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Property profile

1060 Main St Lakeport, CA 95453

OFF-MARKET
Investment properties
Property ID
US09-3367072
1,384 SF 2.02 ac lot Built 1961
Individually Owned 3-yr Hold Absentee Owner Free & Clear

Property summary

AI-generated overview

This exceptional mixed-use property at 1060 Main Street, Lakeport, CA, presents a unique investment opportunity. Spanning nearly two acres (1.99 acres to be exact), this prime location boasts 3,550 square feet of developed space and offers a diverse range of income streams. The property includes a thriving cafe, three commercial shop/office spaces, a single-family house, and a duplex, providing immediate rental income potential. In addition, there are 24 mobile/RV spaces, catering to a growing tourism market. The property's significant street frontage ensures high visibility and ample parking for all tenants and visitors. Further enhancing the property's appeal are additional storage and laundry facilities equipped with coin-operated washers and dryers. A key feature is the extensive 142 feet of lakefront access, complete with a pier, dock, and covered deck, offering breathtaking views of Mount Konocti. The property is conveniently connected to city water and sewer services. Its strategic location near hotels and within walking distance of downtown Lakeport and a multi-use lakefront park provides unparalleled convenience and accessibility. This is a rare opportunity to acquire a well-established, income-generating property in a desirable lakeside setting. The asking price is $1,500,000.

Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1961
Construction WOOD
Total area 1,384 SF
Lot 2.02 ac (87,991 SF)
APN 026-291-030-000
UPID US09-3367072

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Campground & RV Park

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$210k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$230k

Owner & transaction history

since 2023
7 recorded transactions
2023
Price N/A
2021
Price N/A
2019
$1.9M
2016
Price N/A
2015
$490,000
2015
Price N/A
2015
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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