Lakeport, CA 95453 15 Royale Avenue
$1,150,000
20 more
Presented By: James Magliulo with Country Air Properties; 707-263-5729
Beds • 22
Baths • 1
SQFT • 10,144
Year Built • 1972
Home Details
Lakeport Royale Apartments – 15 Royale Ave., Lakeport, Lake County. Seize this lucrative investment opportunity with a 12-unit apartment building in Lakeport. Featuring a mix of 11 desirable 2 bedroom/1 bath and 1 larger 3-bedroom 1 bath units. The building maintains an impressive 90% occupancy rate, with only one unit currently available for showing. Enjoy the convenience of nearby amenities, including grocery stores, shops, restaurants, public transportation, and the stunning Clear Lake within walking distance. Lakeport has witnessed a robust rental market, allowing low vacancies and steady rental demand in recent years. Don't miss out on adding this high-performing asset to your portfolio. Detailed rent roll, income, and expense information are readily available for your review. Make time now to explore this promising Lake County investment opportunity.
Presented By: James Magliulo with Country Air Properties; 707-263-5729
Interior Features for 15 Royale Avenue
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesNone
Total Stories2
Other Rooms
Entry Level1
General for 15 Royale Avenue
Additional Parcels Y/NNo
AppliancesElectricOven, ElectricRange, Refrigerator
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.5
Carport Y/NNo
CityLakeport
Community FeaturesBiking, DogPark, Foothills, Fishing, Golf, Hiking, Lake, Park, WaterSports
CoolingWallWindowUnits
CountyLake
DirectionsS Main to Royale to property
Electric Expense0.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income0.0
HOANo
HOA Fee$0.0
HeatingBaseboard
Home Warranty Y/NNo
Insurance Expense9500.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan
Lot Size Square Feet20473.0
Lot Size UnitsSquareFeet
MLS AreaLCLPS - Lakeport South
MobileHomeRemainsYNNo
Net Operating Income74950.0
New ConstructionNo
Number Of Units Total12
Operating Expense68149.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
RoofComposition
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot9, 10
Trash Expense220.0
UtilitiesElectricityConnected, WaterConnected
Virtual TourClick here
Water Sewer Expense1000.0
Year Built1972
Year Built SourceAssessor
Exterior for 15 Royale Avenue
Building Area Total10144.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre, Level, NearPublicTransit
Lot Size Acres0.47
Lot Size Area20473.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters12
Number of Separate Gas Meters0
Number of Separate Water Meters12
Open Parking Y/NNo
Parking FeaturesAsphalt, OnSite, Uncovered
Private PoolNo
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Total Parking0.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Clayton Bond
Sales Associate
Price
$1,150,000
MLS#LC24210045
List Date
10/09/2024
Property Type
Multi-Family
Phone
(949) 290-7647
