Lakeside, CA 92040,12370 Parkside St
Lakeside, CA 92040,12370 Parkside St
Lakeside, CA 92040,12370 Parkside St
6
$1,212,000
$1,195,000
1.4%
Est.Price: ?

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12370 Parkside St Lakeside, CA 92040

Est. payment /mo
SOLD DATE : 07/26/2019

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Key Details

Sold Price $1,212,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 190022318

Sold Date 07/26/19

HOA Y/N No

Property Description

Parkside Apartments, a 6-unit apartment complex immediately across from the newly built Sheriff substation. The units feature all 2 bedroom 2 bath layouts with over 940 square feet of living space, in-unit washer-dryer hookups, air conditioner wall units and kitchens with bay windows. The building offers a low maintenance pitched roof design, freshly painted stucco exterior and minimal landscaping upkeep. The staircases were also recently upgraded. With under market rents, this asset offers substantial rental upside of over $300 avg. per unit per month. The East County submarket was recently identified by CBRE Econometric Advisors as the highest rent growth and lowest vacancy submarket in San Diego county. Parkside Apartments are located blocks from the Main Street of growing downtown Lakeside, CA. It is directly across from the newly built Lakeside Sheriff substation, which revitalized the 1.2-acre site. The East County submarket was recently identified by CBRE Econometric Advisors as the San Diego submarket with the highest rent growth and lowest vacancy.

Location

State CA

County San Diego

Area 92040 - Lakeside

Interior

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Roof Type Composition

Others

Tax ID 3941102100

Financing Cash to New Loan

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California Regional MLS (CRMLS)
Listed by John Newton • CBRE
Bought with John Newton • CBRE

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Marie Goodloe

Agent | License ID: 01160799

+1(310) 251-0795

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