Lakeport CA  home offered at $485,000 

Call Lisa DiNoto Group at (909)921-2544 to see this home.

 

800 S Main Street
Lakeport, California CA 95453-5511
Sold For: $475,000
Listing ID: LC20068165
Price/SqFt: $208.61
Status: Closed
Sold Date: 5/13/2021
SqFt: 2,277 Sq Ft
Year Built: 1985

SOLID MAIN ST STUCCO OFFICE BUILDING Fully leased for 14 years as a dentist facility with reception, six operatories, staff lounge with kitchen, two bathrooms and private offices. Additional corner lot on a separate parcel with future development potential currently used as a parking lot for the tenant. Fully owned solar panels. Generator. Quality facility, with no deferred maintenance, on a high profile street in Lake County's busiest town with steady predictable long-term income, no vacancy, minimal management needed, and a cap rate of 7%, plus annual CPI adjustments. About as good as it gets for a commercial investment.

Primary Features

County: Lake
Price Before Reduction: 525000
Price Reduction Date: 2021-01-01T02:18:12+00:00
Price/SqFt: 208.61
Property Sub Type: Office
Property Type: Commercial Sale
Year Built: 1985

Interior

Building Area Units: Square Feet
Condo Area Units: Square Feet
Cooling Type: Central Air
Cooling: yes
Heating: yes
Heating Type: Central, Electric
Laundry Features: None

External

Construction Materials: Brick, Stucco
Lot Size Source: Assessor
Minimum Total Area Units: Square Feet
Number Of Buildings: 1
Parking Total: 10
Roof: Composition
Uncovered Spaces: 10
Water Source: Public

Location

Country: US
MLS Area Major: LCLPS - Lakeport South

Additional

Additional Parcels: yes
Asset Class: Office
Building Status: Existing
Days On Market: 364
Land Use: Office
List Agent State License: 01182874
List Office State License: 01960343
Max Total Area Units: Square Feet
Number Of Units Leased: 1
Parcel Number: 02557128
Utilities: Cable Available

Financial

Cap Rate: 7
Effective Gross: 42840
Gross Scheduled Income: 42840
Insurance Expense: 2677
Net Operating Income: 33946
Operating Expense: 8894
Real Estate Tax Expense: 6217
Special Listing Conditions: Standard

Zoning Info


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Listed by: TimothyToye, DRE #01182874 from Timothy Toye and Associates 707-928-6900

Contact - Listing ID LC20068165

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Lisa DiNoto

9483 Haven Ave #100
Rancho Cucamonga, CA 91730
Phone: 9099212544

Data services provided by IDX Broker
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