12370 Parkside St
Lakeside, CA 92040

$1,195,000

Description

CBRE is pleased to offer for sale 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.

Details

MLS#190022318
StyleIndustrial
Sub-TypeResale
StatusActive
Days On Site60

Features

Story(s)0
Units6

Market Activity 92040

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Area Information

StateCA
CountySan Diego
CityLakeside
Zip Code92040
Listing VS Median (in 92040)
Price:
$1,195,000
low | high
Med:
$519,000
100% of Average
On Site:
60
low | high
Med:
17
100% of Average
Listing Updated: 06/21/2019
MLS Number: 190022318
Listing Provided By:
John Newton  of  CBRE
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