Lakeside 4-Plex For Sale

Written by Jim the Realtor

January 11, 2015

lakeshore 4-plex

We have an accepted offer on Glenmont in Solana Beach!

Our goal is 50 listings this year, and here’s our third – Richard’s investor special, a fourplex in Lakeside for only $450,000 (the least-expensive 4-plex for sale in the entire county!):

4 Comments

  1. avgjoe

    Looks like a screaming buy. I lived in lakeside 30 years ago. nice town. i use to get slurpees at the 7-11 right off highway 8. I think there is a burger king next door now. The exit east of los coaches to the old highway 8.

    I have to imagine you are looking at 1000/ month out of each unit. So 4000 / month in rental income – loan payment – maintenance. Looks like some great cash flow to me.

    the brick walls are probably less maintenance too. no termites to worry about. roof should last 35 years @ least. Those kitchens are so basic you could probably put new cabinets , countertop and sink in for < 2500. Bathroom vanities 100 bucks at home depot. New carpet throughout for 1000 bucks.

  2. shadash

    avgjoe,

    Your numbers are exactly the same as mine. Also I agree this looks like a great buy. If it was closer to north county I’d be on it.

  3. mannixpanix

    Would love to see actual rent figures as my guess is quite a bit lower based upon what I get in North Park. I’m thinking $700 to 800 per unit?

  4. Jim the Realtor

    $820 per unit currently, with one long-timer still at $700.

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Jim Klinge
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