Description
Investment opportunity in the heart of Lakeport! This charming and established triplex offers three 1-bedroom, 1-bath units, all currently occupied, providing immediate rental income from day one. Current rents total $3,625 per month, with long-term tenants who would like to remain, offering an attractive opportunity for an investor looking for an already-performing property. Classic character and a welcoming covered porch are complemented by important recent improvements, including a 2025 GAF Timberline HDZ-50 year composition roof with Golden Pledge warranty and mini-split heating and cooling systems. Each unit has its own private entrance, and the property features three separate electric meters, off-street parking, a storage shed, and a spacious shaded backyard with room to relax or garden. The three units each offer their own unique layout, including a larger rear unit with private outdoor space and a distinctive loft-style bedroom in Unit 2. Conveniently located just blocks from downtown Lakeport, Clear Lake, the public boat launch, parks, restaurants, shopping and local amenities, this property combines location, established rental history and recent capital improvements in one appealing investment package. Whether adding to an existing portfolio or purchasing a first income property, 125 S Forbes offers an opportunity to acquire an established three-unit property in the heart of Lakeport.
Details
| MLS # | LC26173498 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1930 |
| Days On Site | 17 |
| Listing Provided By | W Real Estate | Trista Fossa |
Features
| SQ Feet | 1,422 |
|---|---|
| Story(s) | 2 |
| Units | 3 |
| Building(s) | 1 |
| Acreage | 0.13 |
Interior
| Cooling | Ductless |
|---|---|
| Cooling Yes / No | Yes |
Exterior
| Roof | Composition |
|---|---|
| Construction Materials | Wood Siding |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Utilities | Electricity Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Biking, Curbs, Lake, Park, Rural, Sidewalks, Water Sports, Fishing |
|---|
Area Information
| State | CA |
|---|---|
| County | Lake |
| City | Lakeport |
| Zip Code | 95453 |
| Area | LCLPS Lakeport South |
| Listing VS Median (in 95453) | |
Price: $527,000 low | high Med: $387,000 sqft: 1,422 low | high Med: 1,640 $ / sqft: $371 low | high Med: $236 On site: 17 low | high Med: 116 | |
Market Activity 95453
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Learn More About This Property
| State | CA |
|---|---|
| County | Lake |
| City | Lakeport |
| Zip Code | 95453 |
| Area | LCLPS Lakeport South |
| Listing VS Median (in 95453) | |
Price: $527,000 low | high Med: $387,000 sqft: 1,422 low | high Med: 1,640 $ / sqft: $371 low | high Med: $236 On site: 17 low | high Med: 116 | |
