ActiveResidential · sale

302 N Main Street

Lakeport, CA 95453

$920,000

  • 0.09 acres
  • Built 1900

Listed by Pivniska Real Estate Group · MLS #LC25187749

302 N Main Street, Lakeport, CA 95453 — photo 1 View full photo
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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1900.

Property size

0.09 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

Incredible opportunity to own a historic yet modern property in the most prime location in Lake Countys burgeoning commercial real estate market Located in the heart of downtown Lakeport and only steps away from the lake the property offers prime visibility accessibility and proximity to dining shopping and recreation Discover an extraordinary versatile mixeduse retail and multifamily building that seamlessly blends historic charm with modern upgrades making it a standout investment The entire building was taken down to the studs and expertly renovated between 2018 and 2022 with no expense spared The full renovation of this property has transformed it into a modern hightech masterpiece where only the finest quality fixtures and finishes were meticulously applied creating a pristine and sophisticated offering Fabulous retail or gallery space on the main street level featuring soaring 13foottall ceilings with gorgeous historic brick walls as a backdrop Complimented by modern highend lighting mini split systems for heatingcooling multiple storage rooms and restroom With its own designated street entrance upstairs you will find TWO luxury apartments currently operating as successful 5 STAR vacation rentals The first apartment overlooks main street and has views of the Courthouse Museum Square and clock tower In the secondary apartment you will find amazing lake views you can enjoy from the private balcony overlooking Clear Lake and Library Park Prepare to be stunned by the design features of these 2 units including uniquely tiled bathrooms custom vanities luxury vinyl plank flooring recessed lighting custom cabinetry LG ThinQ smart appliances mini split systems big picture windows and so much more Other infrastructure upgrades include professional alarm system and fire sprinklers with alarm going directly to the fire station The building enjoys free Wifi as it houses a satellite on top that provides services for the downtown area 2 parking spaces included on the backside of building leading to the back entrance of the main floor Zoned Central Business allowing for many different uses including retail cafe barstaverns professional offices and much more Dont miss this amazing opportunity for a truly turnkey investment property offering endless possibilities
Explore the locationMore properties in Lakeport

THE NEIGHBORHOOD

Explore the location.

302 N Main Street, Lakeport, CA 95453

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THE DETAILS

The details, all in one place.

Property type
ResidentialIncome
Category
Residential
Year built
1900
Garage spaces
0
Cooling
Ductless,Electric,HighEfficiency
Heating
Ductless,Electric,HighEfficiency
Utilities
ElectricityConnected,SewerConnected
Fencing
None
Pool
No
Pool features
None
Parcel
025383190000

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—
Estimated monthly rent$3,833.33
Cap rate—

Annual operating income: —

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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302 N Main Street, Lakeport, CA 95453 · MLS #LC25187749

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Property inquiries go to help@erabrokers.com.

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Listing information

MLS #LC25187749 · California Regional MLS

Listing brokerage: Pivniska Real Estate Group
Listing agent: Iris Angeleri

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.