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8545-49 Winter Gardens Blvd 8545-49 Winter Gardens Blvd

6 Unit Block of Flats £1,644,930 (£274,155/Unit) Lakeside, CA 92040

Investment Highlights

  • Recently renovated units
  • Large driveway and garages offering plenty of ample parking space
  • Diverse unit mix ranging from spacious 3 bedrooms, 1 bedrooms, and even an ADU
  • Residential Financing is available

Executive Summary

This portfolio consists of 2 separate properties being sold as one - 6 units total. There are three recently renovated units. Unit 8547 offers a 3-bedroom, 2-bathroom setup with 1,000 square feet, renting for $2,900 per month. Another unit provides a 3-bedroom, 1-bathroom configuration, currently rented for $2,325. Additionally, unit 8545 is an ADU generating $2,995 per month. Unit 8549 has a main unit as a spacious 3-bedroom, 2-bathroom home with 1,400 square feet, currently rented for $2,350 per month. The second unit is a comfortable 1-bedroom, 1-bathroom apartment, offering 700 square feet of living space and rented for $1,200 per month. A third unit, also a 3-bedroom, 2-bathroom layout, mirrors the main unit's rental income at $2,350 per month. With a prime location and rental income potential, this property is a great opportunity for investors. (Permits unknown for 3 units). Residential financing is available.

Financial Summary (Pro forma - 2024)

Annual Annual Per SF
Gross Rental Income £165,198 £35.28
Other Income - -
Vacancy Loss £4,956 £1.06
Effective Gross Income £160,242 £34.23
Taxes £9,547 £2.04
Operating Expenses £13,649 £2.92
Total Expenses £23,196 £4.95
Net Operating Income £137,046 £29.27

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual £165,198
Annual Per SF £35.28
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual £4,956
Annual Per SF £1.06
Effective Gross Income
Annual £160,242
Annual Per SF £34.23
Taxes
Annual £9,547
Annual Per SF £2.04
Operating Expenses
Annual £13,649
Annual Per SF £2.92
Total Expenses
Annual £23,196
Annual Per SF £4.95
Net Operating Income
Annual £137,046
Annual Per SF £29.27

Property Facts

Price £1,644,930
Price Per Unit £274,155
Sale Type Investment
No. Units 6
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.39 AC
Building Size 4,682 SF
Number of Floors 2
Year Built 1955
Parking Ratio 2.35/1,000 SF

Unit Amenities

  • Microwave
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

Site Amenities

  • 24 Hour Access

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
3+2 3 £2,056 1,150 - 1,400
1+1 1 £939.96 700
3+1 1 £1,821 1,100
Studios 1 £2,346 1,100
  • Listing ID: 32962358

  • Date on Market: 26/08/2024

  • Last Updated:

  • Address: 8545-49 Winter Gardens Blvd, Lakeside, CA 92040

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