Phone888.995.7575

14510 Lakeshore Drive, Clearlake, CA 95422

$385,000 Approx. USD 0 beds, 0 baths
5,000 sqft

Agent Remarks

Lake County Investment Property. Located in the design district with beautiful lake views and walking distance to parks and restaurants this multi use building has 2500 sq. ft. of retail space downstairs and 2500 sq. ft. for the 4 rental units upstairs. The building is in great shape and also includes a 5 car garage and 3 laundry room. All upstairs units are rented with good paying tenants. All rents are paid on time and all rents are current. 1000 sq. ft. of the downstairs is currently occupied by the owner and is a salon. Owner is willing to transfer the salon business to the new owner if interested. The balance of the downstairs (1500 sq. ft.) is currently a luxury 3 bedroom B and B and as per the owner is doing great and producing additional income. This part of the building could also be a great opportunity for a new business or a personal vacation house while still getting instant income from the upstairs rentals. Current income brings this investment to a 10.5% CAP Rate.

Listing Details

Property type: RET (Commercial)
Status: Active
MLS# LC15264943
List price is $385,000 Reduced by $25,000 on 12/6/2016
Beds: 0
Baths: 0
Built in 1944
5,000 sqft
0.11 acres
Lot size: 4898.000
County: Lake
Zoning: Comm-Retail
Heating description: Central Furnace
MLS area: LCCLN - Clearlake N- NW

Last Updated: 6/7/2017

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This listing belongs to the LCCLN - Clearlake N- NW MLS area

The listing is zoned Comm-Retail.
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Lat/Long: 38.951923, -122.642113.
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Broker: Courtesy of Cps/Country Air
Listing Agent: James Magliulo

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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