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    6925 Hammond Ave Upper Lake, CA 95485

    Sponsored
    For Sale
    $759,000

    16.75 Acres, Multi-Family Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 16.75-acre property, located at 6925 and 6965 Hammond Ave, Upper Lake, CA 95485 (APN: 031-052-170 and 031-052-220), presents a remarkable opportunity for multi-family development. Zoned PDR R1, this land allows for the construction of multiple single-family residences. Conveniently situated off Highway 20, it offers easy access to shops, restaurants, and public transportation. The property boasts a significant advantage: it was filled and compacted in 2008, providing a solid foundation for any construction project. Previous development studies from 2008 are available, and the land could be resubmitted for approval based on these existing plans. Its location near Clear Lake adds to its appeal, offering residents a tranquil natural setting. Furthermore, this property is located within an Opportunity Zone, providing potential tax benefits for investors. The asking price is $759,000, and seller financing may be available. This is an ideal investment for developers seeking to create a thriving residential community in a desirable location. Don't miss this chance to capitalize on this prime development land.

    Property Features for 6925 Hammond Ave

    General Information

    Property type
    Land
    Lot Size
    729,630 SF

    HighLights

    • 16.75‑acre multi‑family development opportunity in Upper Lake, CA.
    • Zoned PDR R1, allowing for single‑family residential construction.
    • Previously filled and compacted (2008), with available development studies for potential resubmission.
    • Seller financing may be available; asking price $759,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Wholesale Shop Auto Repair Shop Clothing Store Hotel & Motel Department Store Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Upper Lake
    County
    Lake
    State
    California
    Longitude
    -122.86523302047
    Latitude
    39.127536308988

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    FAQs

    What type of property is this?
    Land - 16.75 Acres, Multi-Family Potential
    Where is this land located?
    The property is located at 6925 Hammond Ave Upper Lake, CA.
    What is the asking price?
    The asking price for this property is $759,000.
    What are key features of this property?
    This property features: 16.75-acre multi-family development opportunity in Upper Lake, CA.; Zoned PDR R1, allowing for single-family residential construction.; Previously filled and compacted (2008), with available development studies for potential resubmission.
    Request Owner's contact information
    6925 Hammond Ave Upper Lake, CA 95485
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    Upper Lake, CA 95485
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6925 Hammond Ave Upper Lake, CA 95485
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