For more information on this property, contact Alexander Pfleger at 858-483-4687 or [email protected]

12059-69 Short St
Lakeside, California CA 92040
Price: $925,000
Listing ID 180068264
Status ACTIVE
SqFt 7,853
Year Built 1959

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

Additional

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
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