NOT LISTED FOR SALE

12550 Laurel St Lakeside, CA 92040

8 Beds
5 Baths
10,190 Sq Ft
12,197 Sq Ft

Last Sold March 22, 2021

Last sale price $3,325,000 $326 Per Sq Ft

19 Days on Market

About This Home

As of March 2021

Constructed in 2017, 12550 Laurel Street is a Fully Rented Nine Unit Apartment Community. The Luxuries of In-Unit Washers & Dryers, Centralized Heating and Air, and Tenant Carports meet the Needs of a Modern Tenant while Investors Benefit from Low Expenses as Each Unit at the Property is Separately Metered for Water and Gas & Electric. The Property Offers a Unit Mix of One 4Br/2Ba Unit, Six 2Br/2Ba+Den Units & Two 2Br/1Ba+Den Units with Spacious Floor Plans. The property sits on a 12,236 Sq. Ft. Lot with Low Maintenance Landscaping. Bypass the Rent Control Laws with a New Construction Multifamily Investment.

Last Agent to Sell the Property

Nick Azoff

Starker West, Inc. License #02035396 Listed on: 12/10/2020

Co-Listed By

Adam Cairo

Starker West, Inc. License #01948040

Last Buyer's Agent

Kevin Scudelari

South Coast Commercial, Inc. License #02062391

South Coast Commercial, Inc.

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.28

Home Design

  • Composition Roof
  • Stucco

Interior Spaces

  • 8 Bedrooms
  • 10,190 Sq Ft Home
  • 2-Story Property

Parking

  • 12 Car Garage
  • 9 Carport Spaces
  • Parking Available

Additional Features

  • Number of ADU Units: 1
  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $19,111

Community Details

Overview

  • 9 Units

Building Details

  • 9 Leased Units
  • Operating Expense $63,393

Property Details

Home Type

Multi-Family

Lot Details

0.28 Acres

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Property Sub Type: Com-Res Income
  • Community Features: None
  • CapRate: 4.5
  • Co List Office Mls Id: 69464
  • Co List Office Mls Id: 69464
  • Living Area: 10190.0
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-07-18T08:57:51Z
  • FullAddress: 12550 Laurel St
  • NumofLeasedApartments: 9
  • Special Features: None

Interior Features

  • Total Bedrooms: 8

Exterior Features

  • Roof: Composition
  • Construction Type: Stucco

Garage/Parking

  • Carport Spaces: 9.0
  • Parking Features: Carports, Garages, Spaces
  • Total Parking Spaces: 12.0

Utilities

  • Cooling: Central Forced Air Elec
  • Heating: Central Forced Air Elec

Lot Info

  • Zoning: R-4:MULTIP

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 9
  • Annual Operating Expense: 63393.0
  • Total Actual Rent: 19111.0
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/22/2021 03/22/21 Sold $3,325,000 -5.0% $326 / Sq Ft
12/30/2020 12/30/20 Pending -- -- --
12/10/2020 12/10/20 For Sale $3,500,000 -- $343 / Sq Ft
Source: San Diego MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $43,742 $3,599,086 $1,623,648 $1,975,438
2024 $43,742 $3,528,516 $1,591,812 $1,936,704
2023 $42,191 $3,459,330 $1,560,600 $1,898,730
2022 $41,515 $1,459,951 $118,648 $1,341,303
2021 $18,780 $1,459,951 $118,648 $1,341,303
2020 $18,554 $1,444,982 $117,432 $1,327,550
2019 $18,242 $1,416,650 $115,130 $1,301,520
2018 $20,525 $1,388,873 $112,873 $1,276,000
2017 $11,658 $860,660 $110,660 $750,000
2016 $1,462 $88,883 $88,883 $0
2015 $1,457 $87,548 $87,548 $0
2014 $2,221 $150,680 $85,834 $64,846
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 200053627

San Diego MLS

APN: 394-061-06-00

Your Personal Tour Guide

Ask me questions while you tour the home.