Building Details

Year Built 2004

Listing Agency: RE/MAX GOLD

Listed By: Peggy R Butcher · License #G406011 Show Phone

Source: Showcaseproperties

Added: Aug 30 Changed: Oct 4 Last Checked: Oct 16 at 5:53AM

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Investment Insights

Based on property information with market context.

Built in 2004, this 1,606-square-foot duplex contains two separate residences, each arranged with two bedrooms, one bathroom, a one-car garage, and additional driveway parking. The property offers a straightforward residential income configuration with both units currently occupied by longtime tenants.

The duplex is located near shopping, restaurants, and the lake, placing everyday destinations and recreation within the surrounding area. Its established occupancy and clearly defined two-unit layout provide a practical format for an owner seeking a residential income property.

Key Highlights

• Two‑unit duplex with 1,606 square feet
• Each unit includes 2 bedrooms and 1 bathroom
• One‑car garage and additional driveway parking for each unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,749

Cap Rate

3.00%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$274,980 $275.0K

Cap Rate 7%

$196,414 $196.4K

Cap Rate 9%

$152,767 $152.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,606 SF

Gross rent

$20.6K $12.84/SF

− Vacancy

−$979 −$0.61/SF

EGI

$19.6K $12.23/SF

− OpEx

−$5.9K −$3.67/SF

NOI

$13.7K $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%

$274,980

Cap Rate 7%

$196,414

Cap Rate 9%

$152,767

Alternative Uses

Best Use

Multifamily LT 5

$196.4K

$171.9K – $229.2K (±1% cap)

NOI $13,749 @ 7.0% cap · market cap 3.00%

Second Best

Apartment 5plus

$181.3K

$158.6K – $211.5K (±1% cap)

NOI $12,688 @ 7.0% cap · market cap 2.76%

Theoretical Best

Office A

$644.6K

$564.0K – $752.0K (±1% cap)

NOI $45,121 @ 7.0% cap · market cap 9.83%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Electrical Service Parking Lot & Garage (Bike/Boat/Book/etc) Store Carpet & Flooring Store Catering Service

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

528

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

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?

Duplex - Occupied duplex with private garages and driveway parking for both residences.

Where is this duplex located?

The property is located at 85 Royale Avenue Lakeport, CA.

What is the asking price?

The asking price for this property is $459,000.

What are key features of this property?

This property features: Two‑unit duplex with 1,606 square feet; Each unit includes 2 bedrooms and 1 bathroom; One‑car garage and additional driveway parking for each unit