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Explore the potential of this duplex fixer-upper nestled in the serene community of Lucerne, CA. Positioned across from Clearlake, this property offers a remarkable opportunity for renovation and value enhancement. With a generous courtyard nestled between the buildings, this property provides an ideal setting for a co-living space or a value-add conversion project. Features: Convenient Location: Situated on E Hwy 20, offering easy access to local amenities and recreational opportunities around Clearlake. Duplex Layout: Comprising two distinct living units within one property, providing flexibility for rental income or shared living arrangements. Outdoor Space: A spacious courtyard between the buildings, ideal for relaxation, gatherings, or potential outdoor amenities post-renovation. Proximity to Clearlake: Directly facing Clearlake, providing residents with access to water activities, breathtaking views, and a serene atmosphere. Renovation Potential: An excellent opportunity for renovation enthusiasts to rejuvenate the existing structure and increase the property's value. Fixer-Upper Status: Requires renovation and repairs, allowing buyers to tailor and modernize according to their preferences. Financing Option Available: Explore the possibility of owner financing with a substantial down payment, providing an alternative avenue for qualified buyers to secure ownership. Lucrative Investment: Perfect for investors or buyers seeking a rewarding project in Lucerne's dynamic real estate market. Future RUBS (Ratio Utility Billing System) addition is being bid to add value add individual utility metering. Garage Conversions: Potential for adding two more units, with additional water meter construction also enabling a second water source for additional units in the taller building with lake views. Unit Details: Unit 1: [2 bedrooms, 1 bathroom, 748 square feet] Unit 2: [2 bedrooms, 1 bathroom, 693 square feet with garage below] Don't miss this exceptional opportunity to transform a fixer-upper into your dream investment property! Reach out today to arrange a viewing or for further details.
Last Updated | 8/1/2024 | Year Built | 1956 |
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Community | Lucerne | Garage Spaces | 2.0 |
County | Lake |
SCHOOLS
School District | Upper Lake Union |
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Price History
Prior to Aug 1, '24 | $275,000 |
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Aug 1, '24 - Today | $265,000 |
Additional Details
AIR | Wall/Window Unit(s) |
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AIR CONDITIONING | Yes |
AREA | Lucerne |
GARAGE | Yes |
HEAT | Wall Furnace |
HOA DUES | 0 |
INTERIOR | Balcony, Unfinished Walls |
LOT | 3920 sq ft |
LOT DESCRIPTION | Level |
POOL DESCRIPTION | None |
SEWER | Public Sewer |
STORIES | 2 |
UTILITIES | Electric: 220 Volts in Garage,Standard |
VIEW | Yes |
VIEW DESCRIPTION | Lake |
WATER | Public |
ZONING | CH |
Location
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