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Listed by Tony O Silva • Berkshire Hathaway HomeService
$2,525,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 8N-2607179
Year Built 1983
Tax Year 2025
Property Sub-Type Multi Family
Source California Regional Multiple Listing Service (CRMLS)
Property Description
The Silva Group Proudly present Laurel Landing, a well-maintained and high-performing multifamily investment opportunity in the heart of Lakeside. This attractive property consists of eight spacious two-bedroom, one-bath apartment homes situated on approximately 13,719 square feet of land. Built in 1983, the property encompasses approximately 6,528 square feet of rentable building area and has been thoughtfully maintained to provide stable, low-maintenance ownership. Designed with tenant comfort in mind, each residence features air conditioning, an in-unit stacked washer and dryer combination, and individually metered gas and electric service, allowing residents to control their own utility costs while reducing owner expenses. The ground-floor units enjoy the added benefit of private fenced yards, a highly desirable amenity that enhances tenant appeal and retention. The property offers 13 on-site parking spaces, providing ample parking for residents and guests. With its efficient layout, modern conveniences, and durable construction, Laurel Landing presents investors with an exceptional opportunity to acquire a stable, income-producing asset with low ongoing maintenance requirements and strong long-term investment potential. Ideally located just blocks from Downtown Lakeside, residents enjoy convenient access to local restaurants, shopping, entertainment, and community amenities. The property also offers easy access to major freeways, making commuting throughout San Diego County convenient and enhancing its appeal to a broad tenant base. Whether you're looking to expand your multifamily portfolio or complete a 1031 exchange, Laurel Landing represents a quality investment opportunity in one of East County's consistently strong rental markets.
Location
State CA
County San Diego
Area 92040 - Lakeside
Zoning R-3 Restricted Multiple
Building
Lot Description Level with Street
Others
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900