Lakeside, CA 92040,9747 Riverview AVE
Lakeside, CA 92040,9747 Riverview AVE
Lakeside, CA 92040,9747 Riverview AVE
Lakeside, CA 92040,9747 Riverview AVE
Lakeside, CA 92040,9747 Riverview AVE
Lakeside, CA 92040,9747 Riverview AVE
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$2,525,000

$2,899,000

12.9%
Est.Price: ?

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Est. payment /mo

SOLD DATE : 04/03/2024

Key Details

Sold Price $2,525,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PTP2400251

Sold Date 04/03/24

HOA Y/N No

Year Built 1960

Property Description

Motivated Seller!! Take a look at this great investment opportunity. 9747 Riverview Ave in Lakeside, CA, presents a unique investment opportunity. This property is exceptionally well-maintained and offers investors the potential to add value in a thriving urban rental market. Notably, the area is experiencing ongoing investments, both public and private, which are enhancing its overall desirability and quality." Well-maintained 12-unit apartment complex consisting of approximately 7,134 rentable square feet situated on a 22,904 square foot lot. The unit mix consists of one 2 bed / 2 bath, three 2 bed / 1bath, eight 1 bed / 1 bath. On-site laundry facilities. Each unit ensures tenant satisfaction and consistent occupancy rates. Currently operating at full capacity with a 100% occupancy rate, This investment holds the potential for robust cash flow, offering the prospect of significant returns.  Don't miss out on the chance to capitalize on this commercial investment gem. Secure your stake in a future of steady returns. This is truly an incredible opportunity to acquire a well-maintained property with strong rental upside

Location

State CA

County San Diego

Area 92040 - Lakeside

Zoning R-3:RESTRICTED MULTIPLE

Interior

Fireplace No

Building

Lot Description 11-15 Units/Acre

Story 2

Others

Tax ID 3820711800

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Athir Markos • Keller Williams Realty • 619-504-7999
Bought with Athir Markos • Keller Williams Realty
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