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12370 Parkside St Lakeside, CA 92040
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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
Read Less
Bought with John Newton • CBRE