3871 Country Club DR, Clearlake, CA 95422
3871 Country Club DR, Clearlake, CA 95422
3871 Country Club DR, Clearlake, CA 95422
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Kamala Venkatesan

Kamala Venkatesan

+1(408) 807-3483
Listed by Steve Belluomini • Corcoran Icon Properties, DRE#01095848
$1,300,000
Est. payment /mo
8,096 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 8,096 sqft

Price per Sqft $160

MLS Listing ID ML82061558

Year Built 1953

Lot Size 1.230 Acres

Property Sub-Type Five or More Units

Property Description

Attractive 15-unit multifamily investment opportunity located at 3871-3901 Country Club Dr in Clearlake, CA, situated on an expansive 1.23-acre site across three separate parcels. The property consists of three buildings with a diverse unit mix offering broad tenant appeal and operational flexibility, plus one vacant lot. Recent capital improvements include new electrical panels throughout the property and replacement of all AC units within the past 10 years. Several units have been renovated, while the majority remain in well-maintained original condition, providing an opportunity for a new owner to pursue a targeted value-add strategy through interior upgrades. Additional upside may be available through operating efficiencies and potential utility cost recovery. Ownership can evaluate implementation of a RUBS program for water, sewer, and garbage, subject to applicable laws and regulations. With substantial land, existing cash flow, recent capital improvements, and multiple avenues for increasing income, this asset presents an opportunity to acquire an established multifamily property with long-term value-add potential. Parcels: 037-303-240-000 (3871 Country Club Dr), 037-303-360-000 (3891 Country Club Dr), 037-303-350-000 (3890 Country Club Dr).

Location

State CA

County Lake

Area Lake County

Zoning LDR

Interior

Heating Other

Cooling Other

Exterior

Parking Features Parking Area

Utilities Available Public Utilities

Roof Type Shingle

Building

Foundation Concrete Slab

Sewer Other

Water Public

Others

Restrictions Other

Tax ID 037-303-240-000

Security Features None

Special Listing Condition Not Applicable

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Kamala Venkatesan

Kamala Venkatesan

+1(408) 807-3483

Agent License ID: DRE# 01387418

Agent License ID: DRE# 01387418

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