Updated Residential Income
For Sale
$335,000
11-10880 Highway 67, Lakeside, CA 92040
Refreshed home with split-bedroom layout, covered carport, storage sheds, and access to community amenities.
Property Size1,537 SF
Price / SF$217.96
Days on Market10
Property Features for 11-10880 Highway 67
General Information
Standard status
Active
Size
1,537 SF
Property subtype
Manufactured In Park
Additional Details
Multifamily Units
1
Amenities
clubhouse
swimming pool
playground
covered deck
storage sheds
covered carport
Building Details
Buildings
1
Listing Agency:
All Homes San Diego
(619) 401-4082
Listed By:
Lily Pigg · License #01927451
(619) 401-4082
Source:
Exprealty
Added: Aug 12
Changed: Aug 20
Last Checked: Aug 21 at 12:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of All Homes San Diego
Investment Insights
Based on property information with market context.
This 1,537-square-foot residential income property has been refreshed inside and out, with new paint on the interior, exterior, and driveway concrete. The split-bedroom arrangement places the main suite apart from the additional bedrooms and second bathroom. A separate retreat adjoins the main suite and can serve as flexible personal or office space. The home also includes an ensuite bathroom, spacious kitchen, quartz countertops, white cabinetry, stainless steel appliances, a pantry, breakfast nook, breakfast bar, formal dining room, and living room with a gel-fuel fireplace. Luxury vinyl click flooring, dual-pane windows, and central heating and air conditioning are also provided.
Outdoor features include a covered deck, two storage sheds, and a large covered carport. Lakeside View Estates is an all-ages community with a clubhouse, swimming pool, and playground. The property is located at 11-10880 Highway 67 in Lakeside, CA.
Outdoor features include a covered deck, two storage sheds, and a large covered carport. Lakeside View Estates is an all-ages community with a clubhouse, swimming pool, and playground. The property is located at 11-10880 Highway 67 in Lakeside, CA.
Key Highlights
- 1,537‑square‑foot home with a split‑bedroom floor plan
- Main suite includes an ensuite bathroom and separate retreat room
- Kitchen features quartz countertops, white cabinetry, stainless steel appliances, and a large pantry
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,538
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$510,760
$510.8K
Cap Rate 7%
$364,829
$364.8K
Cap Rate 9%
$283,756
$283.8K
Market Conditions
NOI Build-Up for 1,537 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$48.9K $31.80/SF
− Vacancy
−$2.4K −$1.59/SF
EGI
$46.4K $30.21/SF
− OpEx
−$20.9K −$13.59/SF
NOI
$25.5K $16.62/SF
Area
San Diego County, CA
Vacancy
5.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$510,760
Cap Rate 7%
$364,829
Cap Rate 9%
$283,756
Alternative Uses
Best Use
Apartment 5plus
$364.8K
$319.2K – $425.6K
NOI $25,538 @ 7.0% cap · market cap 7.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$704.2K
$616.2K – $821.6K
NOI $49,294 @ 7.0% cap · market cap 14.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
105
Businesses Nearby
Explore this area
Business Placement
Demographics for 92040, CA
43,640
Population
16,147
Households
2.7
Avg Household Size
39
Median Age
25%
College-Educated
93%
High-School Grad
67.2 sq mi
ZIP Area
649
Density / Sq Mi
$103,585
Median Household Income
$49,413
Median Earnings
$1,908
Median Rent
$648,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Refreshed home with split-bedroom layout, covered carport, storage sheds, and access to community amenities.
Where is this residential income property located?
The property is located at 11-10880 Highway 67 Lakeside, CA.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 1,537‑square‑foot home with a split‑bedroom floor plan; Main suite includes an ensuite bathroom and separate retreat room; Kitchen features quartz countertops, white cabinetry, stainless steel appliances, and a large pantry
