2815 Lakeshore Blvd, Lakeport, CA 95453 For Sale

Located just off Lakeshore Boulevard and directly across from Clear Lake, this 15-unit multifamily asset presents a compelling opportunity to acquire a well-positioned property with strong in-place income and significant value-add potential. The property consists of a desirable mix of studio and one-bedroom units, catering to a broad tenant base seeking affordable housing options within the Lakeport submarket.

The asset has benefited from key capital improvements, including a recently repaired sewer mainline and upgraded HVAC systems, with all heating and air conditioning units replaced within the past six years—several of which are less than one year old. Select units have been renovated, and portions of the property feature new appliances, creating a solid operational foundation for future ownership.

Most units remain in clean, original condition, offering investors a clear path to enhance value through interior renovations and strategic repositioning. With rents currently below market, a new owner can unlock meaningful upside through unit upgrades, improved management, and potential utility recapture programs.

Situated on a large parcel with 23 on-site parking spaces and immediate proximity to the lake, the property offers both lifestyle appeal and long-term appreciation potential. This is a rare opportunity to acquire a straightforward, scalable multifamily asset in a growing recreational market with multiple avenues for income growth.