NOT LISTED FOR SALE

8228 Linden Rd Lakeside, CA 92040

4 Beds
2 Baths
-- Sq Ft
-- Built

Last Sold November 22, 2023

Last sale price $650,000

6 Days on Market

Highlights

  • Partially Fenced Property
  • Gravity Heating System
  • 1-Story Property
  • El Capitan High School Rated A-

About This Home

As of November 2023

First time on the market! 8228 Linden Rd offers a rare chance for an investor to own two cash flowing units for an affordable price. Located in the Lakeside market, this property offers a solid unit mix of two (2 bed/1 bath) units on one lot. There is significant rental upside for the next ownership. Linden Rd is an opportunity for an owner-occupied buyer or traditional investor to get a foot in the door and reposition the building as they see fit.

Last Agent to Sell the Property

Brendan Flynn

South Coast Commercial, Inc. License #01933302 Listed on: 09/20/2023

South Coast Commercial, Inc.

Last Buyer's Agent

Teryl Peters

Metro to Mountain Real Estate License #01953556

Property Details

Home Type

  • Multi-Family

Home Design

  • Composition Roof
  • Stucco Exterior

Additional Features

  • 1-Story Property
  • Partially Fenced Property
  • Gravity Heating System

Community Details

  • 2 Units
  • Net Operating Income $8,639

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 388-552-23-00

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: East County
  • Cross Street: Short
  • Neighborhood: Lakeside
  • LP / Sq Ft: 17.65
  • Stories: 1 Story
  • Sale Price List Price: 1.04
  • Total Stories: 1
  • Year Built: 9999
  • Allow Comments Review: No
  • Internet Address Field: No Address
  • Internet Syndication Y N: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial
  • Roof: Composition

Utilities

  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Community: LAKESIDE

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 388-552-23-00

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 8639
  • Annual Expense Actual: 16339
  • Annual Expense Projected: 16339
  • Gross Rent Multiplier Actual: 24.5
  • Gross Rent Multiplier Projected: 11.8
  • Gross Sched Income Actual: 25488
  • Gross Sched Income Projected: 52800
  • Number Of Buildings: 1
  • Number Of Units With Range Oven: 2

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/22/2023 11/22/23 Sold $650,000 +4.0% --
09/27/2023 09/27/23 Pending -- -- --
09/20/2023 09/20/23 For Sale $625,000 -- --
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Brendan Flynn

    Seller's Agent in 2023

    Brendan Flynn

    South Coast Commercial, Inc.

    (339) 222-3361

    1 in this area

    40 Total Sales

    Brendan Flynn
    Section Image
  • Teryl Peters

    Buyer's Agent in 2023

    Teryl Peters

    Metro to Mountain Real Estate

    (619) 454-3669

    2 in this area

    40 Total Sales

    Teryl Peters
    Section Image

  • J

    Buyer's Agent in 2023

    Jinhan Yao

    Century 21 Masters

    Section Image
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Map

Source: San Diego MLS

MLS Number: 230018415

San Diego MLS
California San Diego County Lakeside 92040

8228 Linden Rd, Lakeside, CA

This home is located at 8228 Linden Rd, Lakeside, CA 92040 since 20 September 2023. 8228 Linden Rd is a home located in San Diego County with nearby schools including Lemon Crest Elementary School, Lakeside Middle School, and El Capitan High School.

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