125 S Forbes Street
Property Description
Live in one and rent the others! A unique opportunity in the heart of Lakeport, this established triplex offers the flexibility to create a home while generating income from the other two units. With one unit expected to become available October 1st, an owner-occupant may have the opportunity to move in while continuing to collect rent from the remaining units. The property features three 1-bedroom, 1-bath units with current total rents of $3,625 per month while fully occupied. Long-term tenants would like to remain, providing established rental history and income for a future owner. Each unit has its own private entrance and unique layout, including a larger rear unit with private outdoor space and a distinctive loft-style bedroom in Unit 2. Important recent improvements include a 2025 GAF Timberline HDZ 50-year composition roof with Golden Pledge warranty and mini-split heating and cooling systems. The property also offers three separate electric meters, off-street parking, a storage shed and a spacious shaded backyard with room to relax or garden. Located just blocks from downtown Lakeport, Clear Lake, the public boat launch, parks, restaurants, shopping and local amenities, 125 S Forbes offers flexibility for both owner-occupants and investors. Live in one and let the other units help offset your housing expenses, or continue operating the property as an established income-producing triplex.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $517,700 |
| No. of Units: | 3 |
| Year Built: | 1930 |
| Opportunity Zone: | No |
| Price per unit: | $172,567 |
| Property Website | Click Here |
| Number of Bedrooms: | 3 |
| Number of Bathrooms: | 4 |
ID: 3yd-BAREISCA-326068368
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