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Listed by Trista Fossa • W Real Estate
$527,000
Est. payment /mo
1,422 SqFt
UPDATED:
Key Details
Property Type Townhouse
Sub Type Townhouse
Listing Status Active
Purchase Type For Sale
Square Footage 1,422 sqft
Price per Sqft $370
MLS Listing ID LC-26173498
Style Victorian
Year Built 1930
Lot Size 5,663 Sqft
Property Sub-Type Townhouse
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Investment opportunity in the heart of Lakeport! This charming and established triplex offers three 1-bedroom, 1-bath units, all currently occupied, providing immediate rental income from day one. Current rents total $3,625 per month, with long-term tenants who would like to remain, offering an attractive opportunity for an investor looking for an already-performing property.
Classic character and a welcoming covered porch are complemented by important recent improvements, including a 2025 GAF Timberline HDZ composition roof with Golden Pledge warranty and mini-split heating and cooling systems. Each unit has its own private entrance, and the property features three separate electric meters, off-street parking, a storage shed, and a spacious shaded backyard with room to relax or garden.
The three units each offer their own unique layout, including a larger rear unit with private outdoor space and a distinctive loft-style bedroom in Unit 2. Conveniently located just blocks from downtown Lakeport, Clear Lake, the public boat launch, parks, restaurants, shopping and local amenities, this property combines location, established rental history and recent capital improvements in one appealing investment package. Whether adding to an existing portfolio or purchasing a first income property, 125 S Forbes offers an opportunity to acquire an established three-unit property in the heart of Lakeport.
Classic character and a welcoming covered porch are complemented by important recent improvements, including a 2025 GAF Timberline HDZ composition roof with Golden Pledge warranty and mini-split heating and cooling systems. Each unit has its own private entrance, and the property features three separate electric meters, off-street parking, a storage shed, and a spacious shaded backyard with room to relax or garden.
The three units each offer their own unique layout, including a larger rear unit with private outdoor space and a distinctive loft-style bedroom in Unit 2. Conveniently located just blocks from downtown Lakeport, Clear Lake, the public boat launch, parks, restaurants, shopping and local amenities, this property combines location, established rental history and recent capital improvements in one appealing investment package. Whether adding to an existing portfolio or purchasing a first income property, 125 S Forbes offers an opportunity to acquire an established three-unit property in the heart of Lakeport.
Location
State CA
County Lake
Area Lclps - Lakeport South
Interior
Laundry None
Exterior
Pool None
Community Features Biking, Curbs, Fishing, Lake, Park, Rural, Sidewalks, Watersports
Utilities Available Sewer Connected, Water Connected, Electricity Connected
Building
Sewer Public Sewer
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Nearby Locations
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900