Seller's Agent in 2025
Jim Magliulo
Country Air Properties
(707) 263-5729
21 in this area
75 Total Sales
15 Royale Ave Lakeport, CA 95453
5
Beds
2
Baths
10,144
Sq Ft
0.47
Acres
Highlights
- Golf Course Community
- Fishing
- Community Lake
- Clear Lake High School Rated A-
- 0.47 Acre Lot
- Property is near public transit
About This Home
As of August 2025Lakeport 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.
Last Agent to Sell the Property
Country Air Properties Brokerage Phone: 707-263-5729 License #01852966 Listed on: 10/09/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,808
Year Built
- Built in 1972
Lot Details
- 0.47 Acre Lot
- 1 Common Wall
- Level Lot
- Density is up to 1 Unit/Acre
Home Design
- Apartment
- Composition Roof
Interior Spaces
- 10,144 Sq Ft Home
- 2-Story Property
- Family Room
- Laundry Room
Kitchen
- Electric Oven
- Electric Range
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Bathrooms
Parking
- Parking Available
- Driveway
- Uncovered Parking
- On-Site Parking
Location
- Property is near public transit
Utilities
- Cooling System Mounted To A Wall/Window
- Baseboard Heating
Listing and Financial Details
- Tax Lot 9,10
- Assessor Parcel Number 025611370000
Community Details
Overview
- 2 Buildings
- 12 Units
- Community Lake
- Foothills
Recreation
- Golf Course Community
- Fishing
- Park
- Dog Park
- Water Sports
- Hiking Trails
- Bike Trail
Building Details
- Rent Control
- 12 Separate Electric Meters
- 12 Separate Water Meters
- Insurance Expense $9,500
- Professional Management Expense $12,000
- Trash Expense $220
- Water Sewer Expense $1,000
- Operating Expense $22,720
- Net Operating Income $74,950
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 12, 2012
Sold by
Abbot Construction Company
Bought by
Mike C Chu & Sandy M Chu Llc
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $70,000 | Chicago Title Company |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/19/2025 08/19/25 | Sold | $1,000,000 | -13.0% | $99 / Sq Ft |
| 02/18/2025 02/18/25 | Price Changed | $1,150,000 | -8.0% | $113 / Sq Ft |
| 01/12/2025 01/12/25 | Price Changed | $1,250,000 | -2.0% | $123 / Sq Ft |
| 11/18/2024 11/18/24 | Price Changed | $1,275,000 | -7.3% | $126 / Sq Ft |
| 10/09/2024 10/09/24 | For Sale | $1,375,000 | 0.0% | $136 / Sq Ft |
| 06/09/2021 06/09/21 | Rented | $900 | 0.0% | -- |
| 04/19/2021 04/19/21 | For Rent | $900 | -- | -- |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $10,808 | $845,086 | $211,268 | $633,818 |
| 2023 | $10,604 | $828,517 | $207,126 | $621,391 |
| 2022 | $10,410 | $812,272 | $203,065 | $609,207 |
| 2021 | $10,316 | $796,346 | $199,084 | $597,262 |
| 2020 | $10,008 | $788,181 | $197,043 | $591,138 |
| 2019 | $9,966 | $772,728 | $193,180 | $579,548 |
| 2018 | $8,947 | $757,578 | $189,393 | $568,185 |
| 2017 | $8,893 | $742,725 | $185,680 | $557,045 |
| 2016 | $8,620 | $728,163 | $182,040 | $546,123 |
| 2015 | $8,520 | $717,226 | $179,306 | $537,920 |
| 2014 | $7,905 | $703,177 | $175,794 | $527,383 |
Source: Public Records
Agents Affiliated with this Home
-
Jim Magliulo
-
Richard White
Buyer's Agent in 2025
Richard White
Konocti Realty
(707) 536-7858
10 in this area
81 Total Sales
-
Phil Smoley
P
Seller's Agent in 2021
Phil Smoley
Country Air Properties
(707) 264-5500
6 in this area
22 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: LC24210045
APN: 025-611-370-000
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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
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