402 S Main Street

    Lakeport, CA 95453
    • $699,000
    • STATUS: Active
    • ON SITE: 229 days
    • ID#: LC19043039
    UPDATED: 57 min ago
    $699,000
    • 0
      BEDS
    • 0.5
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,080
      SQFT
    • $171
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1978
    County:

    School Ratings & Info

    Description

    10 total units; 7 total tenants; 100% fully rented (one tenant / 3 units and one tenant / 2 units). Two structures with 5 units in each; each unit has one lavatory, central HVAC, sign space on building facia. Concrete slab with vinyl, tile, or carpeting as applicable. This high visibility, easy access property was built in 1978 and with some TLC needed. All units directly accessible from street and parking lot. Drive By Main Street Plaza and see if this might work for you! All financials estimated proforma based on actual gross income reported, and must be verified by purchaser.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T09:34:24.357. 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 Crudo & Associates | Willis Allen Real EstateLa Jolla. Licensed in the State of California, USA.
    www.sdluxe.com/homes/92404317

    402 S Main Street Lakeport, CA 95453

    • Price: $699,000
    • Status: Active
    • Updated: 57 min ago
    • ID#: LC19043039
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.5
    Acres
    4,080
    SQFT
    $171
    $/SQFT
    1978
    Built
    Neighborhood:
    LCLPS - Lakeport South
    County:
    Lake
    Area:
    LCLPS - Lakeport South
    Property Description
    10 total units; 7 total tenants; 100% fully rented (one tenant / 3 units and one tenant / 2 units). Two structures with 5 units in each; each unit has one lavatory, central HVAC, sign space on building facia. Concrete slab with vinyl, tile, or carpeting as applicable. This high visibility, easy access property was built in 1978 and with some TLC needed. All units directly accessible from street and parking lot. Drive By Main Street Plaza and see if this might work for you! All financials estimated proforma based on actual gross income reported, and must be verified by purchaser.
    Exterior Features

    Lot Features 0-1 Unit/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 32.00 Roof Flat Topography Level Waterfront Features Marina in Community

    Interior Features

    Condo Area Units Square Feet Cooling Central Air Cooling YN Yes Heating Central Heating YN Yes Laundry Features None

    Property Features

    Accounting Type Proforma Additional Parcels YN No Asset Class Retail Building Area Units Square Feet Building Status Existing Cap Rate 8.30 Country Us Electric Electricity - On PropertyStandard Gross Scheduled Income 80000.00 Land Use Retail Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 61180.00 Number Of Units Leased 10 Occupancy Occupied Operating Expense 14820.00 Property Sub Type Retail Retail Center Type Community/Specialty Special Listing Conditions Standard Utilities Cable AvailableElectricity ConnectedNatural Gas Not AvailablePhone ConnectedSewer ConnectedWater Connected Vacancy Allowance Rate 5.00 Water Source Public Year Built Source Assessor

    Listing provided courtesy of Douglas Kues of Boss Real Estate & Appraisal


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T09:34:24.357. 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 Crudo & Associates | Willis Allen Real EstateLa Jolla. Licensed in the State of California, USA.
     
    Crudo & Associates | Willis Allen Real EstateLa Jolla
    1131 Wall St.
    La Jolla CA, 92037