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Alexander Pfleger
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P: 858.483.4687
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12419 Julian Ave
Lakeside, California CA 92040
Price: $920,000
PENDING Status, Bedrooms, Full Baths
16,904 SqFt , 0.390 Acres
Listing ID # 190007966

Property Description:

Price reduced and fully rented. Solid 4 unit building close to stores and freeway. Laundry room and plenty of parking.Each unit has own electrical meter. Each unit also has it's own storage. Three units have been renovated withing the past two years and upside in rents with minor upgrades is still possible.

Primary Features

Community: LAKESIDE
Neighborhood: Lakeside
Complex/Park: 12419 Julian
Short Sale: no
Net Operating Income Projected: 50400
Number of Buildings: 1
Number of Units: 4
Tenant Pays: Electricity
Complex Features: Laundry Facilities
Water: Meter on Property
Sewer/Septic: Sewer Connected
Security: N/K
Roof: Rolled/Hot Mop
Pool: N/K
Exterior: Adobe
Heat Equipment: Radiant
Cooling: Wall/Window

Interior Features

Levels: 2 Story
Total Stories: 2
Unit 1 Estimated SqFt: 840
Unit 1 Laundry Hook Ups: Common
Unit 1 Number of Bedrooms: 2
Unit 1 Number of Full Baths: 1
Unit 1 Number Total Baths: 1
Unit 2 Estimated SqFt: 840
Unit 2 Laundry Hook Ups: Common
Unit 2 Number of Bedrooms: 2
Unit 2 Number of Full Baths: 1
Unit 2 Number Total Baths: 1
Unit 3 Estimated SqFt: 840
Unit 3 Laundry Hook Ups: Common
Unit 3 Number Bedrooms: 2
Unit 3 Number of Full Baths: 1
Unit 3 Number Total Baths: 1
Unit 4 Estimated SqFt: 840
Unit 4 Laundry Hook Ups: Common
Unit 4 Number of Bedrooms: 2
Unit 4 Number of Full Baths: 1
Unit 4 Number Total Baths: 1
Water Heater Type: Gas

External Features

Entry Only: no
Fencing: N/K
Frontage: N/K
Lot Size: .25 to .5 AC
Parking Garage Unit 1: N/K
Parking Garage Unit 2: N/K
Parking Garage Unit 3: N/K
Parking Garage Unit 4: N/K
Parking Non-Garage Unit 1: Assigned
Parking Non-Garage Unit 2: Assigned
Parking Non-Garage Unit 3: Assigned
Parking Non-Garage Unit 4: Assigned
Pool Heat: None Known
Site: Public Street
Spa: N/K
Topography: Level
Unit 1 Exclusive Use Yard: no
Unit 2 Exclusive Use Yard: no
Unit 3 Exclusive Use Yard: no
Unit 4 Exclusive Use Yard: No
View: N/K

Location Information

Cross Street(s): Cactus
Market Area: East County
Zip/Area: LAKESIDE (92040)
Zoning: R-4:MULTIP

Financial Details

Annual Expense Actual: 24514
Annual Expense Projected: 24000
Assessors Parcel Number: 394-260-13-00
Cap Rate Actual: 4.9
Cap Rate Projected: 5.3
Gross Rent Multiplier Act: 13.1
Gross Rent Multiplier Projected: 12.8
Gross Scheduled Income Actual: 71700
Gross Scheduled Income Projected: 76800
Home Owners Fee Includes: N/K
Other Fee Type: N/K
Other Income Actual: 763
Other Income Projected: 800
Sale/Rent: For Sale
Spa Heat: None Known
Terms: Cash, Conventional
Unit 1 Deposit: 1260
Unit 1 Projected Rent: 1600
Unit 1 Rent Actual: 1260
Unit 2 Deposit: 1550
Unit 2 Projected Rent: 1600
Unit 2 Rent Actual: 1500
Unit 3 Deposit: 1475
Unit 3 Projected Rent: 1600
Unit 3 Rent Actual: 1475
Unit 4 Deposit: 1500
Unit 4 Projected Rent: 1600
Unit 4 Rent Actual: 1500

Additional

Additional Property Use: N/K
Age Restrictions: N/K
Association ID: San Diego Association of REALTORS (SDAR)
Heat Source: Electric
Miscellaneous: N/K
Number of Units w/Patios: 2
Number of Units w/Range/Oven: 4
Number of Units w/Refrigerator: 4
Number Units w/Cooling: 4
Number Units w/Dishwashers: 4
Possession: Close of Escrow
Property Type: 2-4 UNITS
Sales Restrictions: N/K
Telecommunications: N/K

Zoning Info


Listing courtesy of Eclipse Realty
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. This information is derived from the Internet Data Exchange (IDX) services provided by SDMLS and CRMLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. © 2019 San Diego Multiple Listing Service, Inc. © 2019 California Regional Multiple Listing Service. Data updated on Saturday, August 24th, 2019 07:08:38 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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The Fair Housing Act prohibits discrimination in housing based on color, race, religion, national origin, sex, familial status, or disability.

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: 2019-05-20

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