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Key Details
Sold Price $2,100,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 190039526
Sold Date 10/07/19
HOA Y/N No
Property Description
The Lakeside Courtyard apartments are an extremely well maintained apartment building located in the ever gentrifying neighborhood of Lakeside in San Diego County. The Lakeside neighborhood which is considered to be "East County San Diego" was recently identified as the highest rent growth and lowest vacancy submarket in the County. The property, which was built in 1991, consists of six 2br/1ba apartments (approx 800sqft) and six 1br/1ba apartments (approx 600sqft), owned laundry facilities and ample off street parking. All units are leased at rates significantly under market rents and via more proactive management can be increased to market by spending little to no money on improvements. This unique opportunity to own a property less than 30 years old, at this price with this much rental upside is rare and one that will not last.
Location
State CA
County San Diego
Area 92040 - Lakeside
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Roof Type Composition
Others
Tax ID 3941102300
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Financing Cash to New Loan
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Bought with John Lemkau • Premier Realty Associates