3885 Alvita Avenue

3885 Alvita Avenue

3885 alvita Ave, Clearlake, CA 95422

10.83% Cap rate - 7 unit Multi Family Investment Opportunity. A total of 5 structures and 7 units at approximately 4,250 SF and sits on approximately a half acre of land, in an Opportunity Zone! This one of a kind Multi-Family property is walking distance to downtown shops and restaurants. Features the following: 7 Live-in units (1) studio, (4) 2bedroom/1 bath and (2) 1 bedroom/1bath units, Laundry room - with approximately $100 a month in income from laundry machines (not included in the cap rate), 3 storage areas, ample parking and lake access. Note: Zoning code - Commercial downtown(Up to 12 units on this half acre parcel) 25 units per acre, but not including other hotel / motel units. Call planning 707-994-8201 General plan - plans off lake shore to update downtown:https://clearlake.ca.us/314/General-Plan Live work, retail, high density residential, mixed use (max height 35 feet under zoning code, but can go up to 65 feet in certain areas, depending on set back requirements, private space, parking, landscape etc.)


4,250 Sq.Ft. LIVING AREA

0.5 Acres lot

Carmen Gray

Carmen Gray

Features & Amenities


  • Total bathrooms4
  • full bathrooms4
  • Laundry room Coin Operated, In Common Area

Area & Lot

  • Status Sold
  • Living Area4,250 Sq.Ft.
  • Lot Area0.5 Acres
  • MLS® ID323921354
  • TypeOther
  • YEAR BUILT1940


  • water SourcePublic
  • lot featuresOther
  • parkingOther
  • HEAT TYPEOther
  • sewerPublic Sewer
  • other exterior FeaturesOther


  • Sales Price$620,000
  • Zoning multi family

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