5-Unit Income Property – Fully Rented and Well-Maintained
Excellent opportunity to own a solid income-producing 5-unit apartment complex. All units are larger than average and separately metered for electricity. The property offers ample parking, individual tenant storage units, and a shared laundry room with washer and dryer. A spacious common area and backyard patio provide additional tenant appeal. Located in a quiet neighborhood with light traffic, this property boasts full occupancy and steady cash flow — ideal for investors seeking a turnkey asset with minimal management needs.
Sold for $555,000
Listing Provided by: Country Air Properties
Bought with: Country Air Properties
$555,000
4584 S Terrace Ave, Lakeport, CA 95453
11beds
6baths
4,800sqft
Multi Family
Built in 1983
-- sqft lot
$549,700 Zestimate®
$116/sqft
$1,431 Estimated rent
Home value
$549,700
$407,000 - $742,000
$1,431/mo
Zestimate® history
Owner options
List your home for rent
$1,431/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$1,431/mo
Rent Zestimate®
Refinance and save
$3,491/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$3,491/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked:
Listing updated:
Listing Provided by:
James Magliulo DRE #01852966 707-263-5729,
Country Air Properties
Bought with:
James Magliulo, DRE #01852966
Country Air Properties
Source: CRMLS,MLS#: LC25245051
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 6
Heating
- Baseboard
Cooling
- Wall/Window Unit(s)
Appliances
- Laundry: Common Area, Washer Hookup, Electric Dryer Hookup
Features
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 4,800
- Total interior livable area: 4,800 sqft
Property
Parking
- Total spaces: 5
- Parking features: Garage
- Garage spaces: 5
Features
- Entry location: Main Floor
- Pool features: None
Lot
- Size: 0.32 Acres
- Features: 2-5 Units/Acre, Back Yard, Front Yard, Level
Details
- Parcel number: 029121290000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1983
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & neighborhood
Community
- Community features: Biking, Foothills, Fishing, Golf, Hiking, Hunting, Lake, Water Sports
Location
- Region: Lakeport
Other
Other facts
- Listing terms: Cash,Cash to New Loan
Price history
| Date | Event | Price |
|---|---|---|
| 2/17/2026 | Sold | $555,000-7.4%$116/sqft |
Source:  CRMLS #LC25245051 Report a problem | ||
| 12/6/2025 | Contingent | $599,500$125/sqft |
Source: CRMLS #LC25245051 Report a problem | ||
| 12/6/2025 | Pending sale | $599,500$125/sqft |
Source:  BAREIS #325098077 Report a problem | ||
| 11/4/2025 | Listed for sale | $599,500+59.2%$125/sqft |
Source: CRMLS #LC25245051 Report a problem | ||
| 1/3/2014 | Sold | $376,500$78/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,728 +2.5% | $461,034 +2% |
| 2024 | $5,586 +1.9% | $451,995 +2% |
| 2023 | $5,483 +1.8% | $443,133 +2% |
| 2022 | $5,387 +0.9% | $434,445 +2% |
| 2021 | $5,339 +3.2% | $425,928 +1% |
| 2020 | $5,175 +0.4% | $421,562 +2% |
| 2019 | $5,153 +12.1% | $413,297 +2% |
| 2018 | $4,595 +0.5% | $405,194 +2% |
| 2017 | $4,573 | $397,250 +2% |
| 2016 | -- | $389,462 +1.5% |
| 2015 | -- | $383,613 +14.1% |
| 2014 | -- | $336,139 +0.5% |
| 2013 | $4,368 +1.3% | $334,621 +2% |
| 2012 | $4,314 +2.4% | $328,061 +2% |
| 2011 | $4,215 +0.5% | $321,629 +0.8% |
| 2010 | $4,194 -5.3% | $319,226 +1.8% |
| 2008 | $4,428 +8.3% | $313,711 +2% |
| 2007 | $4,090 -4% | $307,561 +2% |
| 2006 | $4,260 +3.7% | $301,531 +2% |
| 2005 | $4,107 +0% | $295,619 +2% |
| 2004 | $4,107 +0.2% | $289,823 +1.9% |
| 2003 | $4,100 +1.2% | $284,512 +2% |
| 2002 | $4,053 +6.3% | $278,934 +2% |
| 2001 | $3,813 +1.4% | $273,466 +2% |
| 2000 | $3,759 | $268,105 |
Find assessor info on the county website
Neighborhood: 95453
Nearby schools
GreatSchools rating
- 3/10Lakeport Elementary SchoolGrades: K-4Distance: 2.8 mi
- 2/10Terrace SchoolGrades: 5-8Distance: 2.8 mi
- 5/10Clear Lake High SchoolGrades: 9-12Distance: 2.8 mi
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact to your credit score.An equal housing lender. NMLS #10287.
Sell for more on Zillow
Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
$549,700
2% more
+$10,994
With Zillow Showcase(estimated)
$560,694
- California
- Lake County
- Lakeport
- 95453
- 4584 S Terrace Ave
Nearby cities
Nearby zip codes
Other Lakeport Topics
