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14840 Valley Ave - Valley Apartments 3 Unit Apartment Building Offered at $449,000 at a 8.29% Cap Rate Clearlake, CA 95422
Executive Summary
Very well-maintained three-unit apartment property offering a desirable unit mix that includes one spacious two-bedroom residence (Unit A), one comfortable one-bedroom unit (Unit B), and one large studio (Unit C). All units have been updated and are in very good condition, reflecting pride of ownership throughout. All three units are currently rented on one-year lease tenancies, providing stable and reliable rental income. Each unit is separately metered for both water and electricity, with tenants responsible for their own utilities, helping to minimize owner expenses. Units B and C are enhanced by covered carport parking, adding convenience and value for tenants. Showings require advance notice due to tenant occupancy.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $1,300 | 1,000 |
| 1+1 | 1 | $900.00 | 450 |
| Studios | 1 | $1,000 | 750 |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 039-353-080-000 | Improvements Assessment | $186,103 |
| Land Assessment | $244,667 | Total Assessment | $430,770 |
Property Taxes
Parcel Number
039-353-080-000
Land Assessment
$244,667
Improvements Assessment
$186,103
Total Assessment
$430,770
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14840 Valley Ave - Valley Apartments
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