15 Royale Avenue

Lakeport, CA 95453

PRICE REDUCED

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-$100,000 (-7.27%)

$1,275,000

List Price

N/A

bed Beds

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shower Baths

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straighten / sqft

1972

calendar_month Built

Property Description

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.

Listing Information

List Price $1,275,000
Status Active
MLS LC24210045
Type Residential Income
Subtype Apartment
Year Built 1972
Lot Size 20,473
Structure Size N/A
DOM 70
Courtesy Of Country Air Properties
Listing Agent James Magliulo DRE#01852966

Interior Features

Laundry Information
Location(s) None
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

Listing information courtesy of: James Magliulo, Country Air Properties 707-263-2620. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 19th, 2024 at 5:50 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.