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

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
  • Gross Rent Multiplier Actual: 24.5
  • Gross Rent Multiplier Projected: 11.8
  • Number Of Buildings: 1
  • Number Of Units With Range Oven: 2

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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 List to Sale Price per Sq Ft
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

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 $8,608 $663,000 $510,000 $153,000
2024 $8,608 $650,000 $500,000 $150,000
2023 $2,507 $145,226 $51,267 $93,959
2022 $2,442 $142,379 $50,262 $92,117
2021 $2,421 $139,588 $49,277 $90,311
2020 $2,363 $138,157 $48,772 $89,385
2019 $2,323 $135,449 $47,816 $87,633
2018 $2,250 $132,794 $46,879 $85,915
2017 $2,180 $130,191 $45,960 $84,231
2016 $2,091 $127,639 $45,059 $82,580
2015 $2,073 $125,723 $44,383 $81,340
2014 $1,993 $123,261 $43,514 $79,747
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

    44 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

    37 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

Not Listed for Sale

MultiFamily

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