8461 Winter Gardens Boulevard

Lakeside, CA 92040

$1,497,770
Price
6
Beds
5
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Investment Opportunity! High-Performing Income Property Zoned C36! This is a MIXED-USE 3-unit property with potential to add up to 5 additional units, per seller according to the county. Seller spent just under $200,000 in updates and improvements! The front unit is currently operating a business under a CUP (Conditional Use Permit). At the back, you'll find two separate units, connected by a shared wall: one is a 4-bedroom, 2.5-bath unit, and the other is a 2-bedroom, 1-bath unit. Both back...Investment Opportunity! High-Performing Income Property Zoned C36! This is a MIXED-USE 3-unit property with potential to add up to 5 additional units, per seller according to the county. Seller spent just under $200,000 in updates and improvements! The front unit is currently operating a business under a CUP (Conditional Use Permit). At the back, you'll find two separate units, connected by a shared wall: one is a 4-bedroom, 2.5-bath unit, and the other is a 2-bedroom, 1-bath unit. Both back units feature their own private yard space and dedicated parking spots in front of each unit. Unit 8465 also includes a 2-car garage. All tenants are on month-to-month leases and are eager to stay. Each unit is individually metered for gas and electricity, while water is on a single meter currently paid by the seller.
  1. Listed by Rachel Wilkins • DRE #02075591 • Brokerage DRE #01227878 • Innovate Realty, Inc.

Property Details for 8461 Winter Gardens Boulevard

Zoning
R-2:MINOR
Cross Streets
Winter Gardens & Sapota
Area
Lakeside (LAK)
Lot Size Area
17812
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0
HOA Fee Frequency 2
Monthly
Assessor Parcel Number
388-533-09-00
LISTING UPDATED: 11/19/2024 11:12 AM

Property Details for 8461 Winter Gardens Boulevard

StatusActive
MLS #240018731SD
Days on Market104
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1966
Lot Size0.41 AC / 17,812 SF
CountySan Diego County

Building Information for 8461 Winter Gardens Boulevard

Stories1Residences-Year Built1966Building Size-Lot Size0.41 AC / 17,812 SF

Property Information for 8461 Winter Gardens Boulevard

Community / Development
Community / Development
  • Complex Name: N/A
  • Number Of Units: 3
  • Builders Tract Name: Winter Gardens
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 1
  • View: No
  • Security Features: None
Contract Info
Contract Info
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $108,300.00
  • Gross Scheduled Income: $91,800
  • Cap Rate: 7.31%
  • Gross Rent Multiplier: $8.33
  • Other Income1: $.00
  • Total Annual Expense: 16500
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
  • Lot Acreage: 0.41
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Central Forced Air, Wall/Window
Exterior Features
Exterior Features
  • Pool: No
  • Spa: No
  • Roof: Composition
  • Fence: Partial
Lease Terms
Lease Terms
  • Listing Terms: Cash, Conventional, Exchange
  • Tenant Pays: Cable TV, Electricity, Trash Collection
Unit Details
Unit 1 Information
  • Unit Baths: 1
  • Unit Rent: $3,500.00
  • Unit Actual Rent: $3,500.00
  • Unit Projected Rent: $3,675.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $2,600.00
  • Unit Actual Rent: $2,600.00
  • Unit Projected Rent: $2,730.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 4
  • Unit Baths: 2
  • Unit Rent: $4,300.00
  • Unit Actual Rent: $4,300.00
  • Unit Projected Rent: $4,515.00
  • Like Units: 1

Property History for 8461 Winter Gardens Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 8461 Winter Gardens Boulevard

This home is within Grossmont Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 1
Rating
School
Distance
Lemon Crest Elementary School
PublicK to 5

Lakeside Middle School
Public6 to 8

El Capitan High School
Public9 to 12

Winter Gardens Elementary School
PublicK to 1

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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8461 Winter Gardens Boulevard is a multi-family home for sale in Lakeside, CA 92040. This property was listed for sale on August 8, 2024 by Innovate Realty, Inc., it's currently listed at $1,497,770. It has been on the market for a total of 104 days and was last sold on August 2, 2021. This listing's school districts are Grossmont Union High School District, Lakeside Union Elementary School District. Nearby schools include Lemon Crest Elementary School, Lakeside Middle School and El Capitan High School. 8461 Winter Gardens Boulevard is a 6-bed, 5-bath, multi-family home built in 1966.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Innovate Realty, Inc., Rachel Wilkins, DRE #02075591

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