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    7010-7040 Casa Lane

    Lemon Grove, CA 91945
    • $9,100,000
    • STATUS: ACTIVE
    • ON SITE: 36 days
    • ID#: 210002161
    UPDATED: 36 min ago
    $9,100,000
    • 4
      BEDS
    • N/A
      ACRES
    • 3
      BATHS
    • 1
      1/2 BATHS
    Neighborhood:
    Lemon Grove (91945)
    Type:
    Multi-Family
    County:
    San Diego
    Area:
    Lemon Grove (91945)

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    Description

    Casa Lane Townhomes is a residential community unlike any other multifamily asset on the market. The 30 townhome, condominium community represents a high quality, upgraded, turn-key opportunity. Three freestanding structures are connected by mature tree-lined walkways, verdant courtyards, luxurious swimming pool and enjoy easy access to ample, gated parking. The units themselves feature private outdoor yards and patios, spacious two-story layouts, views, new dual-pane windows, new mini-split air conditioning units, skylights, newly renovated building systems including stucco, windows, roofs, and a residential community atmosphere. Additional opportunities exist to add two additional units through a straightforward conversion of existing plumbed/wired space into accessory dwelling units and also increase nonrental revenue.

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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. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. 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. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/113652037
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    7010-7040 Casa Lane Lemon Grove, CA 91945

    • Price: $9,100,000
    • Status: ACTIVE
    • Updated: 36 min ago
    • ID#: 210002161
    4
    Beds
    3
    Baths
    1
    ½ Baths
    N/A
    Acres
    Neighborhood:
    Lemon Grove (91945)
    County:
    San Diego
    Area:
    Lemon Grove (91945)
    Property Description
    Casa Lane Townhomes is a residential community unlike any other multifamily asset on the market. The 30 townhome, condominium community represents a high quality, upgraded, turn-key opportunity. Three freestanding structures are connected by mature tree-lined walkways, verdant courtyards, luxurious swimming pool and enjoy easy access to ample, gated parking. The units themselves feature private outdoor yards and patios, spacious two-story layouts, views, new dual-pane windows, new mini-split air conditioning units, skylights, newly renovated building systems including stucco, windows, roofs, and a residential community atmosphere. Additional opportunities exist to add two additional units through a straightforward conversion of existing plumbed/wired space into accessory dwelling units and also increase nonrental revenue.
    Interior Features

    Sq Ft Of Improvement 25740

    Property Features

    Actual Cap Rate 4.67 Actual Gross Scheduled Income 711672.0 Actual Operating Expense 271074 Assumable Finance 0 Buildings 3 Gross Equity 3185000 Gross Multiplier 12.79 Have Units Mandatory Remarks None Known Market Area East County Motive Want Cash Out Projected Cap Rate 5.25 Projected Cash On Cash 5.16 Unit Number1 22 Unit Number2 8 Unit Rent1 1947 Unit Rent2 2059

    Listing provided courtesy of Cbre. Listing information © 2021 San Diego MLS Inc. Source: SDMLS
    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) service provided by San Diego MLS. 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. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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    Neuman & Neuman Real Estate Inc.
    516 5th Avenue
    San Diego CA, 92101