$1,300,000

3871 Country Club Drive, Clearlake CA, 95422

Price per sqft$160.57

Built in1953

Property size8,096 sqft

Property typeCommercial

Listed by Steve Belluomini CA DRE# 01095848 with Corcoran Icon Properties 650-207-5253

Overview

Active

Listed Sep 16, 2026

Updated 2 weeks ago

Attractive 15-unit multifamily investment opportunity located at 3871-3901 Country Club Dr in Clearlake, CA, situated on an expansive 1.23-acre site across three separate parcels. The property consists of three buildings with a diverse unit mix offering broad tenant appeal and operational flexibility, plus one vacant lot. Recent capital improvements include new electrical panels throughout the property and replacement of all AC units within the past 10 years. Several units have been renovated, while the majority remain in well-maintained original condition, providing an opportunity for a new owner to pursue a targeted value-add strategy through interior upgrades. Additional upside may be available through operating efficiencies and potential utility cost recovery. Ownership can evaluate implementation of a RUBS program for water, sewer, and garbage, subject to applicable laws and regulations. With substantial land, existing cash flow, recent capital improvements, and multiple avenues for increasing income, this asset presents an opportunity to acquire an established multifamily property with long-term value-add potential. Parcels: 037-303-240-000 (3871 Country Club Dr), 037-303-360-000 (3891 Country Club Dr), 037-303-350-000 (3890 Country Club Dr).

Additional information

MLS^® ID: ML82061558

Interior Features

Bathrooms: 0
Cooling: Yes
Basement: No

Exterior Features

Lot Size: 1.23 Acres

Other Property Details

Taxes: $14,532
Tax Frequency: Annually
Maintenance Expense: $3,330

Listed by Steve Belluomini CA DRE# 01095848 with Corcoran Icon Properties 650-207-5253

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/17/2026. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 9/17/2026 at 7:08 AM UTC Last Checked: 7:08 AM UTC