3885 alvita Avenue
3885 alvita Avenue
3885 alvita Avenue
3885 alvita Avenue
3885 alvita Avenue
3885 alvita Avenue
3885 alvita Avenue
3885 alvita Avenue
3885 alvita Avenue
SEE ALL PHOTOS
3885 alvita Avenue
3885 alvita Avenue
3885 alvita Avenue
3885 alvita Avenue
3885 alvita Avenue
3885 alvita Avenue
3885 alvita Avenue
3885 alvita Avenue
3885 alvita Avenue
Active Under Contract

3885 alvita Avenue

3885 alvita Avenue, Clearlake, CA 95422

$640,000
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

Armando Lincoln

Armando Lincoln

Features & Amenities

Interior

  • Laundry room Coin Operated, In Common Area

Area & Lot

  • Status Active Under Contract
  • Living Area4,250 Sq.Ft.
  • Lot Area0.5 Acres
  • MLS® ID323921354
  • TypeMulti-Family
  • YEAR BUILT1940

Exterior

  • water SourcePublic
  • lot featuresOther
  • parkingOther
  • HEAT TYPEOther
  • AIR CONDITIONINGWall Unit(s)
  • sewerPublic Sewer
  • other exterior FeaturesOther

Financial

  • Sales Price$640,000

Schedule a Showing

I would love to show you this beautiful property. Please select your preferred date and time below. I will be in touch shortly to confirm your appointment.

Schedule a Showing

I would love to show you this beautiful property. Please select your preferred date and time below. I will be in touch shortly to confirm your appointment.

By providing Carmen Gray your contact information, you acknowledge and agree to our Privacy Policy and consent to receiving marketing communications, including through automated calls, texts, and emails, some of which may use artificial or prerecorded voices. This consent isn’t necessary for purchasing any products or services and you may opt out at any time. To opt out from texts, you can reply, ‘stop’ at any time. To opt out from emails, you can click on the unsubscribe link in the emails. Message and data rates may apply.
Thank you for your interest in 3885 alvita Avenue, Clearlake, CA 95422. We are reviewing your request and will be in touch shortly!

Mortgage Calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

$0,000 Your Payment 20 15 65
$0,000 Your Payment

Work with Carmen

Get assistance in determining current property value, crafting a competitive offer, writing and negotiating a contract, and much more. Contact me today.

Follow Carmen on Instagram