NOT LISTED FOR SALE

12550 Laurel St Lakeside, CA 92040

8 Beds
5 Baths
10,190 Sq Ft
0.28 Acres Lot

Sale Details

Date 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

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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.