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Emerald Grove 9420 Emerald Grove Ave 3 Unit Apartment Building $839,000 ($279,667/Unit) 4.50% Cap Rate Lakeside, CA 92040
EXECUTIVE SUMMARY
Please see attached floor plan
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$45,000
|
$17.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$45,000
|
$17.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$7,200
|
$2.88
|
| Net Operating Income |
$37,800
|
$15.11
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $45,000 |
| Annual Per SF | $17.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $45,000 |
| Annual Per SF | $17.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $7,200 |
| Annual Per SF | $2.88 |
| Net Operating Income | |
|---|---|
| Annual | $37,800 |
| Annual Per SF | $15.11 |
PROPERTY FACTS
| Price | $839,000 | Apartment Style | Low-Rise |
| Price Per Unit | $279,667 | Lot Size | 0.55 AC |
| Sale Type | Investment | Building Size | 2,502 SF |
| Cap Rate | 4.50% | Average Occupancy | 100% |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | ||
| Zoning | VR - Village Residential 7.3 units/acre | ||
| Price | $839,000 |
| Price Per Unit | $279,667 |
| Sale Type | Investment |
| Cap Rate | 4.50% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Lot Size | 0.55 AC |
| Building Size | 2,502 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1958 |
| Zoning | VR - Village Residential 7.3 units/acre |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Storage Space
- Washer/Dryer Hookup
- Refrigerator
- Oven
- Range
- Tub/Shower
- Views
- Carpet
- Yard
- Basement
- Deck
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 2 | $1,838 | 744 - 1,158 |
| 1+1 | 1 | $800.00 | 600 |
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
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STREET VIEW
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California Investment Bankers
Emerald Grove | 9420 Emerald Grove Ave
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