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9688 Los Coches Rd

Lakeside, CA 92040

$1,950,000

Apartments For Sale  •  7,378 Sq Ft

Property Details

  • Property Type Apartments
  • Total Building Size 7,378 Sq Ft
  • Lot Size 0.28 ac
  • Building Class C
  • Year Built 1974
  • Cap Rate 5.83 %
  • Zoning 3, Lakeside
25 Transit Score
63 Walk Score

Description

FOR SALE! 10 Units with strong unit mix! Total 19 Bedrooms and 10 Baths! with mix of ( 9 ) 2 Bedroom 1 Bath Average Rent now $1,300 each ( Some Currently $1,350 )and ( 1 ) - larger 1 Bedroom 1 Bath Rent $1,150 now with -18 plus off street parking spaces and 3 Garages and 4 Storage spots and leased laundry units provide additional income, Buy own equipment and potentially double or triple laundry income ! Gated interior front door complex area for added security. Large Corner Lot Located close to Freeways and shopping areas! Great upside in Rents for future owner! only $195,000 per unit and average rents estimated currently below market average by a few hundred dollars per unit! Rehab the units and potentially raise rents up to $300 per unit. making your potential cap rate over 6% and Potential Yearly ROI over 10% - currently 100% rented. Price REDUCED $150,000 on 1/4/2019!

Highlights

Great unit Mix (nine) 2 Bedroom and (one) 1 Bedroom
Room to Raise Rents! Tenants all Month to Month!
Extra Laundry income-3 Garages and 4 storage spots for extra income potential
Large Corner Lot -18 plus off street parking spots
Los Coches Road -Main Drive by traffic for rent marketing exposure

Property Flyers

Financial Summary (Actual)

Net Operating Income: $113,772 (2018)
Cap Rate: 5.83 %
Total Expenses: $40,728

Amenities

  • Air Conditioning
  • Laundry Facilities
  • Storage Space
  • Gated
  • Refrigerator
  • Range

Public Transportation

AirportDriveWalkDistance
San Diego International Airport 28 min - 23.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 15
Type: Surface
Included in Rent: Yes
Tim Jurries 619-417-7653 Coldwell Banker West
Tim Jurries 619-417-7653 Coldwell Banker West