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Property profile & analytics
OFF-MARKET
Hospitals

4456 Manzanita Ave Clearlake, CA 95422-7200

5,475 SF 0.61 ac lot Built 1970
Entity Owned Absentee Owner ~ Est. High Equity
Property ID
US09-2241864
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Hospitals
Use group HOSPITAL - PRIVATE
Year built 1970
Total area 5,475 SF
Lot 0.61 ac (26,571 SF)
APN 041-083-360-000
UPID US09-2241864
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
Current use
Occupant on record · Public records
  • DR. WAYNE OGATA Physician
  • Verizon Mobile Phone Store Electronics & Wireless Store
  • Autism, Advocacy, and Intervention Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Nms Legacy LLC
Nms Legacy LLC
since 2025
Last sale
$670,000
4 recorded transactions
2025
$670,000
2021
Price N/A
2019
Price N/A
2001
$565,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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