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Property profile & analytics
OFF-MARKET
Gas stations

6000 Hwy 20 Lucerne, CA 95458-8621

1,380 SF 0.28 ac lot Built 1940
Individually Owned 20-yr Hold Absentee Owner Free & Clear
Property ID
US09-2787317
Property summary
AI-generated overview

This exceptional mixed-use property in Lucerne, CA, presents a unique investment opportunity. Situated on a 0.28-acre lot at 6000 Highway 20, this 2,000 square foot property boasts high visibility and traffic due to its prime location. The main building features a spacious mechanic's garage and an attached office/retail space, ideal for a variety of businesses. The storefront enjoys stunning views of Lucerne Park and Clear Lake, benefiting from significant foot and vehicle traffic. A sizable grassy area provides ample space for storage or future expansion. A detached double-wide mobile home offers comfortable living quarters, including a large living area, kitchen with a nook, three bedrooms, and two bathrooms. A separate two-car detached garage provides additional storage or off-street parking, accessible privately from the mobile home. This property is conveniently located within walking distance of local restaurants, shops, the park, and the picturesque Clear Lake. The property's combination of commercial space and residential living makes it an attractive investment for those seeking a blend of work and residential life in a desirable location. The asking price is $350,000.

Property profile
Verified
Property type Gas stations
Use group GAS STATION
Year built 1940
Total area 1,380 SF
Lot 0.28 ac (12,196 SF)
Zoning code CH
APN 034-064-010-000
UPID US09-2787317
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
  • Lucerne Gas & Services Hardware & Home Improvement General Contractor
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
Hogan H G Cheung · 20 yrs held
Hogan H G Cheung
since 2005
6 recorded transactions
2005
Price N/A
2005
$290,000
2004
Price N/A
2001
Price N/A
1969
Price N/A
1968
Price N/A
Zoning & alternative use
CH · Lucerne, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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