NOT LISTED FOR SALE

3317 E State Hwy 20 Nice, CA 95464

Studio
-- Bath
10,000 Sq Ft
0.97 Acres

Last Sold October 26, 2022

Last sale price $600,000 $60 Per Sq Ft

160 Days on Market

Highlights

  • Lake Front
  • 0.97 Acre Lot
  • Property is near public transit
  • Fishing
  • Community Lake
  • Hiking Trails

About This Home

As of October 2022

LAKE COUNTY MULTI FAMILY INVESTMENT PROPERTY. This established mobile home park offers 22 RV/Mobile home sites and an additional LAKE FRONT home. The north side of the park has direct access to Hwy 20 and is just minutes away from downtown Nice. The south side of the park is accessed from Lakeshore Blvd and is directly across the street from beautiful Clear Lake. The purchase of this property includes 17 units, which are currently sub-metered for electricity and the monthly cost is added to the tenants rent. An additional home is directly on the lakes edge and has an unobstructed view of Mt. Konocti across the water. Currently this home is being used by the property manager but, because this sit across the street from the park, it can be used as a personal oasis for you and your family to enjoy! This affordable mobile home park is priced to sell and ready for some TLC to bring it back to its full potential.

Last Agent to Sell the Property

Jim Magliulo

Country Air Properties License #01852966 Listed on: 05/13/2022

Last Buyer's Agent

Jim Magliulo

Country Air Properties License #01852966 Listed on: 05/13/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 0.97 Acre Lot
  • Lake Front
  • Property fronts a highway
  • No Common Walls
  • Level Lot
  • Density is up to 1 Unit/Acre

Home Design

  • 10,000 Sq Ft Home

Additional Features

  • Property is near public transit
  • Propane

Listing and Financial Details

  • Tax Lot 74A
  • Assessor Parcel Number 032243010000
  • $4,008 per year additional tax assessments

Community Details

Overview

  • 23 Buildings
  • 23 Units
  • Community Lake

Recreation

  • Fishing
  • Water Sports
  • Hiking Trails

Building Details

  • Rent Control
  • 23 Separate Electric Meters
  • Gross Income $106,000
  • Net Operating Income $35,551

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street, Highway
  • Road Surface Type: Paved
  • Zoning: CR
  • Property Type: Residential Income
  • Parcel Number: 032243010000
  • Year Built: 1961
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Common Walls: No Common Walls
  • Price Per Square Foot: 60.00

Exterior Features

  • Pool Private: No

Utilities

  • Utilities: Electricity Connected, Propane, Sewer Connected, Water Connected
  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Fishing, Hiking, Lake, Watersports

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Level with Street, Near Public Transit
  • Lot Size Sq Ft: 42406.00
  • Lot Size Acres: 0.9735

Multi Family

  • Average Studio Area: 500 Square Feet
  • Gross Income: 106000.00
  • Gross Scheduled Income: 106000.00
  • Lot Size Area: 42406.0000 Square Feet
  • Net Operating Income: 35551.00
  • Number Of Separate Electric Meters: 23
  • Number Of Units Total: 23
  • Operating Expense: 70449.00
  • Rent Control: Yes
  • Waterfront Features: Lake Front

Tax Info

  • Tax Census Tract: 5.02
  • Tax Lot: 74A
  • TaxOtherAnnualAssessmentAmount: 4008.00
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/26/2022 10/26/22 Sold $600,000 -7.7% $60 / Sq Ft
09/29/2022 09/29/22 Price Changed $650,000 -7.1% $65 / Sq Ft
05/13/2022 05/13/22 For Sale $700,000 -- $70 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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
2025 $6,968 $624,240 $416,160 $208,080
2024 $7,040 $612,000 $408,000 $204,000
2023 $6,759 $600,000 $400,000 $200,000
2022 $4,100 $342,916 $199,504 $143,412
2021 $4,008 $336,193 $195,593 $140,600
2020 $3,809 $332,747 $193,588 $139,159
2019 $3,858 $326,224 $189,793 $136,431
2018 $3,503 $319,828 $186,072 $133,756
2017 $3,420 $313,558 $182,424 $131,134
2016 $3,383 $307,411 $178,848 $128,563
2015 $3,336 $302,794 $176,162 $126,632
2014 $3,281 $296,864 $172,712 $124,152
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LC22100951

California Regional Multiple Listing Service (CRMLS)