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12059-69 Short St
Lakeside, California CA 92040
Price: $925,000
ACTIVE Status, Bedrooms, Full Baths
7,853 SqFt
Listing ID # 180068264

Property Description:

This multi-unit Lakeside property is one of two adjacent parcels being sold and offers great income potential! The two properties consist of eight 2-bed 1-bath units total split among four buildings. A number of the units feature upgrades including granite counters, designer tiled showers, tile flooring and updated cabinetry. They also all offer washer/dryer hook ups, and have spacious private front & backyards allowing tenants to keep pets easily. Don't miss this investment opportunity!

Primary Features

Community: LAKESIDE
Neighborhood: Winter Gardens
Complex/Park: Winter Gardens
Short Sale: no
Net Operating Income Projected: 48104
Number of Buildings: 2
Number of Units: 4
Tenant Pays: N/K
Sewer/Septic: Sewer Connected
Security: N/K
Roof: Composition
Pool: N/K
Exterior: Stucco
Cooling: N/K

Interior Features

Levels: 1 Story
Total Stories: 1
Unit 1 Estimated SqFt: 621
Unit 1 Laundry Hook Ups: Yes
Unit 1 Number of Bedrooms: 2
Unit 1 Number of Full Baths: 1
Unit 1 Number Total Baths: 1
Unit 2 Estimated SqFt: 621
Unit 2 Laundry Hook Ups: Yes
Unit 2 Number of Bedrooms: 2
Unit 2 Number of Full Baths: 1
Unit 2 Number Total Baths: 1
Unit 3 Estimated SqFt: 621
Unit 3 Laundry Hook Ups: Yes
Unit 3 Number Bedrooms: 2
Unit 3 Number of Full Baths: 1
Unit 3 Number Total Baths: 1
Unit 4 Estimated SqFt: 621
Unit 4 Laundry Hook Ups: Yes
Unit 4 Number of Bedrooms: 2
Unit 4 Number of Full Baths: 1
Unit 4 Number Total Baths: 1

External Features

Entry Only: no
Fencing: Full
Lot Size: 7,500-10,889 SF
Spa: N/K
Unit 1 Exclusive Use Yard: yes
Unit 2 Exclusive Use Yard: yes
Unit 3 Exclusive Use Yard: yes
Unit 4 Exclusive Use Yard: Yes

Location Information

Cross Street(s): Linden Rd
Elementary School: Cajon Valley Union School District
High School: Grossmont Union High School District
Market Area: East County
Middle School: Lakeside Union School District
Zip/Area: LAKESIDE (92040)

Financial Details

Annual Expense Actual: 35821
Annual Expense Projected: 25996
Assessors Parcel Number: 388-552-37-00
Cap Rate Actual: 2.6
Cap Rate Projected: 5
Gross Rent Multiplier Act: 15.85
Gross Rent Multiplier Projected: 13.15
Gross Scheduled Income Actual: 61500
Gross Scheduled Income Projected: 74100
Sale/Rent: For Sale
Terms: Cash, Conventional, FHA, VA
Unit 1 Deposit: 1300
Unit 1 Projected Rent: 1475
Unit 1 Rent Actual: 1375
Unit 2 Deposit: 1095
Unit 2 Projected Rent: 1400
Unit 2 Rent Actual: 1300
Unit 3 Deposit: 1650
Unit 3 Projected Rent: 1700
Unit 3 Rent Actual: 1650
Unit 4 Deposit: 1650
Unit 4 Projected Rent: 1600
Unit 4 Rent Actual: 800


Age Restrictions: N/K
Association ID: San Diego Association of REALTORS (SDAR)
Heat Source: Natural Gas
Number of Units w/Range/Oven: 4
Pets: Allowed w/Restrictions
Property Type: 2-4 UNITS
Sales Restrictions: N/K
Unit Number for Unit 1: 12059
Unit Number for Unit 2: 12061
Unit Number for Unit 3: 12067
Unit Number for Unit 4: 12069

Zoning Info

Listing courtesy of eXp Realty of California Inc
©2019 Sandicor, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from San Diego Multiple Listing Service (SDMLS). The information being provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data updated on Monday, April 22nd, 2019 09:01:24 AM.

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Office: 858-483-4687 | Cell: 619-339-7334 | Email: [email protected] | CA BRE #01043581 | NMLS# 373603

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited.

Information Deemed Reliable But Not Guaranteed. The information being provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information, including square footage, while not guaranteed, has been acquired from sources believed to be reliable.

Last Updated: 2019-04-04