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  • Price cut: $9.3K (9/4)
    $517,700

    125 S Forbes Street, Lakeport, CA 95453

    3beds
    1,250sqft
    : 
    $3,582/mo
    Get pre-qualified
    Triplex
    Built in 1930
    -- sqft lot
    $-- Zestimate®
    $414/sqft
    $-- HOA

    What's special

    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.
    61 days
    171
    16

    Zillow last checked:

    Listing updated:

    Listed by:

    Trista Fossa DRE #01976772 707-349-3416,

    W Real Estate 707-380-0003

    Source: BAREIS,MLS#: 326068368MLS LogoOriginating MLS: Mendocino

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 4
      • Full bathrooms: 3
      • Partial bathrooms: 1
      Heating
      • Ductless
      Cooling
      • Ductless
      Appliances
      • Laundry: Other
      Features
      • Unit 1 - Beds: 3, Baths: 3, Square Footage: 1500 | Unit 2 - Beds: 0, Baths: 0, Square Footage: 0 | Unit 3 - Beds: 0, Baths: 0, Square Footage: 0
      Interior area
      • Total structure area: 1,250
      • Total interior livable area: 1,250 sqft

      Property

      Parking
      • Total spaces: 4
      • Parking features: On Street, Uncovered
      • Uncovered spaces: 4
      Features
      • Levels: Two
      Lot
      • Size: 5,662 Square Feet
      • Features: Curb(s), Sidewalk
      Details
      • Parcel number: 025321030000
      • Special conditions: Offer As Is,Trust

      Construction

      Type & style
      • Home type: MultiFamily
      • Architectural style: Victorian
      • Property subtype: Triplex
      Condition
      • Year built: 1930

      Utilities & green energy

      • Electric: Separate Meters
      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
      HOA
      • Has HOA: No
      Location
      • Region: Lakeport

      Financial & listing details

      • Price per square foot: $414/sqft
      • Tax assessed value: $273,075
      • Date on market: 8/8/2026
      • Tenant pays: Cable TV, Electricity

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        9/4/2026Price change$517,700-1.8%$414/sqft
        Source: BAREIS #326068368 Report a problem
        8/8/2026Listed for sale$527,000+119.6%$422/sqft
        Source: CRMLS #LC26173498 Report a problem
        7/20/2018Sold$240,000-3.8%$192/sqft
        Source: Public Record Report a problem
        5/18/2018Pending sale$249,500$200/sqft
        Source: Country Air Properties #LC17193837 Report a problem
        12/4/2017Listed for sale$249,500$200/sqft
        Source: Country Air - Lakeport #LC17193837 Report a problem
        10/26/2017Pending sale$249,500$200/sqft
        Source: Country Air - Lakeport #LC17193837 Report a problem
        8/22/2017Listed for sale$249,500$200/sqft
        Source: Country Air - Lakeport #LC17193837 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2026-- $273,075 +2%
        2025$3,431 +2.5%$267,721 +2%
        2024$3,349 +1.3%$262,472 +2%
        2023$3,304 +8.1%$257,326 +2%
        2022$3,057 +1.2%$252,281 +2%
        2021$3,021 +3.3%$247,335 +1%
        2020$2,925 +0.5%$244,800 +2%
        2019$2,911 +55.4%$240,000 +59.2%
        2018$1,874 +0.6%$150,714 +2%
        2017$1,862 +2.8%$147,760 +2%
        2016$1,812 +1.1%$144,864 +1.5%
        2015$1,792 +7.4%$142,689 +2%
        2014$1,668 -1.1%$139,895 +0.5%
        2013$1,687 +1.4%$139,264 +2%
        2012$1,664 +2.4%$136,534 +2%
        2011$1,625 +0.3%$133,857 +0.8%
        2010$1,620 +16.2%$132,858 +17.3%
        2008$1,394 +17.2%$113,261 +18.5%
        2007$1,190 +1.4%$95,594 +2%
        2006$1,173 +4.2%$93,721 +2%
        2005$1,126 -1.1%$91,884 +2%
        2004$1,138 +1.2%$90,084 +1.9%
        2003$1,124 +0.4%$88,434 +2%
        2002$1,120 +218.8%$86,700 +319.8%
        2001$351 -9.9%$20,651
        2000$390 $20,651
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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        Climate risks

        Neighborhood: 95453

        Getting around

        77 / 100
        Very Walkable
        40 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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