Back to search
6687 Blue Heron Drive Upper Lake, CA $ 3,750,000
Share Save
$ 3,750,000 Get more info
6687 Blue Heron Drive
$ 3,750,000
Back to search
Share Save

6687 Blue Heron Drive

Upper Lake, CA, 95485
$ 3,750,000
Bedrooms46 Baths2.1 Sq 20,500

Monthly Estimate*

$ 26,195

Listed by Luxe Places International Realty
6687 Blue Heron Drive, Upper Lake, CA 95485 - Image 1
6687 Blue Heron Drive, Upper Lake, CA 95485 - Image 2
6687 Blue Heron Drive, Upper Lake, CA 95485 - Image 3
6687 Blue Heron Drive, Upper Lake, CA 95485 - Image 4
6687 Blue Heron Drive, Upper Lake, CA 95485 - Image 5
6687 Blue Heron Drive, Upper Lake, CA 95485 - Image 6
6687 Blue Heron Drive, Upper Lake, CA 95485 - Image 7
6687 Blue Heron Drive, Upper Lake, CA 95485 - Image 8
6687 Blue Heron Drive, Upper Lake, CA 95485 - Image 9
6687 Blue Heron Drive, Upper Lake, CA 95485 - Image 10
6687 Blue Heron Drive, Upper Lake, CA 95485 - Image 11
6687 Blue Heron Drive, Upper Lake, CA 95485 - Image 12
6687 Blue Heron Drive, Upper Lake, CA 95485 - Image 13
6687 Blue Heron Drive, Upper Lake, CA 95485 - Image 14
6687 Blue Heron Drive, Upper Lake, CA 95485 - Image 15
6687 Blue Heron Drive, Upper Lake, CA 95485 - Image 16
6687 Blue Heron Drive, Upper Lake, CA 95485 - Image 17

Multi-Family Home for sale in Upper Lake, CA

for $3,750,000 with 46 bedrooms and 2 full baths, 1 half bath. This 20,500 square foot home was built in 1992 on a lot size of 1.5.

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.

See more
Multi-Family Active

Price

$ 3,750,000

Bedrooms

46

Full Bath

2

Half Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Apartment

Lot Size

1.5

Year Built

1992

Town/City

Upper Lake

County/Region

Lake

MLS | Web ID

LC24063279

Days on Market

23
Features
General
Interior Features Balcony AllBedroomsUp
Sewer PublicSewer
Heating HeatPump
Cooling HeatPump
Utilities ElectricityConnected SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Composition
Appliances FreeStandingRange Refrigerator WaterHeater
HOA 0.0
Garage Spaces 0.0
Pool Features None
Security Features SmokeDetectors
Construction Materials WoodSiding
Year Built 1992
Electric Standard
Tenant Pays Electricity
Stories 2
Levels Two
Property SubType Apartment
Gross Income 342624.0
Community Features Biking Fishing Hiking Lake WaterSports Park
Accessibility None
Additional Parcels Description 031-291-040 031-291-03 031-291-020 031-291-010
County Lake
Net Operating Income 206897.0
Operating Expense 125448.0
Insurance Expense 9500.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
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 Lakes
City Upper Lake
Disclosures Unincorporated
Entry Location 23 Floor - 2 Upstairs
View Y/N N
Senior Community Y/N N
Open Parking Spaces 25.0
Total Units 25
MLS Area LCUL - Upper Lake
Lot Size Square Feet 65340.0
Private Pool N
Waterfront Y/N N
Carport Spaces 25.0
Carport Y/N Y
Number of Units Leased 25
Street Name Blue Heron Drive
Listing Terms Cash CashtoNewLoan Item1031Exchange
Spa Features None
Property Attached Y/N Y
Land Lease Y/N N
Electric Expense 4560.0
Home Warranty Y/N N
Current Financing Conventional
Fuel Expense 0.0
Trash Expense 13440.0
Water Sewer Expense 19200.0
Lease Renewal Y/N N
Additional Parcels Y/N Y
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 2
Building Area Units SquareFeet
Standard Status Active
Year Built Source Assessor
Total Actual Rent 28202.0
Property Sub Type Additional Apartment
Taxes 45000.0
Cap Rate 5.5
See more
Interior
Flooring Carpet Laminate Tile Vinyl
Fireplace Features None
Total Stories 2
Common Walls Item2CommonWalls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Window Features DoublePaneWindows
Fireplace Y/N N
Laundry Features CommonArea
Entry Level 1
Electric On Property Y/N N
See more
Exterior
Parking Features DetachedCarport Paved OneSpace
Lot Features Level NearPark
Water Source Public
Total Parking 50.0
Lot Size Area 1.5
Foundation Details Slab
Number of Buildings 5
Spa N
Building Area Total 20500.0
Lot Size Acres 1.5
Road Surface Type Paved
Lot Size Units Acres
Lot Size Source PublicRecords
Number of Separate Water Meters 5
Number of Separate Gas Meters 0
Number of Separate Electric Meters 25
Road Frontage Type CountyRoad PrivateRoad
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
See more
Internal Only
Street Number 1 6687
See more
* Excluded Features
List By
Luxe Places International Realty

Broker

(707) 621-4265

Phone

Affordability Calculator

$26,195
Per Month
100%
0%
0%
Monthly Principal & Interest
$26,195
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/7/2024$3,750,000 Listed Price

Map

More homes like this one

homes for you

See all
See all

6687 Blue Heron Drive, Upper Lake, CA, 95485 is a Multi-Family Home for sale at $3,750,000 with 20,500 sqft and a lot size of 1.5. 6687 Blue Heron Drive has 46 bedrooms, 2.1 baths, and was built in 1992. The property's zip code is 95485 which is in Upper Lake, CA

Get more info