6687 Blue Heron Drive

Upper Lake, CA 95485

$3,750,000
Price
3
Beds
46
Baths
20,500 Sq. Ft.
$183 / Sq. Ft.
20,500
Sq. Ft.
$183
per Sq. Ft.

Description

Owner has Beautifully maintained Blue Heron Gardens with excellent on-site management--continuously upgrading during his 25 years of operation. There are many long-term tenants, plus an historically low vacancy and turnover rate. Tenants appreciate having a coin operated laundry room on-site, and a large park-like exterior common area that includes picnic tables and BBQ. There are 21 2BR 1.5 Bath two-story Townhouses, and 4 1BR 1 Bath flats--with the upstairs featuring private exterior balconies....Owner has Beautifully maintained Blue Heron Gardens with excellent on-site management--continuously upgrading during his 25 years of operation. There are many long-term tenants, plus an historically low vacancy and turnover rate. Tenants appreciate having a coin operated laundry room on-site, and a large park-like exterior common area that includes picnic tables and BBQ. There are 21 2BR 1.5 Bath two-story Townhouses, and 4 1BR 1 Bath flats--with the upstairs featuring private exterior balconies. Each of the 25 Units have their own carport with plenty of additional parking. There are 5 buildings on 5 separate legal lots set up as 3 Fourplexes, one 5 Unit, & one 8 Unit bldg. "Actual" Cap Rate of +-5.5 includes "Actual Rents" with June 1, 2024 rent increases. An added "perk" (in addition to being a quality investment) is that Blue Heron Gardens is located in Lake County, CA--known to be an "outdoor paradise." For an investor from out of town, site visits would be something to look forward to! Across the street is the beautiful and expansive Clear Lake with over 68 square miles--which is CA's largest freshwater Lake. (Tahoe's larger but shared by NV). There are PICTURESQUE views, excellent restaurants, plentiful parks, and walking and hiking trails to enjoy--plus activities to watch or participate in such as camping, fishing, boating, skiing, swimming & kayaking. It is said that Clear Lake is "one of the top spots in the U. S. for fishing." It is also known as "The Bass Capital of the West," and has famous highly competitive local and national fishing tournaments held often--in fact, 93 remain to be held this year (per CA Fish & Wildlife). Water birds are plentiful too--including egrets, swans, BLUE HERONS, & pelicans plus Eagles are commonly seen. Bordering Napa County, Lake County is known for vineyards also--with over 9,000 acres planted, & over 30 "world class wineries" to visit. Upper Lake is just 30 miles East of Ukiah, 75 miles North of Santa Rosa & Napa, and 125 miles North of San Francisco and Sacramento.
  1. Listed by Sheryle McNamara • DRE #00575586 • Brokerage DRE #01522223 • Luxe Places International Realty • 707-621-4265

Property Details for 6687 Blue Heron Drive

Parking Spaces Total
50
Private Pool
No
Cooling Type
Heat Pump(s)
Total Units
25.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
20500
Assessor Parcel Number
031291050

Location

Listing Courtesy of Luxe Places International Realty, Sheryle McNamara, DRE #00575586
Add your commute
LISTING UPDATED: 04/08/2024 12:02 PM

Property Details for 6687 Blue Heron Drive

StatusActive
MLS #LC24063279
Days on Compass26
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1992
CountyLake County

Location

Listing Courtesy of Luxe Places International Realty, Sheryle McNamara, DRE #00575586
Add your commute

Building Information for 6687 Blue Heron Drive

Building/Complex6687 Blue Heron DrFloor-Stories2Residences-Pet Policy-Year Built1992Building Size-

Payment Calculator

$20,752 per month

30 year fixed, 7.25% Interest

Principal and Interest

$20,465

Property Taxes

$287

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6687 Blue Heron Drive

Rental Info
Rental Info
  • Tenant Pays: Electricity
Income / Expense / Tax Details
Income Details
  • Gross Income: $342,624
  • Gross Scheduled Income: $342,624
  • Vacancy Allowance: 10278
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $332,345
  • Net Operating Income: $206,897
  • Laundry Income: $4,200
  • Other Income Description: Included in Gross Scheduled In
  • Gross Multiplier: 10.95
  • Cap Rate: 5.5
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $125,448
  • New Taxes Expense: $45,000
  • Gardener Expense: $3,600
  • Fuel Expense: $0
  • Pest Control Expense: $1,800
  • Electric Expense: $4,560
  • Insurance Expense: $9,500
  • Maintenance Expense: $6,000
  • Professional Management Expense: $19,948
  • Other Expense: $2,400
  • Other Expense Description: Office
  • Trash Expense: $13,440
  • Water Sewer Expense: $19,200
  • Total Expenses: $125,448
Tax / Assessment Info
  • CFD/Mello-Roos Fee: $0
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Assessments YN: Yes
  • Assessments: Buyer to Verify
  • Community Features: Biking, Fishing, Hiking, Lake, Park, Watersports
Property / Structure Info
Interior Features
  • Appliances: Free-Standing Range, Refrigerator, Water Heater
  • Equipment: Laundry Area, Refrigerator
  • Interior Features: Balcony
  • Room Type: All Bedrooms Up, Kitchen, Living Room, See Remarks
  • Bedroom Features: All Bedrooms Up
  • Laundry: Yes
  • Laundry Features: Common Area
  • Laundry Equipment Own Lease: Own
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Heat Pump
  • Heating Type: Heat Pump
  • Heating: Heat Pump
  • Flooring: Carpet, Laminate, Tile, Vinyl
Exterior Features
  • Window Features: Double Pane Windows
  • Security Features: Smoke Detector(s)
  • Construction Materials: Wood Siding
  • Exterior Construction: Wood Siding
  • Exterior: Wood
  • Roof: Composition
  • Entry Location: 23 Floor - 2 Upstairs
  • Foundation Details: Slab
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Additional Parcels Description: 031-291-040,031-291-03,031-291-020,031-291-010
  • Lot Features: Level, Park Nearby
  • Number Of Units: 25
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: County Road, Private Road
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Parking Space
  • Uncovered Spaces: 25
  • Open Other Spaces Total: 25
  • Parking Garage Spaces: 0
  • Carport Spaces: 25
  • Parking Features: Detached Carport, Paved, Parking Space
Unit Information
Unit 1
  • Unit Type Units Total: 21
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $24,571
  • Unit Type Total Rent: $24,571
  • Unit Type Pro Forma: 24571
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,631
  • Unit Type Total Rent: $24,571
  • Unit Type Pro Forma: 3631
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 25
  • Rent Controlled: No
  • Number Of Buildings: 5
  • Number Of Separate Electric Meters: 25
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 5
  • Number With Range: 25
  • Number With Refrigerator: 25

Property History for 6687 Blue Heron Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 6687 Blue Heron Drive

Taxable ValueLand$37,660Additions$268,205Total$305,865
Tax Record2023$3,449 ($287 / month)
Home Facts
Baths1.5Total Finished SqFt4,900 SqFtAbove Grade Finished SqFt4,900 SqFtStories2Lot Size5,662 SqFtStyleTriplexYear Built1991Year Renovated1992ZoningR3CountyLAKEAPN031-291-010-000

Schools near 6687 Blue Heron Drive

Rating
School
Type
Grades
Distance
Private - 1 to 8
Rating
School
Distance
Westlake Seventh-Day Adventist
Private1 to 8

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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6687 Blue Heron Drive is a multi-family home for sale in Upper Lake, CA 95485. This property was listed for sale on April 5, 2024 by Luxe Places International Realty, it's currently listed at $3,750,000. Nearby schools include Westlake Seventh-Day Adventist. 6687 Blue Heron Drive is a 3-bed, 46-bath, 20,500 sqft multi-family home built in 1992.

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 Luxe Places International Realty, Sheryle McNamara, DRE #00575586

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, Shasta Association of REALTORS® 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, Shasta Association of REALTORS® 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.