NOT LISTED FOR SALE

Clear Lake, CA 95422

Estimated Value: $574,683

5 Beds
4 Baths
1,800 Sq Ft
$319/Sq Ft Est. Value

Last Sold June 16, 2021

Last sale price $530,000 $294 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,546/month

8 Days on Market

Highlights

  • Lake View
  • No HOA
  • Carpet
  • 26,138 Acre Lot
  • Laundry Facilities
  • 4-minute walk to Highlands Park

About This Home

As of June 2021

Great opportunity to invest in a Multi- unit investment property on the lake front, with beautiful views of the lake. It consists of one 2 bedroom house with 6 one bedroom/ 1 bath apartments. Comes with 100 feet of beach front with beautiful views of Mt.Knocti and a large vacant area for picnics and Family entertainment. All units are fully rented with a manager on site. Lota of opportunities and possibilities for an investor with a dream. The adjacent property # 141511 Lakeshore drive is also for sale. can be purchased together or separately to increase the income and consolidate the expenses. Property sold AS IS.

Last Agent to Sell the Property

Sashi Narayan

eXp Realty of California Inc. License #01495406 Listed on: 05/11/2021

eXp Realty of California Inc.

Last Buyer's Agent

Sashi Narayan

eXp Realty of California Inc. License #01495406 Listed on: 05/11/2021

eXp Realty of California Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,626

Year Built

  • Built in 1958

Lot Details

  • 26,138 Acre Lot
  • Irregular Lot

Parking

  • 1 Car Garage
  • Open Parking

Property Views

  • Lake
  • City Lights
  • Hills

Home Design

  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Electric Cooktop

Flooring

  • Carpet
  • Linoleum

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for electricity, cable TV
  • Assessor Parcel Number 040-183-140-000

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 7 Units

Amenities

  • Laundry Facilities

Building Details

  • 7 Units Leased Month-To-Month
  • Insurance Expense $3,200
  • Maintenance Expense $4,600
  • Other Expense $2,000
  • Professional Management Expense $2,000
  • Operating Expense $2,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,626

Year Built

Built in 1958

Lot Details

0

Parking

1

Listing Details

  • Property Type: ResidentialIncome
  • Subtype Description: Mixed Use,Apartments
  • Property Subtype 1: 5 or More Units
  • Stories: 1
  • Year Built: 1958
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Varies By Unit, Electric Cook Top
  • Flooring: Linoleum, Carpet

Exterior Features

  • Construction Materials: Wood, Frame
  • Disclosures/Documents: Natural Hazard Disclosure Available
  • Listing Price: 525000.00
  • Lot Features: Sidewalk, Shape Irregular
  • Roof: Composition
  • View Description: Lake, Hills, City Lights

Garage/Parking

  • Garage Spaces: 1.00
  • Parking Features: Varies by Unit, Open
  • Total Parking Spaces: 8.00

Utilities

  • Sewer: In & Connected
  • Utilities: City, Cable Available
  • Cooling: Wall Unit(s)
  • Heating: Wall Furnace
  • Laundry Features: In Common Area
  • Water Source: Public
  • Separate Meters: Varies by Unit,Electricity

Condo/Co-op/Association

  • Association: No

Lot Info

  • Zoning Description: C3
  • Lot Size Acres: 26138.0000
  • Lot Size Sq Ft: 1138571280.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Cable TV
  • Lease Term: Month To Month
  • Total # Leasable: 7

Multi Family

  • Operating Expense: 2400
  • Insurance Expense: 3200
  • Maintenance Expense: 4600
  • Number of Month to Month Units: 7
  • Number of Units: 7
  • One Bedroom Annual Occupancy: 100
  • Two Bedroom Annual Occupancy: 100
  • One Bedrooms Occupied: 6
  • Two Bedrooms Occupied: 1
  • 1 Bedroom Rent Range: 895-900
  • Two Bedroom Rent Range: 0
  • Three Bedroom Rent Range: 0
  • Four Bedroom Rent Range: 0
  • Studio Rent Range: 895-900

Tax Info

  • Assessor Parcel Number: 040-183-140-000
  • Current RE Taxes: 3626

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 11, 2021
Closed on
Jun 10, 2021
Sold by
Ching Luis M and Chan Julia L
Bought by
Cherlopalle Vasudev and Shekar Roopa
Seller's Agent
Sashi Narayan
eXp Realty of California Inc.
Buyer's Agent
Sashi Narayan
eXp Realty of California Inc.
List Price
$525,000
Sold Price
$530,000
Premium/Discount to List
$5,000
0.95%
Current Estimated Value
$574,683

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,683
Avg. Annual Appreciation
1.78%
Original Mortgage
$410,000
Outstanding Balance
$370,394
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$204,289

Purchase Details

Listed on
Mar 8, 2013
Closed on
May 24, 2013
Sold by
Ining Elisa Tan and Elisa Tan Ining Living Trust
Bought by
Ching Luis M and Chan Julia L
Seller's Agent
Darrell Watkins
Clearlake Realty, Inc.
Buyer's Agent
Shirley Cooper
Realty World-David R Hughes & Associates
List Price
$279,500
Sold Price
$250,000
Premium/Discount to List
-$29,500
-10.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.78%
Original Mortgage
$155,000
Interest Rate
3.38%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Mar 29, 2013
Sold by
Morelund Karol and Morelund Miroslava
Bought by
Ining Elisa Tan and The Elisa Tan Ining Living Tru

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
3.38%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 22, 2013
Sold by
Morelund Karol and Morelund Miroslava
Bought by
The Elisa Tan Ining Living Trust

Purchase Details

Closed on
Nov 14, 2003
Sold by
Morelund Karol and Morelund Miroslava
Bought by
Gonzales Rick and Gonzales Angela

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
5.89%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Cherlopalle Vasudev $530,000 Fidelity National Title Co
Ching Luis M $250,000 First American Title Company
Ining Elisa Tan $182,840 None Available
The Elisa Tan Ining Living Trust $182,840 None Available
Gonzales Rick -- Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cherlopalle Vasudev $410,000
Previous Owner Ching Luis M $155,000
Previous Owner Gonzales Rick $215,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/16/2021 06/16/21 Sold $530,000 +1.0% $294 / Sq Ft
05/19/2021 05/19/21 Pending -- -- --
05/11/2021 05/11/21 For Sale $525,000 +110.0% $292 / Sq Ft
05/29/2013 05/29/13 Sold $250,000 -10.6% $156 / Sq Ft View Prior Sale
03/19/2013 03/19/13 Pending -- -- --
03/08/2013 03/08/13 For Sale $279,500 -- $175 / Sq Ft
Source: MetroList

Tax History Compared to Growth

Source: Public Records

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 $6,850 $573,688 $140,716 $432,972
2024 $6,771 $562,440 $137,957 $424,483
2023 $6,689 $551,412 $135,252 $416,160
2022 $59,896 $290,090 $162,451 $127,639
2021 $3,668 $284,403 $159,266 $125,137
2020 $3,626 $281,487 $157,633 $123,854
2019 $3,475 $275,969 $154,543 $121,426
2018 $20,974 $270,559 $151,513 $119,046
2017 $3,313 $265,255 $148,543 $116,712
2016 $3,077 $260,055 $145,631 $114,424
2015 $3,024 $256,150 $143,444 $112,706
2014 $2,964 $251,134 $140,635 $110,499
Source: Public Records

Agents Affiliated with this Home

  • Sashi Narayan

    Seller's Agent in 2021

    Sashi Narayan

    eXp Realty of California Inc.

    (916) 628-7269

    4 Total Sales

    Sashi Narayan
    Section Image

  • D

    Seller's Agent in 2013

    Darrell Watkins

    Clearlake Realty, Inc.

  • S

    Buyer's Agent in 2013

    Shirley Cooper

    Realty World-David R Hughes & Associates

See All Agents

Source: MetroList

MLS Number: 321035819

MetroList

APN: 040-183-140-000

California Lake County Clearlake

95422

Not Listed for Sale

MultiFamily

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