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11535 Rocky Ln 4 Unit Apartment Building $1,521,729 CAD ($380,432 CAD/Unit) 7.50% Cap Rate Lakeside, CA 92040

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INVESTMENT HIGHLIGHTS

  • Over 8 acres!
  • Currently Vacant
  • 3 one car garages + 1000 sq ft garage

EXECUTIVE SUMMARY

Introducing a rare investment and lifestyle opportunity in the peaceful countryside of Lakeside. Situated on 8.05 acres against a dramatic mountain backdrop, this property offers privacy, space, and versatility rarely found in San Diego County. The four residences total 4,476 rentable sq. ft. and include: a spacious 2 bed / 2 bath unit, a 2 bed / 1.5 bath unit, a 1 bed / 1 bath unit and a studio. Complementing the living spaces are a large 1,000 sq. ft. garage, four additional garages (one designed as a 1000 sq ft workshop), plus ample room for parking, storage, or future possibilities. Each unit has their own washer/dryer in the garage. Property is currently vacant. Whether you’re seeking rental income, multi-generational living, or the chance to enjoy country living with city conveniences nearby, this property delivers. With its expansive land, open space, and serene rural setting, this is a one-of-a-kind opportunity in Lakeside.

FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual $99,999
Annual Per SF $9.99
Vacancy Loss (CAD)
Annual $99,999
Annual Per SF $9.99
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS Under Contract

Price $1,521,729 CAD
Price Per Unit $380,432 CAD
Sale Type Investment
Cap Rate 7.50%
Gross Rent Multiplier 9.6
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Building Class B
Lot Size 8.05 AC
Building Size 4,476 SF
Average Occupancy 0%
No. Stories 2
Year Built 1992
Parking Ratio 1.12/1,000 SF
Zoning A70 - Single Family

AMENITIES

UNIT AMENITIES

  • Washer/Dryer

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+2 1 $3,597 CAD 1,236 - 1,336
2+1.5 1 $3,320 CAD 1,540
1+1 1 $2,283 CAD 1,200
Studios 1 $1,798 CAD 500
  • Listing ID: 37638808

  • Date on Market: 2025-09-11

  • Last Updated:

  • Address: 11535 Rocky Ln, Lakeside, CA 92040

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