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LAUREL LANDING 12651 Laurel St 8 Unit Apartment Building $2,525,000 ($315,625/Unit) 4.80% Cap Rate Lakeside, CA 92040



Investment Highlights
- Generous number of Parking spots
- Great upside potential
- Excellent location close to freeways and shopping
Executive Summary
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 investment.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$169,586
|
$25.98
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$169,586
|
$25.98
|
| Taxes |
$25,250
|
$3.87
|
| Operating Expenses |
$23,237
|
$3.56
|
| Total Expenses |
$48,487
|
$7.43
|
| Net Operating Income |
$121,099
|
$18.55
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $169,586 |
| Annual Per SF | $25.98 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $169,586 |
| Annual Per SF | $25.98 |
| Taxes | |
|---|---|
| Annual | $25,250 |
| Annual Per SF | $3.87 |
| Operating Expenses | |
|---|---|
| Annual | $23,237 |
| Annual Per SF | $3.56 |
| Total Expenses | |
|---|---|
| Annual | $48,487 |
| Annual Per SF | $7.43 |
| Net Operating Income | |
|---|---|
| Annual | $121,099 |
| Annual Per SF | $18.55 |
Property Facts
| Price | $2,525,000 | Apartment Style | Low-Rise |
| Price Per Unit | $315,625 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.31 AC |
| Cap Rate | 4.80% | Building Size | 6,528 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1983 |
| Property Subtype | Apartment | Parking Ratio | 1.99/1,000 SF |
| Zoning | R3 | ||
| Price | $2,525,000 |
| Price Per Unit | $315,625 |
| Sale Type | Investment |
| Cap Rate | 4.80% |
| Sale Condition | 1031 Exchange |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 6,528 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1983 |
| Parking Ratio | 1.99/1,000 SF |
| Zoning | R3 |
Amenities
- Smoke Detector
Unit Amenities
- Dishwasher
- Eat-in Kitchen
- Kitchen
- Dining Room
- Family Room
Site Amenities
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | 807 - 825 |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 394-560-01 | Total Assessment | $1,666,914 (2026) |
| Land Assessment | $529,087 (2026) | Annual Taxes | $25,250 ($3.87/SF) |
| Improvements Assessment | $1,137,827 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
394-560-01
Land Assessment
$529,087 (2026)
Improvements Assessment
$1,137,827 (2026)
Total Assessment
$1,666,914 (2026)
Annual Taxes
$25,250 ($3.87/SF)
Tax Year
2025
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Contact the Sale Advisor
LAUREL LANDING | 12651 Laurel St
