2815 Lakeshore Blvd - Apartments FOR SALE


Lakeport, CA 95453
$1,300,000 USD
650-370-2606
2815 Lakeshore Blvd, Lakeport, CA for Sale
$1,300,000 USD
Apartments - FOR SALE
1/12
null | 5.88% Cap Rate

2815 Lakeshore Blvd
Lakeport, CA 95453


HIGHLIGHTS

  • Value Add | Rents below Market
  • Directly across from Clearlake
  • Ability to Implement RUBS
  • Buildable Lot in the back

OVERVIEW

Exclusive Investment Opportunity in Lakeport, CA This well-located multifamily asset near Lakeshore Boulevard in Lakeport presents a compelling opportunity for investors seeking stable cash flow with meaningful upside. With a majority of units in clean, original condition and key system upgrades already completed, investors are well-positioned to enhance value through strategic improvements and operational efficiencies. Property Highlights: Recent Capital Improvements & System Upgrades: The property has undergone important improvements, including a repaired sewer mainline within the past year and upgraded HVAC systems. All AC/heating units have been replaced within the last six years, with several units less than one year old. Select units have been recently renovated, and new refrigerators have been installed throughout portions of the property. Unit Interiors: Most units remain in well-maintained, original condition, featuring oak-faced cabinetry and durable tile flooring—providing a strong foundation for future interior upgrades and rent growth. This balanced unit mix supports consistent occupancy and appeals to a wide tenant base. Parking & Accessibility: The property offers 23 on-site parking spaces, providing ample parking for tenants and guests—an attractive amenity in the submarket. Additional Adjacent Lot | $200,000 Lot Adjacent/Complete Seller Financing Available R3 Zoning Ability to build more Units in the back Roughly 35,501 additional square feet.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$154 USD /SF

# OF UNITS

14

PRICE/UNIT

$92,857

CAP RATE

5.88%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1963

PARKING SPACES

24

LAND DETAILS

LAND ACRES

1.3 AC

LAND SF

56,628 SF

ZONING

R3

APN/PARCEL ID

028-251-040-000,028-251-050-000

ASK ABOUT THIS PROPERTY

Rachna GandhiCatalyst Commercial PartnersMore Info
650-370-2606

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Rachna GandhiCatalyst Commercial PartnersMore Info
650-370-2606

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.