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$527,000
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Property Description
Investment opportunity in the heart of Lakeport! This charming and established triplex offers three 1-bedroom, 1-bath units, all currently occupied, providing immediate rental income from day one. Current rents total $3,625 per month, with long-term tenants who would like to remain, offering an attractive opportunity for an investor looking for an already-performing property.
Classic character and a welcoming covered porch are complemented by important recent improvements, including a 2025 GAF Timberline HDZ-50 year composition roof with Golden Pledge warranty and mini-split heating and cooling systems. Each unit has its own private entrance, and the property features three separate electric meters, off-street parking, a storage shed, and a spacious shaded backyard with room to relax or garden.
The three units each offer their own unique layout, including a larger rear unit with private outdoor space and a distinctive loft-style bedroom in Unit 2. Conveniently located just blocks from downtown Lakeport, Clear Lake, the public boat launch, parks, restaurants, shopping and local amenities, this property combines location, established rental history and recent capital improvements in one appealing investment package. Whether adding to an existing portfolio or purchasing a first income property, 125 S Forbes offers an opportunity to acquire an established three-unit property in the heart of Lakeport.
Full Property Details
Full Property Details for 125 S Forbes
General
- Price: $527,000
- Status: Active
- Type: Multi-Family
- Source: MRMLS
- MLS ID: LC26173498
- Updated: 8/10/2026
- Days on Market: 20 days
- Added to Site: 21 day(s) ago
Rooms
Other Rooms
- Laundry: None
Additional Information
- Pool Description: None
Location
- Area: LCLPS - Lakeport South
- County: Lake
- Development Name: LCLPS - Lakeport South
- Driving Directions: Hwy 29 to the 11th Street exit. Turn right onto 11th Street, then turn right onto S. Forbes Street.
Heating & Cooling
- Cooling Type: Ductless
Utilities
- Sewer: Public Sewer
- Water: Public
- # Electric Meters: 3
Structural Information
- Architectural Style: Victorian
- Roof: Composition
- Entry Location: 1
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 1,422
- Year Built: 1930
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 3
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Additional Structures
- Other Structures: Shed(s)
Lot Features
- Lot Size (Acres): 0.13
- Lot Size (Sq. Ft.): 5,663
- Lot Size Source: Assessor
Financial Considerations
- Price Per Sq. Ft.: $370.6
- Price Per Unit: 175667
Listed by W Real Estate, Trista Fossa
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Schools
Schools serving 125 S Forbes
School District:Lakeport Unified School District
| Name | Grades | Distance |
|---|---|---|
Lakeport Elementary School 150 Lange Street, Lakeport, CA 95453 | K-3 | 1.2 mi |
Terrace School 250 Lange Street, Lakeport, CA 95453 | 4-8 | 1.3 mi |
Clear Lake High School 350 Lange Street, Lakeport, CA 95453 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 125 S Forbes
Date
Details
Price
Change
Source
8/08/2026
Listed
$527,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 125 S Forbes
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,431
4%
$267,721
2%
2023
$3,304
—
$262,472
2%
2023
$3,304
8%
$257,326
2%
2022
$3,057
1%
$252,281
2%
2021
$3,021
3%
$247,335
1%
2020
$2,925
—
$244,800
2%
2019
$2,911
55%
$240,000
59%
2018
$1,874
1%
$150,714
2%
2017
$1,862
3%
$147,760
2%
2016
$1,812
1%
$144,864
2%
2015
$1,792
7%
$142,689
2%
2014
$1,668
-1%
$139,895
—
2013
$1,687
—
$139,264
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 125 S Forbes
125 S Forbes, Lakeport, CA 95453 (MLS# LC26173498) is a Multi-Family property with 3 units containing 0 bedrooms and 0 full bathrooms. 125 S Forbes is currently listed for $527,000 and was received on August 08, 2026. Want to learn more about 125 S Forbes? Do you have questions about finding other Multi-Family real estate for sale in Lakeport? You can browse all Lakeport real estate or contact a Coldwell Banker agent to request more information.
