9135 Mast Blvd, Santee, CA 92071

$20,880,000

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List Price
$20,880,000
Status
ACTIVE
MLS#
260025821SD
Lot Size
114,127
Acres
2.62
Days on Market
1
Property Type
Commercial
Property Sub Type
Mixed Use

Property Description

Lake View Park Apartments is a well-maintained, garden-style community totaling 72 apartment homes on 2.62 acres in Santee, California. The unit mix is comprised of one and two-bedroom floor plans. Community amenities include a swimming pool, spa, common-area laundry facilities, outdoor seating and barbecue areas and beautiful landscaped grounds. The property provides ample on-site parking with 106 total spaces. The asset has been thoughtfully cared for, with approximately 26 units renovated to varying finish levels including 10-units with new washer/dryer hook-ups with a proven rent premium. Additionally, a strategic interior and exterior renovation program offers the potential to further enhance rents and improve overall operating performance. Lake View Park Apartments is ideally positioned in the heart of Santee, with Santee Lakes Recreation Preserve located just a short walk from the property. The 190-acre recreation destination features seven lakes, walking trails, fishing, boating, picnic areas and seven playgrounds, including a splash pad, providing residents with an exceptional range of outdoor recreational amenities within close proximity. The property also benefits from convenient access to shopping, dining and everyday services throughout Santee, as well as Interstate 8 and State Route 52, providing connectivity to major employment centers throughout East County and the greater San Diego region. This combination of nearby recreation, established residential neighborhoods and convenient regional access creates an attractive setting for residents.

Additional Information

Cooling
Yes
Attached Structure
Detached
Number Of Units Total
72
Gross Scheduled Income
$1,959,583
Operating Expense
923472

Listing courtesy of Listing Agent: Eric Comer (eric.comer@kidder.com) from Listing Office: Eric D. Comer, Broker.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.