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9747 Riverview Ave

Lakeside, CA 92040
  • $2,899,000
  • STATUS: ACTIVE
  • ON SITE: 48 Days
  • ID#: 240001011
$2,899,000
  • 5
    BEDS
  • 0.53
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Motivated Seller!! Take a look at this 12 unit for sale in Lakeside, CA, presents a unique investment opportunity. This property is exceptionally well-maintained and offers investors the potential to add value in a thriving urban rental market. Notably, the area is experiencing ongoing investments, both public and private, which are enhancing its overall desirability and quality." Well-maintained 12-unit apartment complex consisting of approximately 7,134 rentable square feet situated on a 22,904 square foot lot. The unit mix consists of one 2 bed / 2 bath, three 2 bed / 1bath, eight 1 bed / 1 bath. On-site laundry facilities. Each unit ensures tenant satisfaction and consistent occupancy rates. Currently operating at full capacity with a 100% occupancy rate, This investment holds the potential for robust cash flow, offering the prospect of significant returns. Don't miss out on the chance to capitalize on this commercial investment gem. Secure your stake in a future of steady returns. This is truly an incredible opportunity to acquire a well-maintained property with strong rental upside

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San Diego MLS logo 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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/146616665
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9747 Riverview Ave Lakeside, CA 92040

  • Price: $2,899,000
  • Status: ACTIVE
  • On Site: 48 Days
  • ID#: 240001011
5
Beds
4
Baths
0
½ Baths
0.53
Acres
Neighborhood:
Lakeside (92040)
County:
San Diego
Area:
Lakeside (92040)
Property Description
Motivated Seller!! Take a look at this 12 unit for sale in Lakeside, CA, presents a unique investment opportunity. This property is exceptionally well-maintained and offers investors the potential to add value in a thriving urban rental market. Notably, the area is experiencing ongoing investments, both public and private, which are enhancing its overall desirability and quality." Well-maintained 12-unit apartment complex consisting of approximately 7,134 rentable square feet situated on a 22,904 square foot lot. The unit mix consists of one 2 bed / 2 bath, three 2 bed / 1bath, eight 1 bed / 1 bath. On-site laundry facilities. Each unit ensures tenant satisfaction and consistent occupancy rates. Currently operating at full capacity with a 100% occupancy rate, This investment holds the potential for robust cash flow, offering the prospect of significant returns. Don't miss out on the chance to capitalize on this commercial investment gem. Secure your stake in a future of steady returns. This is truly an incredible opportunity to acquire a well-maintained property with strong rental upside
Exterior Features

Construction DrywallFrameStucco Parking Spaces Parking Spaces Total 22 Roof Composition

Interior Features

Cooling Wall/Window Floor Coverings HardwoodTileVinylWall to Wall Carpet Floors Slab Heating Wall Sq Ft Of Improvement 7134 Stories 2 Story

Property Features

Actual Cap Rate 4.95 Actual Gross Scheduled Income 219600.0 Actual Operating Expense 71493 Assumable Finance 0 Buildings 1 Complex Features RV Parking Financial Information Source Owner Gross Equity 1500000 Gross Multiplier 30% Have N/A Mandatory Remarks None Known Market Area East County Monthly Rent Total 18150 Motive Want N/A Projected Cap Rate 7.0 Sq Ft Source Tax Record Unit Number1 1 Unit Number2 3 Unit Number3 8 Unit Rent Total1 2000 Unit Rent Total2 5137 Unit Rent Total3 11013 Unit Type Apartment Zoning R-3:RESTRI

San Diego MLS logo Listing provided courtesy of Athir Markos of Keller Williams Realty: 619-504-7999. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo 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 © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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