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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
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
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100

Property Taxes

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
  • Listing ID: 41498562

  • Date on Market: 7/30/2026

  • Last Updated:

  • Address: 12651 Laurel St, Lakeside, CA 92040

Contact the Sale Advisor

LAUREL LANDING | 12651 Laurel St

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