9669 Marilla Dr - Apartments FOR SALE


Lakeside, CA 92040- Winter Gardens
$5,150,000 USD
858-248-1222
9669 Marilla Dr, Lakeside, CA for Sale
$5,150,000 USD
Apartments - FOR SALE
1/12
null | 4.87% Cap Rate

9669 Marilla Dr
Lakeside, CA 92040
Winter Gardens


HIGHLIGHTS

  • 18 Unit Community in Rarely Traded Suburban Neighborhood of San Diego County
  • Desirable 1989 Construction w/ Excellent Unit Mix - 100% Two Bedroom Units
  • Strong Rental Upside Potential
  • Major Capital Improvements Completed - New Roofs, Major Plumbing Upgrades and Exterior Paint in Recent Years
  • Large Lot with Abundant Parking | +/- 28,700 sf Lot with 27 Parking Spaces for Residents

OVERVIEW

CBRE is pleased to present Marilla Crest Apartments, an 18-unit multifamily investment opportunity located in the desirable Lakeside submarket of San Diego County. Built in 1989, the property features a highly attractive unit mix consisting of four (4) two-bedroom/one bath units and fourteen (14) two-bedroom/two-bath units, catering to residents seeking larger floor plans in an established East County rental market. Situated on an expansive ±28,700-square-foot lot, the property also offers 27 parking spaces and seven on-site storage units. The asset has benefited from significant capital improvements that reduce deferred maintenance and support long-term operational stability. Recent upgrades include full roof replacements with long-term warranties, complete plumbing re-piping with PEX, upgraded seismic gas valves, new exterior paint, fascia board replacement, and asphalt improvements throughout the property. These improvements position the asset as a well-maintained investment with limited near-term capital expenditure requirements. Select units have been renovated with updated flooring, fresh interior paint, and modern finishes, creating a clear path for continued interior upgrades and future rental growth. Residents benefit from an attractive community setting with on-site laundry facilities, assigned parking, and additional storage options.

FOR SALE DETAILS

PRICE

$5,150,000 USD

PRICE/SF

$314 USD /SF

# OF UNITS

18

PRICE/UNIT

$286,111

CAP RATE

4.87%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Marilla Crest Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1989

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.66 AC

LAND SF

28,750 SF

ZONING

RU

APN/PARCEL ID

382-220-07

ASK ABOUT THIS PROPERTY

Nate PepperCBREMore Info
858-248-1222

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Nate PepperCBREMore Info
858-248-1222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.