125 South Forbes Street

Lakeport, CA 95453

$555,000
Price
3
Beds
3
Baths
1,422 Sq. Ft.
$390 / Sq. Ft.
1,422
Sq. Ft.
$390
per Sq. Ft.

Description

Historic charmer, live in one unit and rent the other two, or rent out this unique triplex in downtown Lakeport, averaging approximately 7% cap rate. Featuring 3 units, 1bed room one bath each, with off the street parking, storage shed, front yard, plus a shaded and private back yard with raised garden beds. Front 2 units are occupied with long term renters and back unit has been reserved for vacation rentals hosting fishermen, and tourists through the year. Only a couple of blocks away from the...Historic charmer, live in one unit and rent the other two, or rent out this unique triplex in downtown Lakeport, averaging approximately 7% cap rate. Featuring 3 units, 1bed room one bath each, with off the street parking, storage shed, front yard, plus a shaded and private back yard with raised garden beds. Front 2 units are occupied with long term renters and back unit has been reserved for vacation rentals hosting fishermen, and tourists through the year. Only a couple of blocks away from the public boat ramp, park, restaurants and shops. Back unit is the largest with private deck and direct access to the back yard, unit #2 has a loft bedroom and it is the smallest of the units. Front unit or #1 faces the street. All units have street entrance through the covered side deck.
  1. Listed by Mara Eichelmann • DRE #01987875 • Brokerage DRE #00899496 • Sotheby's International Realty • 707-485-2922

Property Details for 125 South Forbes Street

Architectural Style
Victorian
View
Neighborhood
Parking Spaces Total
4
Private Pool
No
Cooling Type
Ductless
Total Units
3.0
Building Type
Detached
Lot Size Source
Assessor
LISTING UPDATED: 09/11/2024 11:37 PM

Property Details for 125 South Forbes Street

StatusActive
MLS #LC24187119
Days on Compass75
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1930
Lot Size0.13 AC / 5,663 SF
CountyLake County

Building Information for 125 South Forbes Street

Stories1Residences-Year Built1930Building Size-Lot Size0.13 AC / 5,663 SF

Property Information for 125 South Forbes Street

Rental Info
Rental Info
  • Tenant Pays: All Utilities
Income / Expense / Tax Details
Income Details
  • Gross Income: $44,340
  • Gross Scheduled Income: $44,340
  • Net Operating Income: $41,036
Expense Details
  • Operating Expense: $3,304
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Block: N
  • Tax Census Tract: 4.02
  • CFD/Mello-Roos Fee: $3,304
  • Tax Lot: 11,12
Community / Development
Community / Development
  • Accessibility Features: No Interior Steps
  • Disability Access: No Interior Steps
  • Community Features: Lake, Park, Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Electric Oven, Electric Range, Free-Standing Range
  • Equipment: None
  • Interior Features: Partially Furnished, Wood Product Walls
  • Room Type: Kitchen, Living Room, Loft, Main Floor Bedroom, Main Floor Primary Bedroom, See Remarks
  • Bedroom Features: Main Floor Bedroom
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Ductless
Exterior Features
  • Window Features: Wood Frames
  • Construction Materials: Wood Siding
  • Exterior Construction: Wood Siding
  • Exterior: Wood
  • Roof: Composition
  • Entry Location: Street
  • Other Structures: Shed(s)
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Green Info
  • Green Water Conservation: Water-Smart Landscaping
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Electric: Electricity Connected, Sewer Connected, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Boat
  • Uncovered Spaces: 4
  • Open Other Spaces Total: 4
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Boat
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,275
  • Unit Type Total Rent: $15,300
  • Unit Type Pro Forma: 15300
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $925
  • Unit Type Total Rent: $11,100
  • Unit Type Pro Forma: 11100
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Partially
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,495
  • Unit Type Total Rent: $17,940
  • Unit Type Pro Forma: 17940
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 0
  • Number Of Separate Water Meters: 0

Property History for 125 South Forbes Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 125 South Forbes Street

Taxable ValueLand$109,363Additions$153,109Total$262,472
Tax Record2024$3,349 ($279 / month)
Home Facts
Baths3Total Finished SqFt1,422 SqFtAbove Grade Finished SqFt1,422 SqFtLot Size5,662 SqFtStyleTriplexYear Built1930CountyLAKEAPN025-321-030-000

Schools near 125 South Forbes Street

This home is within Lakeport Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 3
Public - 4 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lakeport Elementary School
PublicK to 3

Terrace School
Public4 to 8

Clear Lake High School
Public9 to 12

Natural High (Continuation) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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125 South Forbes Street is a multi-family home for sale in Lakeport, CA 95453. This property was listed for sale on September 9, 2024 by Sotheby's International Realty, it's currently listed at $555,000. It has been on the market for a total of 75 days and was last sold on July 20, 2018. This listing's school district is Lakeport Unified School District. Nearby schools include Lakeport Elementary School, Terrace School and Clear Lake High School. 125 South Forbes Street is a 3-bed, 3-bath, 1,422 sqft multi-family home built in 1930.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Sotheby's International Realty, Mara Eichelmann, DRE #01987875

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.