4456 Manzanita Ave Clearlake, CA 95422-7200
- Hospitals
- 5,475 SF
- 0.61 lot acres
Feb 16, 2021
Current Use by Public Records
- DR. WAYNE OGATA / Optometrist
- Verizon / Cell Phone Store / Internet Service Provider
- Autism, Advocacy, and Intervention / Child Health Care Centre
Property Details for 4456 Manzanita Ave
- Year built
- 1970
- Lot size
- 0.61 lot acres
- Property size
- 5,475 SF
- Property type
- Hospitals
- APN
- 041-083-360-000
- APU
- 41083360000
Description
This exceptional mixed-use property at 4456 Manzanita Avenue, Clearlake, CA, presents a compelling investment opportunity. Situated on a 0.65-acre lot at the high-traffic intersection of Highway 53 and Lakeshore Drive, this building comprises three office spaces and one apartment, all currently leased. The property benefits from a diverse tenant base, including a long-term tenant occupying one office space for 20 years. Two tenants are on flexible month-to-month leases, providing operational flexibility. Verizon occupies another office space under a lease extending until June 2027, offering significant lease stability. The apartment unit is also on a month-to-month lease. The building itself is well-maintained, featuring a recently installed roof and updated HVAC systems. Comprehensive maintenance records are available for inspection, providing transparency and peace of mind. Adding to its appeal, an adjoining parcel is included in the sale, presenting significant potential for future expansion or development. This turnkey investment property offers immediate cash flow and long-term growth potential in the desirable Lake County market. Priced at $755,000, this is a rare chance to acquire a stable, income-generating asset with considerable upside.
Value Estimations
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Clearlake
- County
- Lake
- State
- California
- Longitude
- -122.624
- Latitude
- 38.9512
- CBSA code
- 17340
- CBSA name
- CLEARLAKE, CA MICROPOLITAN STATISTICAL AREA
