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Property profile & analytics
OFF-MARKET
Land

6925 Hammond Ave Upper Lake, CA 95485

16.75 ac lot
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Land
Lot 16.75 ac (729,630 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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