4655 Lakeshore BlvdLakeport, CA 95453

Property Details for 4655 Lakeshore Blvd

Year built

1948

Construction

WOOD

Lot size

0.88 AC

Property size (Sq ft)

1,106 SF

Zone code

CR

Property type

Retail properties

Property subtype

Auto shops

APN

029-311-070-000

APU

29311070000

Description

This exceptional investment property in Lakeport, CA, presents a rare opportunity to acquire a lucrative, multi-faceted asset. The core of the offering is a 50-unit self-storage complex situated on a 0.85-acre lot at 4655 Lakeshore Boulevard. The storage units offer a diverse range of sizes, catering to a broad spectrum of customer needs. Specifically, there are eleven 11x23 units, nine 12x25 units, twelve 10x20 units, ten 14x16 units, and two 17x19 units. Adding to the property's income potential is a 1300-square-foot, three-bedroom, two-bathroom home currently generating rental income. This residential component provides additional cash flow and further enhances the overall return on investment. Furthermore, an older mobile home on the property is also rented to long-term tenants, contributing to the property's consistent revenue stream. The entire property enjoys a prime location directly across the street from the lake and within close proximity to the town center, ensuring high visibility and convenient access for both tenants and potential buyers. The total square footage of the buildings on the property is 20,000 square feet. This turnkey investment requires minimal management, offering a significant return with relatively low effort. The asking price for this exceptional property is $850,000.

• CAP approach

  CAP return

  Valuation

  6%

  $446,044

  6.5%

  $411,733

  7%

  $382,323

• Comparable approach

  Method

  Valuation

  Relative Method

  $511,426

  Geo Method

  $397,945

• Alternative Use

  Use

  Valuation

  Residential

  $347,312

  Hospitality

  $318,136

  Educational

  $264,685

  Medical

  $273,788

  Retail

  $411,733

Location Insight

City

Lakeport

County

Lake

State

California

Latitude

39.0991

Longitude

-122.901

CBSA code

17340

CBSA name

CLEARLAKE, CA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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