$437,000
$450,000
2.9%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 10/24/2018
Key Details
Sold Price $437,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID LC18177323
Sold Date 10/24/18
HOA Y/N No
Year Built 1944
Property Description
Building is approximately a total of 5,000sf and consists of a ground floor retail space(1000sf), ground floor 3bd/1ba residential unit(1500sf), and four residential units upstairs(2500sf). Property is centrally located in the design district of Clearlake with excellent visibility on the corner of Lakeshore Dr and Mullen Ave. Property is within walking distance to the lake, restaurants, shopping, parks, etc. The building is well maintained and offers plenty of onsite parking as well as a 5 car garage. Investment reflects a 8.87% CAP Rate.
Location
State CA
County Lake
Area Lcclw - Clearlake West
Interior
Fireplace No
Laundry See Remarks
Building
Lot Description Corner Lot
Water Public
Others
Tax ID 0401823600
Acceptable Financing Cash, Cash to New Loan, Conventional, Owner Will Carry, Owner May Carry
Listing Terms Cash, Cash to New Loan, Conventional, Owner Will Carry, Owner May Carry
Financing Seller Financing
Special Listing Condition Standard
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Bought with August Schmitt • REMAX Champions
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "