Lakeside, CA 92040,12356 Parkside Street
Lakeside, CA 92040,12356 Parkside Street
Lakeside, CA 92040,12356 Parkside Street
Lakeside, CA 92040,12356 Parkside Street
Lakeside, CA 92040,12356 Parkside Street
Lakeside, CA 92040,12356 Parkside Street
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$2,100,000

$2,100,000

Est.Price: ?

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Est. payment /mo

SOLD DATE : 10/07/2019

Key Details

Sold Price $2,100,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 190039526

Sold Date 10/07/19

HOA Y/N No

Property Description

The Lakeside Courtyard apartments are an extremely well maintained apartment building located in the ever gentrifying neighborhood of Lakeside in San Diego County. The Lakeside neighborhood which is considered to be "East County San Diego" was recently identified as the highest rent growth and lowest vacancy submarket in the County. The property, which was built in 1991, consists of six 2br/1ba apartments (approx 800sqft) and six 1br/1ba apartments (approx 600sqft), owned laundry facilities and ample off street parking. All units are leased at rates significantly under market rents and via more proactive management can be increased to market by spending little to no money on improvements. This unique opportunity to own a property less than 30 years old, at this price with this much rental upside is rare and one that will not last.

Location

State CA

County San Diego

Area 92040 - Lakeside

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Roof Type Composition

Others

Tax ID 3941102300

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash to New Loan

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California Regional MLS (CRMLS)
Listed by Josh Browar • The Browar Group
Bought with John Lemkau • Premier Realty Associates
agent-avatar

michelle@michellehomesellingteam.com

515 S Myrtle Ave, Monrovia, CA, 91016, USA

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