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15 Royale Avenue

Lakeport, CA 95453
  • $1,150,000
  • STATUS: Active Under Contract
  • ON SITE: 163 Days
  • MLS #: LC24210045
Under Contract
UPDATED: 213 min ago
$1,150,000
  • 0
    BEDS
  • 0.47
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1972
County:

School Ratings & Info

Listing Agent(s): James Magliulo of Country Air Properties (707-263-2620)


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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-22T00:29:20.747. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
www.desertareahomesforsale.com/homes/156559052
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15 Royale Avenue Lakeport, CA 95453

  • Price: $1,150,000
  • Status: Active Under Contract
  • On Site: 163 Days
  • Updated: 213 min ago
  • MLS #: LC24210045
0
Beds
0
Baths
0
½ Baths
0.47
Acres
1972
Built
Neighborhood:
LCLPS - Lakeport South
County:
Lake
Area:
LCLPS - Lakeport South
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.
Exterior Features

Entry Level 1 Entry Location 1 Lot Features 0-1 Unit/AcreLevelNear Public Transit Number Of Separate Electric Meters 12 Parking Features AsphaltOn SiteUncovered Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Composition

Interior Features

Appliances Electric OvenElectric RangeRefrigerator Common Walls 1 Common Wall Cooling Wall/Window Unit(s) Cooling YN Yes Heating Baseboard Heating YN Yes

Property Features

Additional Parcels YN No Cap Rate 5.5 Common Interest Community Apartment Community Features BikingDog ParkFoothillsFishingGolfHikingLakeParkWater Sports Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 0 Gross Scheduled Income 143100 Insurance Expense 9500 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan Net Operating Income 74950 New Construction YN No Number Of Separate Gas Meters 0 Number Of Separate Water Meters 12 Operating Expense 68149 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 220 Utilities Electricity ConnectedWater Connected Vacancy Allowance Rate 5 Water Sewer Expense 1000 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-22T00:29:20.747. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
 
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Desert Area Homes For Sale | Premier Properties
78115 Calle Estado #104
La Quinta CA, 92253
Listing Agent(s): James Magliulo of Country Air Properties (707-263-2620)