Clark Moses
Stonegate Realty & Mortgage
(858) 630-6787
54 Total Sales
1 in Winter Gardens
$920,000 Price
9760 Marilla Dr Lakeside, CA 92040
Winter Gardens Area
2
Beds
3
Baths
25,920
Sq Ft
1.26
Acre Lot
Highlights
- Fitness Center
- 54,885 Sq Ft lot
- Community Barbecue Grill
- Heated Pool
- Clubhouse
- Landscaped
About This Home
As of October 2023PRICE REDUCTION. SELLER HAS FOUND THEIR UPLEG. The Magnolia Terrace apartment community represents a solid value add investment opportunity for acquisition in the San Diego County apartment market. Built in 1974, the 54-unit property rests on a 1.26 acre lot and consists of 25,920 square feet of rentable space. The property has a unit mix of 36 studios, 16 one bedroom one bath units, and 2 two-bedroom one bath units. Current ownership also has an in-place RUBS program to recapture the cost of water usage while tenants pay their own electric. Residents enjoy the convenience of onsite laundry (leased equipment) as well as a swimming pool/barbecue area for family gatherings. The spacious parking area has 1 parking space for each unit plus additional spots that some tenants pay extra for, generating additional income for the owner. The property is located just off the 67 freeway affording the residents convenient access to jobs and all that San Diego has to offer. With solid in place income a new owner could renovate units as they turn over and increase rents.
Last Agent to Sell the Property
South Coast Commercial, Inc. License #01816761 Listed on: 05/22/2023
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Property Details
Home Type
- Multi-Family
Lot Details
- 1.26 Acre Lot
- Wood Fence
- Landscaped
Home Design
Interior Spaces
- 2 Bedrooms
- 25,920 Sq Ft Home
- 2-Story Property
- Vinyl Flooring
Parking
- 82 Parking Spaces
- 11 Carport Spaces
- Parking Available
Additional Features
- Heated Pool
- Number of ADU Units: 36
- Cooling System Mounted To A Wall/Window
Community Details
Overview
- 3 Buildings
- 54 Units
Amenities
- Community Barbecue Grill
- Clubhouse
Recreation
- Fitness Center
Building Details
- Operating Expense $292,810
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
May 22, 2023
Closed on
Oct 2, 2023
Sold by
Bought by
Seller's Agent
Gary Kaufman, CCIM
South Coast Commercial, Inc.
Buyer's Agent
Cody Evans
South Coast Commercial, Inc.
List Price
$12,600,000
Sold Price
$9,850,000
Premium/Discount to List
-$2,750,000
-21.83%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,900,000
Interest Rate
7.23%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Sep 8, 2015
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,480,000
Interest Rate
3.97%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 27, 2014
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,637,500
Interest Rate
4.46%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 19, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,200,000
Interest Rate
5.64%
Mortgage Type
Balloon
Purchase Details
Closed on
Aug 18, 2005
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,200,000
Interest Rate
5.64%
Mortgage Type
Balloon
Purchase Details
Closed on
Apr 15, 1999
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,237,500
Interest Rate
7.1%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 16, 1984
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Lakeside, CA
-
Clark Moses
-
Mary Laterza
Mary Laterza
Core Property Group
(619) 732-1602
16 Total Sales
1 in Winter Gardens
$845,000 Price
-
Paul Miller
Paul Miller
Century 21 Americana
(619) 257-2914
235 Total Sales
1 in Winter Gardens
$870,000 Price
-
Andrea Flint-Gogek
Andrea Flint-Gogek
Tranquility Real Estate Services
(619) 613-2567
142 Total Sales
3 in Winter Gardens
$655K - $885K Price Range
-
Virginia Gissing
Virginia Gissing
RE/MAX Connections
(949) 978-0703
59 Total Sales
2 in Winter Gardens
$430,000 Price Range
-
Athir Markos
Athir Markos
Coldwell Banker West
(619) 493-1756
153 Total Sales
8 in Winter Gardens
$620K - $2.5M Price Range
Purchase 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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $9,850,000 | Fidelity National Title | ||
| $6,400,000 | Chicago Title Co | ||
| $5,000,000 | Chicago Title Co | ||
| -- | Landamerica | ||
| -- | Landamerica | ||
| -- | Landamerica | ||
| -- | Landamerica | ||
| -- | Landamerica | ||
| -- | Landamerica | ||
| -- | Landamerica | ||
| -- | Landamerica | ||
| -- | Chicago Title | ||
| $1,495,000 | -- |
Source: Public Records
Mortgage 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 | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $6,000,000 | ||
| Closed | $5,900,000 | ||
| Previous Owner | $5,600,000 | ||
| Previous Owner | $4,480,000 | ||
| Previous Owner | $3,637,500 | ||
| Previous Owner | $3,200,000 | ||
| Previous Owner | $1,912,500 | ||
| Previous Owner | $1,237,500 |
Source: Public Records
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 |
|---|---|---|---|---|
| 10/10/2023 10/10/23 | Sold | $9,850,000 | -14.3% | $380 / Sq Ft |
| 09/14/2023 09/14/23 | Pending | -- | -- | -- |
| 09/01/2023 09/01/23 | Price Changed | $11,500,000 | -6.5% | $444 / Sq Ft |
| 06/23/2023 06/23/23 | Price Changed | $12,300,000 | -2.4% | $475 / Sq Ft |
| 05/23/2023 05/23/23 | For Sale | $12,600,000 | -- | $486 / 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 |
|---|---|---|---|---|
| 2026 | $150,272 | $10,235,663 | $4,057,560 | $6,178,103 |
| 2025 | $150,272 | $10,034,964 | $3,978,000 | $6,056,964 |
| 2024 | $145,154 | $9,838,200 | $3,900,000 | $5,938,200 |
| 2023 | $111,768 | $7,276,983 | $2,844,571 | $4,432,412 |
| 2022 | $109,006 | $7,134,298 | $2,788,796 | $4,345,502 |
| 2021 | $107,847 | $6,994,411 | $2,734,114 | $4,260,297 |
| 2020 | $103,544 | $6,922,693 | $2,706,080 | $4,216,613 |
| 2019 | $101,440 | $6,786,955 | $2,653,020 | $4,133,935 |
| 2018 | $99,241 | $6,653,878 | $2,601,000 | $4,052,878 |
| 2017 | $820 | $6,523,410 | $2,550,000 | $3,973,410 |
| 2016 | $92,304 | $6,395,500 | $2,500,000 | $3,895,500 |
| 2015 | $74,147 | $4,946,903 | $1,886,963 | $3,059,940 |
| 2014 | $71,853 | $4,843,784 | $1,805,967 | $3,037,817 |
Source: Public Records
Agents Affiliated with this Home
-
Gary Kaufman, CCIM
Seller's Agent in 2023
Gary Kaufman, CCIM
South Coast Commercial, Inc.
(760) 814-0114
9 Total Sales
-
Cody Evans
Buyer's Agent in 2023
Cody Evans
South Coast Commercial, Inc.
(858) 729-3094
30 Total Sales
Map
Source: San Diego MLS
MLS Number: 230009610
APN: 382-210-14-00
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