4724 South Terrace Avenue

Lakeport, CA 95453

$820,000
Price
6
Beds
5
Baths
2,350 Sq. Ft.
$349 / Sq. Ft.
2,350
Sq. Ft.
$349
per Sq. Ft.

Description

This property has great potential and is in excellent condition. Located in North Lakeport with views of the lake and mountains. It has been remodeled, and updated. It is close to town and stores. The property sits on over a acre and is across the street from the lake. There are THREE homes on the parcel all are move-in ready and in for extended family or tenants. The main house is a 4 bedrooms, 3 bath home. The second home is a 2 bedroom, 1 bath home with a covered deck for your outdoor enjoyment....This property has great potential and is in excellent condition. Located in North Lakeport with views of the lake and mountains. It has been remodeled, and updated. It is close to town and stores. The property sits on over a acre and is across the street from the lake. There are THREE homes on the parcel all are move-in ready and in for extended family or tenants. The main house is a 4 bedrooms, 3 bath home. The second home is a 2 bedroom, 1 bath home with a covered deck for your outdoor enjoyment. The third home is attached to the main house and is a 1 bedroom, 1 bath apartment. There is a 3 car garage and plenty of parking even for an RV. There is approximate 1/2 acre of level, R3 zoned vacant lot on Lakeshore Blvd....perfect for
building up tp twenty more rental units. It is also close to the Hospital for your convenience. Come take a look, beautiful location.
  1. Listed by Phylis Swegle • DRE #01450702 • Country Air Properties

Property Details for 4724 South Terrace Avenue

Architectural Style
Craftsman
Parking Spaces Total
3
Private Pool
No
Total Units
3.0
Lot Size Source
Assessor
Property Attached YN
false
Common Walls
No Common Walls
New Construction
No

Location

Listing Courtesy of Country Air Properties, Phylis Swegle, DRE #01450702
Add your commute
LISTING UPDATED: 01/24/2023 05:27 AM

Property Details for 4724 South Terrace Avenue

StatusActive
MLS #LC22000895
Days on Compass244
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1982
Lot Size1.10 AC / 47,916 SF
CountyLake County

Location

Listing Courtesy of Country Air Properties, Phylis Swegle, DRE #01450702
Add your commute

Building Information for 4724 South Terrace Avenue

Stories1Residences-Year Built1982Building Size-Lot Size1.10 AC / 47,916 SF

Payment Calculator

$4,651 per month

30 year fixed, 6.73% Interest

Principal and Interest

$4,246

Property Taxes

$405

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4724 South Terrace Avenue

Income / Expense / Tax Details
    Income Details
  • Gross Income: $45,000
  • Gross Scheduled Income: $45,000
  • Net Operating Income: $26,285
  • Current Financing: Private
    Expense Details
  • Operating Expense: $18,715
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $3,000
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $3,000
    Tax / Assessment Info
  • Tax Census Tract: 3.00
  • CFD/Mello-Roos Fee: $4,667
  • Tax Lot: 5,6
Community / Development
    Community / Development
  • Assessments YN: Yes
  • Assessments: Special Assessments
  • Community Features: Biking, Dog Park, Fishing, Foothills, Golf, Hiking, Park, Watersports, Mountainous
Property / Structure Info
    Interior Features
  • Appliances: Electric Range
  • Laundry: Yes
  • Laundry Features: Inside
  • Fireplace Features: None
  • Flooring: Vinyl
    Exterior Features
  • Security Features: Smoke Detector(s)
  • Construction Materials: Asphalt, Stucco
  • Exterior: Stucco
  • Exterior Features: Awning(s), Rain Gutters
  • Waterfront Features: Across the Road from Lake/Ocean
  • Pool Features: None
  • Pool: N/K
  • Spa Features: None
    Land/Lot Info
  • Lot Features: 2-5 Units/Acre, Back Yard, Front Yard
  • Land Lease: No
  • Road Surface Type: Paved
  • Road Frontage Type: City Street
  • Levels: One
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
  • Water Source: Public, Well
    Parking Info
  • Garage Spaces: 3
  • Parking: Yes
  • Parking Features: Carport, Driveway, Gravel, Driveway Level, Garage Faces Front
Unit Information
    Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $26,400
  • Unit Type Total Rent: $26,400
  • Unit Type Pro Forma: 24456
  • Unit Type Type: 1
    Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $10,200
  • Unit Type Total Rent: $10,200
  • Unit Type Pro Forma: 8256
  • Unit Type Type: 2
    Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $8,400
  • Unit Type Total Rent: $8,400
  • Unit Type Pro Forma: 6456
  • Unit Type Type: 3
    Unit Information
  • Number Of Units Leased: 3
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 3

Property History for 4724 South Terrace Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4724 South Terrace Avenue

Taxable ValueLand$139,386Additions$257,327Total$396,713
Tax Record2022$4,859 ($405 / month)
Home Facts
Baths3.5Total Finished SqFt2,350 SqFtAbove Grade Finished SqFt2,350 SqFtLot Size47,916 SqFtStyleMulti-Family Dwelling (2-4)Year Built1982ZoningR3CountyLAKEAPN029-311-100-000Fireplace TypeHas Fireplace

Schools near 4724 South Terrace Avenue

This home is within Lakeport Unified School District.
RatingSchoolTypeGradesDistance
Public - K to 3
Public - 4 to 8
Public - 9 to 12
Public - 6 to 10
RatingSchoolDistance
Lakeport Elementary School
PublicK to 3

Terrace School
Public4 to 8

Clear Lake High School
Public9 to 12

Lakeport Community Day School
Public6 to 10

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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4724 South Terrace Avenue is a multi-family home for sale in Lakeport, CA 95453. This property was listed for sale on January 3, 2022 by Country Air Properties at $820,000. It has been on the market for a total of 244 days and was last sold on February 1, 2018. This listing's school district is Lakeport Unified School District. Nearby schools include Lakeport Elementary School, Terrace School and Clear Lake High School. 4724 South Terrace Avenue is a 6-bed, 5-bath, 2,350 sqft multi-family home built in 1982.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Country Air Properties, Phylis Swegle, DRE #01450702

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.