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

12621 Lindo Ln.
Lakeside, California CA 92040
Price: $849,000
Listing ID 190011473
Status ACTIVE
Year Built 1973

Property Description:

JUST REDUCED! This property has been extensively upgraded in the past few years. Upgrades include new exterior paint, exterior storage doors, gated entry, flashing and irrigation system. One unit has been fully remodeled including 18x18 porcelain tile, new kitchen cabinets, quartz counter top and new bathroom vanity. Two units have updated cabinets. This property has extra enclosed storage space for each unit. Newer cedar fencing separates the parking area from the building.

Primary Features

Community: LAKESIDE
Neighborhood: Lakeside
Complex/Park: None
Short Sale: no
Net Operating Income Projected: 40746
Number of Buildings: 1
Number of Units: 4
Tenant Pays: Electricity, Gas/Propane
Water: Meter on Property
Security: N/K
Roof: Composition
Exterior: Stucco
Heat Equipment: Wall/Gravity
Cooling: N/K

Interior Features

Levels: 2 Story
Total Stories: 2
Unit 1 Estimated SqFt: 720
Unit 1 Laundry Hook Ups: No
Unit 1 Number of Bedrooms: 2
Unit 1 Number of Full Baths: 1
Unit 1 Number Total Baths: 1
Unit 2 Estimated SqFt: 720
Unit 2 Laundry Hook Ups: No
Unit 2 Number of Bedrooms: 2
Unit 2 Number of Full Baths: 1
Unit 2 Number Total Baths: 1
Unit 3 Estimated SqFt: 720
Unit 3 Laundry Hook Ups: No
Unit 3 Number Bedrooms: 2
Unit 3 Number of Full Baths: 1
Unit 3 Number Total Baths: 1
Unit 4 Estimated SqFt: 720
Unit 4 Laundry Hook Ups: No
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: Full, Gate
Irrigation: Automatic
Lot Size: 7,500-10,889 SF
Parking Non-Garage Unit 1: Uncovered
Parking Non-Garage Unit 2: Uncovered
Parking Non-Garage Unit 3: Uncovered
Parking Non-Garage Unit 4: Underground
Unit 1 Exclusive Use Yard: no
Unit 2 Exclusive Use Yard: no
Unit 3 Exclusive Use Yard: no
Unit 4 Exclusive Use Yard: No

Location Information

Cross Street(s): Vine St.
Market Area: East County
Zip/Area: LAKESIDE (92040)

Financial Details

Annual Expense Actual: 20713
Annual Expense Projected: 20713
Assessors Parcel Number: 349-172-52-00
Cap Rate Actual: 4.2
Cap Rate Projected: 4.8
Gross Rent Multiplier Act: 14.5
Gross Rent Multiplier Projected: 13.3
Gross Scheduled Income Actual: 58620
Gross Scheduled Income Projected: 64020
Other Income Actual: 420
Other Income Projected: 420
Sale/Rent: For Sale
Terms: Cash, Conventional
Unit 1 Deposit: 1100
Unit 1 Projected Rent: 1400
Unit 1 Rent Actual: 1350
Unit 2 Deposit: 1200
Unit 2 Projected Rent: 1400
Unit 2 Rent Actual: 1300
Unit 3 Deposit: 1000
Unit 3 Projected Rent: 1250
Unit 3 Rent Actual: 1100
Unit 4 Deposit: 1000
Unit 4 Projected Rent: 1250
Unit 4 Rent Actual: 1100

Additional

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

Zoning Info


Listing courtesy of Apartment Consultants, Inc.
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