Exclusive Investment Opportunity in Sacramento, 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. Seller is offering the additional lot for $200,000, presenting a rare chance to expand unit count and maximize overall project value. Spanning approximately ±35,501 square feet, this parcel is zoned R3, allowing for higher-density residential development. Investors and developers have the ability to construct additional units in the rear, creating a compelling value-add or ground-up development play in a supply-constrained market.
| MLS # | ML82047351 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1963 |
| Days On Site | 125 |
| Listing Provided By | Corcoran Icon Properties | Steve Belluomini |
| SQ Feet | 6,020 |
|---|---|
| Car Port | Yes |
| Units | 14 |
| Building(s) | 3 |
| Zoning | R3 |
| Acreage | 0.49 |
| Cooling Yes / No | Yes |
|---|
| Roof | Other |
|---|
| Utilities | Other |
|---|
| Property | 12296 |
|---|
| State | CA |
|---|---|
| County | Lake |
| City | Lakeport |
| Zip Code | 95453 |
| Area | 699 Not Defined |
| Listing VS Median (in 95453) | |
Price: $1,100,000 low | high Med: $375,000 sqft: 6,020 low | high Med: 1,440 $ / sqft: $183 low | high Med: $260 On site: 125 low | high Med: 27 | |
| State | CA |
|---|---|
| County | Lake |
| City | Lakeport |
| Zip Code | 95453 |
| Area | 699 Not Defined |
| Listing VS Median (in 95453) | |
Price: $1,100,000 low | high Med: $375,000 sqft: 6,020 low | high Med: 1,440 $ / sqft: $183 low | high Med: $260 On site: 125 low | high Med: 27 | |