1,100,000
4550 Lakeshore, Lakeport, CA 95453
Waterfront multifamily property with remodeled units and lake access.
Property Size4,500 SF
Price / SF$244.44
Days on Market149
Property Features for 4550 Lakeshore
General Information
Standard status
Active
Size
4,500 SF
Building Details
Year Built
1947
Listing Agency:
City Center Realty
Listed By:
Colleen Henninger · License #01399891
(707) 245-3032
Source:
Myfabuloushome
Added: May 12
Changed: Sep 10
Last Checked: Oct 5 at 8:55PM
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 City Center Realty
Investment Insights
Based on property information with market context.
This lakefront property features eight waterfront units located on the shores of Clearlake. The property offers views and a peaceful atmosphere. Residents have direct lake access for boating, fishing, kayaking, and swimming. The property includes shared outdoor gathering spaces. The unit mix consists of three studio units, three one-bedroom units, and two two-bedroom units, each recently remodeled. The property offers recreational opportunities. The bike score is 12, indicating it is somewhat bikeable, and the walk score is 7, indicating car-dependent.
Key Highlights
- Rare lakefront property on Clearlake, a premier bass fishing destination.
- Eight waterfront units, recently remodeled to perfection.
- Direct lake access** for boating, fishing, kayaking, and swimming.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,551
Cap Rate
3.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$711,020
$711.0K
Cap Rate 7%
$507,871
$507.9K
Cap Rate 9%
$395,011
$395.0K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$68.0K $15.12/SF
− Vacancy
−$3.4K −$0.76/SF
EGI
$64.6K $14.36/SF
− OpEx
−$29.1K −$6.46/SF
NOI
$35.6K $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%
$711,020
Cap Rate 7%
$507,871
Cap Rate 9%
$395,011
Alternative Uses
Best Use
Apartment 5plus
$507.9K
$444.4K – $592.5K
NOI $35,551 @ 7.0% cap · market cap 3.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.81M
$1.58M – $2.11M
NOI $126,427 @ 7.0% cap · market cap 11.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
200
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Waterfront multifamily property with remodeled units and lake access.
Where is this apartment building located?
The property is located at 4550 Lakeshore Lakeport, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Rare lakefront property on Clearlake, a premier bass fishing destination.; Eight waterfront units, **recently remodeled to perfection.**; Direct lake access** for boating, fishing, kayaking, and swimming.
