Active

6687 Blue Heron Drive

Upper Lake CA, 95485

$3,750,000


$182.93 per sqft

Active

20,500 sqft

Condo

Built in 1992

Listed by Sheryle McNamara with Luxe Places International Realty 707-462-1600

Owner has Beautifully maintained Blue Heron Gardens with excellent on-site management--continuously upgrading during his 25 years of operation. There are many long-term tenants, plus an historically low vacancy and turnover rate. Tenants appreciate having a coin operated laundry room on-site, and a large park-like exterior common area that includes picnic tables and BBQ. There are 21 2BR 1.5 Bath two-story Townhouses, and 4 1BR 1 Bath flats--with the upstairs featuring private exterior balconies. Each of the 25 Units have their own carport with plenty of additional parking. There are 5 buildings on 5 separate legal lots set up as 3 Fourplexes, one 5 Unit, & one 8 Unit bldg. "Actual" Cap Rate of +-5.5 includes "Actual Rents" with June 1, 2024 rent increases. An added "perk" (in addition to being a quality investment) is that Blue Heron Gardens is located in Lake County, CA--known to be an "outdoor paradise." For an investor from out of town, site visits would be something to look forward to! Across the street is the beautiful and expansive Clear Lake with over 68 square miles--which is CA's largest freshwater Lake. (Tahoe's larger but shared by NV). There are PICTURESQUE views, excellent restaurants, plentiful parks, and walking and hiking trails to enjoy--plus activities to watch or participate in such as camping, fishing, boating, skiing, swimming & kayaking. It is said that Clear Lake is "one of the top spots in the U.S. for fishing." It is also known as "The Bass Capital of the West," and has famous highly competitive local and national fishing tournaments held often--in fact, 93 remain to be held this year (per CA Fish & Wildlife). Water birds are plentiful too--including egrets, swans, BLUE HERONS, & pelicans plus Eagles are commonly seen. Bordering Napa County, Lake County is known for vineyards also--with over 9,000 acres planted, & over 30 "world class wineries" to visit. Upper Lake is just 30 miles East of Ukiah, 75 miles North of Santa Rosa & Napa, and 125 miles North of San Francisco and Sacramento.

LC24063279

MLS ID

April 6, 2024

Listed

May 25, 2024

Updated

Map

6687 Blue Heron Drive
Upper Lake CA, 95485

Interior Features

Total Stories

2


Interior Features

Balcony, All Bedrooms Up


Appliances

Free-Standing Range, Refrigerator, Water Heater


Laundry Description

Common Area


Floor Description

Carpet, Laminate, Tile, Vinyl


Fireplace

Yes


Fireplace Description

None


Cooling

Yes


Cooling Description

Heat Pump


Heating

Yes


Heating Description

Heat Pump

Exterior/Building Features

Lot Size

1.5 Acres


Lot Features

Level, Near Park


Roof

Composition


Sewer

Public Sewer

Other Property Details

Area Name

LCUL - Upper Lake


Days on Market

2


Garage

No


Parking

Detached Carport, Paved, One Space


Parking Total

50


View

No


County

Lake


Water Source

Public


Pool

No


Pool Features

None


Lakefront

Yes


Buyer Agency Compensation

2.5%

Listing Contact: 707-462-1600 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/25/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 5/25/2024 at 1:49 AM UTC

 

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