4456 Manzanita AveClearlake, CA 95422

Property Details for 4456 Manzanita Ave

Year built

1970

Lot size

0.61 AC

Property size (Sq ft)

5,475 SF

Property type

Healthcare properties

Property subtype

Hospitals

APN

041-083-360-000

APU

41083360000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,358,341

  6.5%

  $1,253,853

  7%

  $1,164,292

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,103,673

  Geo Method

  $898,979

• Alternative Use

  Use

  Valuation

  Residential

  $1,590,566

  Hospitality

  $1,456,950

  Educational

  $1,212,165

  Medical

  $1,253,853

  Retail

  $1,885,590

Location Insight

City

Clearlake

County

Lake

State

California

Latitude

38.9512

Longitude

-122.624

CBSA code

17340

CBSA name

CLEARLAKE, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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