4685 W State Highway 20

    Upper Lake, CA 95485
    • $1,400,000
    • STATUS: Active
    • ON SITE: 425 days
    • ID#: LC19021234
    UPDATED: 18 min ago
    $1,400,000
    • 0
      BEDS
    • 24.14
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,000
      SQFT
    • $200
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1929
    County:

    School Ratings & Info

    Description

    The perfect adult community retirement income stream. 10 cabins + owner/manager residence on the water on a 4.41 acre parcel of land on Highway 20, PLUS another 19.73 acres (APN 003-025-050 / 4650 W State Highway 20) across the highway with another single family residence high on the hill with lake & mountain views. All rented. Search 4685 W State Highway 20 on Google Earth for a terrific view & location confirmation. Paved drive and concrete walkways meander through the park. Owner pays well water maintenance & distribution / garbage collection but all else separate metered to each unit. 4 shared septic systems per owner. Coin operated laundry facility. Current rents are reported as $139,200 annually. Assuming 20% owner expenses that's a nearly 9.00% cap rate at the asking price. Live in one and rent the others. Enough to keep you busy in between sunrise, sunset, and fishing. Amazing property to enjoy an amazing lifestyle. Units, Room Count, Square footage is estimated and not verified. All information subject to Buyer confirmation.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-29T08:24:36.503. 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/91255748

    4685 W State Highway 20 Upper Lake, CA 95485

    • Price: $1,400,000
    • Status: Active
    • Updated: 18 min ago
    • ID#: LC19021234
    0
    Beds
    0
    Baths
    0
    ½ Baths
    24.14
    Acres
    7,000
    SQFT
    $200
    $/SQFT
    1929
    Built
    Neighborhood:
    LCBL - Blue Lakes
    County:
    Lake
    Area:
    LCBL - Blue Lakes
    Property Description
    The perfect adult community retirement income stream. 10 cabins + owner/manager residence on the water on a 4.41 acre parcel of land on Highway 20, PLUS another 19.73 acres (APN 003-025-050 / 4650 W State Highway 20) across the highway with another single family residence high on the hill with lake & mountain views. All rented. Search 4685 W State Highway 20 on Google Earth for a terrific view & location confirmation. Paved drive and concrete walkways meander through the park. Owner pays well water maintenance & distribution / garbage collection but all else separate metered to each unit. 4 shared septic systems per owner. Coin operated laundry facility. Current rents are reported as $139,200 annually. Assuming 20% owner expenses that's a nearly 9.00% cap rate at the asking price. Live in one and rent the others. Enough to keep you busy in between sunrise, sunset, and fishing. Amazing property to enjoy an amazing lifestyle. Units, Room Count, Square footage is estimated and not verified. All information subject to Buyer confirmation.
    Exterior Features

    Construction Materials BlockConcreteWood Siding Fence YN Yes Fencing Wood Lot Features Sloped DownGentle SlopingLot Over 40000 SqftIrregular Lot Lot Size Source Assessor Lot Size Units Acres Roof CompositionShingle Topography Gentle Downslope Waterfront Features Fishing in CommunityLakeLake FrontWaterfront With Home Across Road

    Interior Features

    Condo Area Units Square Feet Cooling Wall/Window Unit(S) Cooling YN Yes Heating ZonedSpace HeaterElectricPropane Heating YN Yes Laundry Features Community

    Property Features

    Additional Parcels Description 003-025-050 Additional Parcels YN Yes Asset Class Hotel/MotelMulti-Family Building Area Units Square Feet Building Status Existing Country Us Current Use Comments 10 Lakefront Cabins / 2 Homes Electric Electricity - On Property Gross Scheduled Income 139200.00 Investment Property YN Yes Land Use Multi-Family Laundry Equipment Own Lease Own Laundry YN Yes Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Number Of Units Leased 12 Occupancy Occupied Park Name Blue Lakes Cove Property Sub Type Multi Family Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Special Listing Conditions Standard Utilities Cable AvailableElectricity ConnectedPhone AvailablePropaneSee RemarksSewer Not AvailableWater Connected Water Source PrivateShared WellWell Year Built Source Assessor Zoning Cr-Rl

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


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-03-29T08:24:36.503. 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.

     
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