Three-Unit
New
For Sale
$285,000
9670 Carrie Ln, Kelseyville, CA 95451
Two studio units are leased, while the renovated third unit can accommodate an owner-occupant.
Property Size1,066 SF
Lot Size0.25 Acres
Days on Market6
Property Features for 9670 Carrie Ln
General Information
Standard status
Active
Size
1,066 SF
Lot size
0.25 Acres
Property subtype
Investment
Units
Unit Mix
3 x studio
Multifamily Units
3
Additional Details
Gross Income
$18,792
Building Details
Building Size
1,066 SF
Year Built
1955
Units
3
Listed By:
Jonathan Froug
(707) 326-1616
Source:
Elliman
Added: Oct 9
Changed: Oct 14
Last Checked: Oct 12 at 8:49PM
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 Jonathan Froug
Investment Insights
Based on property information with market context.
This 1955 triplex contains three studio units: one renovated residence and two additional studios described as updated. The two updated units have existing leases, while the renovated studio provides an owner-occupant option. The property occupies approximately one-quarter acre on the northeast slope of Cobb Mountain, at 9670 Carrie Ln in Kelseyville, California.
The listing also notes possible expansion of the renovated studio or addition of a bedroom, subject to buyer investigation, permits, and county approval.
The listing also notes possible expansion of the renovated studio or addition of a bedroom, subject to buyer investigation, permits, and county approval.
Key Highlights
- Three studio units, including one renovated studio and two updated studios
- Existing leases are in place for two units
- Approximately one‑quarter acre on the northeast slope of Cobb Mountain
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,126
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$182,520
$182.5K
Cap Rate 7%
$130,371
$130.4K
Cap Rate 9%
$101,400
$101.4K
Market Conditions
NOI Build-Up for 1,066 SF
Gross rent
$13.7K $12.84/SF
− Vacancy
−$650 −$0.61/SF
EGI
$13.0K $12.23/SF
− OpEx
−$3.9K −$3.67/SF
NOI
$9.1K $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%
$182,520
Cap Rate 7%
$130,371
Cap Rate 9%
$101,400
Alternative Uses
Best Use
Multifamily LT 5
$130.4K
$114.1K – $152.1K
NOI $9,126 @ 7.0% cap · market cap 3.20%
Second Best
Apartment 5plus
$120.3K
$105.3K – $140.4K
NOI $8,422 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$427.8K
$374.4K – $499.2K
NOI $29,949 @ 7.0% cap · market cap 10.51%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Explore this area
Business Placement
Demographics for 95451, CA
11,747
Population
6,295
Households
1.9
Avg Household Size
47
Median Age
19%
College-Educated
85%
High-School Grad
92.9 sq mi
ZIP Area
126
Density / Sq Mi
$65,417
Median Household Income
$38,149
Median Earnings
$1,302
Median Rent
$340,700
Median Home Value
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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?
Triplex - Two studio units are leased, while the renovated third unit can accommodate an owner-occupant.
Where is this triplex located?
The property is located at 9670 Carrie Ln Kelseyville, CA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Three studio units, including one renovated studio and two updated studios; Existing leases are in place for two units; Approximately one‑quarter acre on the northeast slope of Cobb Mountain
