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8461-65 Winter Gardens Blvd

Lakeside, CA 92040
  • $1,497,770
  • STATUS: ACTIVE
  • ON SITE: 114 Days
  • ID#: 240019565
UPDATED: 71 min ago
$1,497,770
  • 0
    BEDS
  • 0.41
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1966
County:

School Ratings & Info

Description

Investment Opportunity! High-Performing Income Property Zoned C36! This is a MIXED-USE 3-unit property with potential to add up to 5 additional units, per seller according to the county. Seller spent just under $200,000 in updates and improvements! The front unit is currently operating a business under a CUP (Conditional Use Permit). At the back, you'll find two separate units, connected by a shared wall: one is a 4-bedroom, 2.5-bath unit, and the other is a 2-bedroom, 1-bath unit. Both back units feature their own private yard space and dedicated parking spots in front of each unit. Unit 8465 also includes a 2-car garage. All tenants are on month-to-month leases and are eager to stay. Each unit is individually metered for gas and electricity, while water is on a single meter currently paid by the seller.

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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.redtreerealty.com/homes/153788882
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8461-65 Winter Gardens Blvd Lakeside, CA 92040

  • Price: $1,497,770
  • Status: ACTIVE
  • On Site: 114 Days
  • Updated: 71 min ago
  • ID#: 240019565
0
Beds
0
Baths
0
½ Baths
0.41
Acres
1966
Built
Neighborhood:
Lakeside (92040)
County:
San Diego
Area:
Lakeside (92040)
Property Description
Investment Opportunity! High-Performing Income Property Zoned C36! This is a MIXED-USE 3-unit property with potential to add up to 5 additional units, per seller according to the county. Seller spent just under $200,000 in updates and improvements! The front unit is currently operating a business under a CUP (Conditional Use Permit). At the back, you'll find two separate units, connected by a shared wall: one is a 4-bedroom, 2.5-bath unit, and the other is a 2-bedroom, 1-bath unit. Both back units feature their own private yard space and dedicated parking spots in front of each unit. Unit 8465 also includes a 2-car garage. All tenants are on month-to-month leases and are eager to stay. Each unit is individually metered for gas and electricity, while water is on a single meter currently paid by the seller.
Exterior Features

Construction Stucco Roof Composition

Interior Features

Cooling Central Forced Air GasWall/Window Stories 1 Story Unit Size1 800 Unit Size2 516 Unit Size3 1500

Property Features

Actual Cap Rate 7.31 Actual Gross Scheduled Income 91800.0 Actual Operating Expense 16500 Assumable Finance 0 Buildings 2 Lease Expires1 MTM Lease Expires2 MTM Lease Expires3 MTM Mandatory Remarks None Known Market Area East County Monthly Rent1 3500 Monthly Rent2 2600 Monthly Rent3 4300 Motive Want Exchange Property Type Mixed Usage Sales Restrictions N/K Short Sale No Sq Ft Source Buyer to Verify Tenant Pays ElectricTrash Terms CashExchange UpOther/Remarks Unit Number1 8461 Unit Number2 8463 Unit Number3 8465 Zoning R-2:MINOR

San Diego MLS logo Listing provided courtesy of Rachel Wilkins of Innovate Realty, Inc.: 619-504-8119. 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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San Diego CA, 92110