14840 Valley Ave - Multi-Family FOR SALE


Clearlake, CA 95422
$449,000 USD
707-263-5729
14840 Valley Ave, Clearlake, CA for Sale
$449,000 USD
Multi-Family - FOR SALE
1/39
null | 8.29% Cap Rate

14840 Valley Ave
Clearlake, CA 95422


OVERVIEW

Very well-maintained three-unit apartment property offering a desirable unit mix that includes one spacious two-bedroom residence (Unit A), one comfortable one-bedroom unit (Unit B), and one large studio (Unit C). All units have been updated and are in very good condition, reflecting pride of ownership throughout. All three units are currently rented on one-year lease tenancies, providing stable and reliable rental income. Each unit is separately metered for both water and electricity, with tenants responsible for their own utilities, helping to minimize owner expenses. Units B and C are enhanced by covered carport parking, adding convenience and value for tenants. Showings require advance notice due to tenant occupancy.

FOR SALE DETAILS

PRICE

$449,000 USD

PRICE/SF

$204 USD /SF

# OF UNITS

3

PRICE/UNIT

$149,667

CAP RATE

8.29%

% LEASED

66%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Valley Apartments

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

HDR

APN/PARCEL ID

039-353-080-000,040212150

ASK ABOUT THIS PROPERTY

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707-263-5729

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707-263-5729

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