Sold

9747 Riverview Avenue

Lakeside CA, 92040

$2,525,000


$353.94 per sqft

Sold

7,134 sqft

Commercial

Built in 1960

Listed by Athir Markos with Keller Williams Realty 619-873-2700

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

PTP2400251

MLS ID

January 22, 2024

Listed

April 15, 2024

Updated

Map

9747 Riverview Avenue
Lakeside CA, 92040

Interior Features

Total Stories

2


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

22,904 Acres


Lot Features

11-15 Units/Acre

Other Property Details

Area Name

92040 - Lakeside


Days on Market

47


Garage

No


Parking Total

0


View

No


County

San Diego


Water Source

Public


Pool

No


Zoning

R-3:RESTRICTED MULTIPLE


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

4/15/2024

Sold

$2,525,000

3/22/2024

Pending

1/22/2024

Price Change

$2,899,000

-4%

Listing Contact: 619-873-2700 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/15/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 4/15/2024 at 7:10 PM UTC

 

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