Description
Live in one and rent the others! A unique opportunity in the heart of Lakeport, this established triplex offers the flexibility to create a home while generating income from the other two units. With one unit expected to become available October 1st, an owner-occupant may have the opportunity to move in while continuing to collect rent from the remaining units. The property features three 1-bedroom, 1-bath units with current total rents of $3,625 per month while fully occupied. Long-term tenants would like to remain, providing established rental history and income for a future owner. Each unit has its own private entrance and unique layout, including a larger rear unit with private outdoor space and a distinctive loft-style bedroom in Unit 2. Important recent improvements include a 2025 GAF Timberline HDZ 50-year composition roof with Golden Pledge warranty and mini-split heating and cooling systems. The property also offers three separate electric meters, off-street parking, a storage shed and a spacious shaded backyard with room to relax or garden. Located just blocks from downtown Lakeport, Clear Lake, the public boat launch, parks, restaurants, shopping and local amenities, 125 S Forbes offers flexibility for both owner-occupants and investors. Live in one and let the other units help offset your housing expenses, or continue operating the property as an established income-producing triplex.
Details
| MLS # | LC26173498 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1930 |
| Days On Site | 80 |
| Listing Provided By | W Real Estate | Trista Fossa |
Features
| SQ Feet | 1,422 |
|---|---|
| Story(s) | 2 |
| Units | 3 |
| Building(s) | 1 |
| Acreage | 0.13 |
Interior
| Cooling | Ductless |
|---|---|
| Cooling Yes / No | Yes |
Exterior
| Roof | Composition |
|---|---|
| Construction Materials | Wood Siding |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Utilities | Electricity Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Biking, Curbs, Lake, Park, Rural, Sidewalks, Water Sports, Fishing |
|---|
Area Information
| State | CA |
|---|---|
| County | Lake |
| City | Lakeport |
| Zip Code | 95453 |
| Area | LCLPS Lakeport South |
| Listing VS Median (in 95453) | |
Price: $517,700 low | high Med: $382,000 sqft: 1,422 low | high Med: 1,640 $ / sqft: $364 low | high Med: $233 On site: 80 low | high Med: 179 | |
Market Activity 95453
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Learn More About This Property
| State | CA |
|---|---|
| County | Lake |
| City | Lakeport |
| Zip Code | 95453 |
| Area | LCLPS Lakeport South |
| Listing VS Median (in 95453) | |
Price: $517,700 low | high Med: $382,000 sqft: 1,422 low | high Med: 1,640 $ / sqft: $364 low | high Med: $233 On site: 80 low | high Med: 179 | |
