7-Unit Apartment
For Sale
$1,200,000
9747 Winchester Street, Lower Lake, CA 95457
All apartments are occupied, and each has a two-bedroom, one-bath layout.
Property Size4,680 SF
Price / SF$256.41
Days on Market271
Property Features for 9747 Winchester Street
General Information
Standard status
Active
Size
4,680 SF
Total Parking Spaces
17
Property subtype
Residential Income
Occupancy
100%
Units
Unit Mix
7 x 2BR/1BA
Multifamily Units
7
Individually Metered Utilities
unspecified utilities
Additional Details
Tenant in Place
Yes
Amenities
private patio area
Yard Space
Building Details
Building Size
4,680 SF
Year Built
2005
Buildings
1
Stories
1
Units
7
Listing Agency:
Vanguard Properties
(415) 321-7000
Listed By:
Roxana L Melgarejo
(415) 410-8468
Source:
Ayalarealty
Added: Feb 7
Changed: Nov 2
Last Checked: Nov 4 at 10:49AM
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 Vanguard Properties
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Investment Insights
Based on property information with market context.
Built in 2005, this 4,680-square-foot apartment property contains seven units, each arranged with two bedrooms and one bathroom. Separate utility meters serve the apartments, which also have private patio areas. The property includes a 17-space parking lot on nearly half an acre.
Water heaters have been updated in most units, the exterior has been refreshed, and a water softener system is in place. All seven apartments are currently occupied.
Water heaters have been updated in most units, the exterior has been refreshed, and a water softener system is in place. All seven apartments are currently occupied.
Key Highlights
- Seven apartments, each with two bedrooms and one bathroom
- All units currently occupied
- 4,680 square feet on nearly half an acre
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,973
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$739,460
$739.5K
Cap Rate 7%
$528,186
$528.2K
Cap Rate 9%
$410,811
$410.8K
Market Conditions
NOI Build-Up for 4,680 SF
Gross rent
$70.8K $15.12/SF
− Vacancy
−$3.5K −$0.76/SF
EGI
$67.2K $14.36/SF
− OpEx
−$30.3K −$6.46/SF
NOI
$37.0K $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%
$739,460
Cap Rate 7%
$528,186
Cap Rate 9%
$410,811
Alternative Uses
Best Use
Apartment 5plus
$528.2K
$462.2K – $616.2K
NOI $36,973 @ 7.0% cap · market cap 3.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.88M
$1.64M – $2.19M
NOI $131,484 @ 7.0% cap · market cap 10.96%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
7
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
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Business Placement
Demographics for 95457, CA
3,231
Population
1,801
Households
1.8
Avg Household Size
47
Median Age
22%
College-Educated
88%
High-School Grad
147.9 sq mi
ZIP Area
22
Density / Sq Mi
$52,266
Median Household Income
$32,839
Median Earnings
$1,078
Median Rent
$414,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - All apartments are occupied, and each has a two-bedroom, one-bath layout.
Where is this apartment building located?
The property is located at 9747 Winchester Street Lower Lake, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Seven apartments, each with two bedrooms and one bathroom; All units currently occupied; 4,680 square feet on nearly half an acre
