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12653 Lindo Ln

Lakeside, CA 92040
  • $1,100,000
  • STATUS: ACTIVE
  • ON SITE: 11 Days
  • ID#: 220011378
UPDATED: 77 min ago
$1,100,000
  • 8
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,848
    SQFT
  • $386
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1973
County:

School Ratings & Info

Description

A true value add opportunity in the heart of Lakeside. 12653 Lindo Ln offers (4) 2BR 1BA units, each with designated parking, a private exterior patio area, small on-site storage and laundry. Current ownership has replaced major plumbing systems and a new roof was installed in January of 2020. An incoming owner has immense rental upside and the potential to add additional units with an over 12,000 square foot lot. Please reference the full OM in the supporting documentation and contact the agent directly with questions.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
www.forsalesandiego.com/homes/128587316
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12653 Lindo Ln Lakeside, CA 92040

  • Price: $1,100,000
  • Status: ACTIVE
  • On Site: 11 Days
  • Updated: 77 min ago
  • ID#: 220011378
8
Beds
4
Baths
0
½ Baths
N/A
Acres
2,848
SQFT
$386
$/SQFT
1973
Built
Neighborhood:
Lakeside
County:
San Diego
Area:
Lakeside (92040)
Property Description
A true value add opportunity in the heart of Lakeside. 12653 Lindo Ln offers (4) 2BR 1BA units, each with designated parking, a private exterior patio area, small on-site storage and laundry. Current ownership has replaced major plumbing systems and a new roof was installed in January of 2020. An incoming owner has immense rental upside and the potential to add additional units with an over 12,000 square foot lot. Please reference the full OM in the supporting documentation and contact the agent directly with questions.
Exterior Features

Exterior Other/Remarks Fencing Other/Remarks Frontage N/K Roof Other/Remarks Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Unit4 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 4

Interior Features

Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Half Baths Unit4 0 Heat Equipment N/K Heat Source Other/Remarks Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1 Unit1 Laundry Hook Ups Common Unit2 Laundry Hook Ups Common Unit3 Laundry Hook Ups Common Unit4 Laundry Hook Ups Common Units With Cooling 4 Units With Dishwashers 4 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 4 Units With Refrigerators 4 Units With Washers 0

Property Features

Actual Cap Rate 2.76 Age Restrictions N/K Annual Expense Actual 23553 Annual Expense Projected 23553 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0.0 Community Lakeside Complex Park N/A Cross Streets Lindo Lane Gross Rent Multiplier Actual 19.81 Gross Rent Multiplier Project 11.75 Gross Scheduled Income Actual 55500 Gross Scheduled Income Project 91200 Home Owners Fees 0.0 Mandatory Remarks None Known Market Area East County Monthly Total Fees 0 Net Operating Income Projected 67341 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 6.12 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays Cable TvElectricityGas/Propane Terms CashConventionalExchangeFhaVaOther/Remarks Unit Number For Unit1 A Unit Number For Unit2 B Unit Number For Unit3 C Unit Number4 D Unit1 Deposit 0 Unit1 Occupied Tenant Unit1 Projected Rent 1900.0 Unit1 Rent Actual 1125.0 Unit2 Deposit 0 Unit2 Occupied Tenant Unit2 Projected Rent 1900.0 Unit2 Rent Actual 1100.0 Unit3 Deposit 0 Unit3 Occupied Tenant Unit3 Projected Rent 1900 Unit3 Rent Actual 1200.0 Unit4 Deposit 0 Unit4 Occupied Tenant Unit4 Projected Rent 1900 Unit4 Rent Actual 1200.0

San Diego MLS logo Listing provided courtesy of The Browar Group. Listing information © 2022 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
 
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Yarbrough Group
2445 Truxtun Rd., Ste 108
San Diego CA, 92106