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6687 Blue Heron Drive

Upper Lake, CA 95485

– beds
– baths
– sqft
~2 acre lot
1992 build
– on site

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.

Listed By CRMLS_CA / Sheryle McNamara / Luxe Places International Realty / 707-621-4265

Last checked: Checking… • Last updated May 14, 2024 •

MLS# LC24063279 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1992
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Wood Siding
Roof:

Composition
Entry Level:

1
Foundation:

Slab
Accessibility Features:

None
Common Walls:

2+ Common Walls
Building Area Total:

20500.00
Building Area Units:

Square Feet
# of Buildings:

5
Total Number Of Units:

25
Stories Total:

2
# of Separate Water Meters:

5
# of Separate Electric Meters:

25

Interior

Features:

Balcony
Levels:

Two
Entry Location:

23 Floor - 2 Upstairs
Window Features:

Double Pane Windows
Flooring:

Carpet, Laminate, Tile, Vinyl
Room Type:

All Bedrooms Up, Kitchen, Living Room, See Remarks
Fireplace:

No
Fireplace:

None
Laundry:

Common Area
Laundry:

1

Financial & Terms

Disclosures:

Unincorporated

Location

Directions:

From Hwy 101 exit E on Hwy 20 to Lake Cnty thru first & 2nd traffic circles, S on Hammond, left (E) on Lakeshore, left (N) on Blue Heron. From I 5 exit W on CA Hwy 20 W, continue on to the exit for Lakeshore Blvd in Upper Lake & N onto Blue Heron
Latitude:

39.12198000
Longitude:

-122.86521100

The Property

Property Type:

Residential Income
Subtype:

Apartment
Lot Features:

Level, Park Nearby
Lot Size Area:

1.5000
Lot Size Acres:

1.5000
Lot Size SqFt:

65340.00
Lot Size Source:

Public Records
Security Features:

Smoke Detector(s)
Road Frontage:

County Road, Private Road
Road Surface Type:

Paved
Property Attached:

1
Additional Parcels:

Yes
Additional Parcels Description:

031-291-040,031-291-03,031-291-020,031-291-010
Land Lease:

No

Listing Agent

Contact info:

The Listing

Buyer's Brokerage Compensation:

2.500%
Special Listing Conditions:

Standard
Buyer's Brokerage Compensation:

$2.50
Parcel Number:

031291050

Heating & Cooling

Heating:

1
Heating:

Heat Pump
Cooling:

Yes
Cooling:

Heat Pump

Utilities

Utilities:

Electricity Connected, Sewer Connected, Water Connected
Sewer:

Public Sewer
Electric:

Standard
Water Source:

Public

Appliances

Appliances:

Free-Standing Range, Refrigerator, Water Heater
Included:

Yes

The Community

Senior Community:

No
Features:

Biking, Fishing, Hiking, Lake, Park, Watersports
Pool:

None
Private Pool:

No
Spa Features:

None
Association:

No
Assessments:

Yes
Assessments:

Buyer to Verify

Parking

Parking:

Yes
Parking:

Detached Carport, Paved, Parking Space
Parking Spaces:

50.00
Uncovered Spaces:

25.00
Carport Spaces:

25.00

Extra Units

Average 1 Bed Area:

540
Average 2 Bed Area:

800
Number With Refrigerator:

25

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
4/6/24 Apr 6, 2024	Listed / Active	CRMLS_CA	$3,750,000

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This multifamily located in Nice, CA 95485 is currently for sale for $3,750,000. 6687 Blue Heron Drive is a – square foot multifamily with – beds and – baths that has been on Estately for 40 days. This multifamily is in the attendance area of Upper Lake Middle School, Upper Lake High School, and Upper Lake Elementary School.

Listing Courtesy of: CRMLS_CA and Luxe Places International Realty. Based on information from California Regional Multiple Listing Service, Inc. as of 00:01 on May 16.

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, 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.

The offer of compensation listed above is made to, and can only be accepted by, participants of the multiple listing service in which this listing is filed.