NOT LISTED FOR SALE

380 5th St Lakeport, CA 95453

3 Beds
2 Baths
1,560 Sq Ft
5,619 Sq Ft Lot

Last Sold July 22, 2020

Last sale price $330,000 $212 Per Sq Ft

3 Days on Market

Highlights

  • Fishing
  • Community Lake
  • Corner Lot
  • Clear Lake High School Rated A-
  • Property is near public transit
  • 3-minute walk to County of Lake-Parks & Recreation-County? Add to Favorites

About This Home

As of July 2020

TWO LEASED HOMES on one parcel. Owner of the homes has for the past 25+ years maintained impeccable condition of both units and has not allowed for any deferred maintenance. The 2 bedroom, 1 1/2 bath, detached home is absolutely adorable with central heat and air, laundry inside, dual pane windows, blown insulation in the walls, and ceiling fans in the bedrooms and on the front porch. Home is small but extremely charming and lovable. The 2nd home fronts on North Brush street and is built above the garage. It is a one bedroom, one bath cozy and comfortable unit with dual pane windows, and blown insulation in the walls. It has two split units for heating and air conditioning, one in the bedroom and one in the living room. It also has laundry facilities available. Both units are leased. The tenant in the 2 bedroom is in his 2nd year lease and rent is $1,300 per month. All utilities are separate and paid by tenants The rent on the one bedroom home is $950 per month. Both tenants were well screened and are employed in Lake County with Essential Job status. Homes are located in the heart of Lakeport and only 4 blocks from the lake and beautiful library park, with boat launching ramps, grassy lawns, picnic tables, restaurants, and more. Truly an incredible value. Garage could be rented with either unit but right now it is not included in either lease and is used exclusively by the owner..another plus! Income from the two rentals provides a great return on investment.

Last Agent to Sell the Property

Nancy O'rourke

City Center Realty License #00495214 Listed on: 07/01/2020

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1940

Lot Details

  • 5,619 Sq Ft Lot
  • Lot Dimensions are 45 x111
  • Corner Lot
  • Level Lot
  • Front Yard

Parking

  • 3 Open Parking Spaces
  • 1 Car Garage

Home Design

  • Composition Roof

Interior Spaces

  • 1,560 Sq Ft Home
  • Ceiling Fan
  • Double Pane Windows
  • Neighborhood Views

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Water Heater
  • Cable TV Available

Additional Features

  • Shed
  • Property is near public transit

Listing and Financial Details

  • Tenant pays for all utilities
  • Assessor Parcel Number 025361050000

Community Details

Overview

  • 2 Units
  • Community Lake
  • Near a National Forest
  • Property is near a preserve or public land

Recreation

  • Fishing
  • Dog Park
  • Water Sports
  • Hiking Trails
  • Bike Trail

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Water Meters

Home Details

Home Type

Single Family

Year Built

Built in 1940

Lot Details

0

Parking

1

Listing Details

  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Maintained
  • View: Yes
  • Property Sub Type: Single Family Residence
  • Property Type: Residential Income
  • Parcel Number: 025361050000
  • Year Built: 1940
  • Special Features: None

Interior Features

  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s)
  • Common Walls: No Common Walls
  • Appliances: Yes
  • Price Per Square Foot: 211.54
  • Window Features: Double Pane Windows

Exterior Features

  • Other Structures: Shed(s)
  • View: Neighborhood
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 1.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 3.00

Utilities

  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Dishwasher, Electric Range, Disposal, Refrigerator, Water Heater
  • Heating Type: Central
  • Laundry Features: Dryer Included, Electric Dryer Hookup, Inside, Washer Hookup, Washer Included
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Blm/National Forest, Curbs, Dog Park, Fishing, Hiking, Lake, Watersports, Preserve/Public Land, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Front Yard, Level with Street, Near Public Transit
  • Lot Size: 45 X111
  • Lot Size Sq Ft: 5619.00
  • Lot Size Acres: 0.1290
  • Latitude Manual: 39.04552600

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average1 Bed Area: 600 Square Feet
  • Average2 Bed Area: 960 Square Feet
  • Gross Scheduled Income: 27000.00
  • Insurance Expense: 12012.00
  • Lot Size Area: 5619.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number With Carpet: 2
  • Number With Drapes: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Rent Control: No
  • Total Actual Rent: 2250.00
  • Total Expenses: 15270.00

Tax Info

  • New Taxes Expense: 3500.00
  • Tax Census Tract: 4.00

Range of Values:

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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 Change Sq Ft Price
07/22/2020 07/22/20 Sold $330,000 +4.8% $212 / Sq Ft
07/04/2020 07/04/20 Pending -- -- --
07/01/2020 07/01/20 For Sale $315,000 -- $202 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: LC20127733

California Regional Multiple Listing Service (CRMLS)

APN: 025-361-05