6-Unit Apartment
For Sale
$1,100,000
8555-57 Winter Gardens Blvd, Lakeside, CA 92040
Two contiguous-parcel buildings are available together or as separate triplexes.
Property Size3,800 SF
Price / SF$289.47
Days on Market66
Property Features for 8555-57 Winter Gardens Blvd
General Information
Standard status
Active
Size
3,800 SF
Property subtype
Multi-Family
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
6
Amenities
central HVAC
in-unit laundry
Building Details
Year Built
1965
Buildings
2
Listing Agency:
CBRE
Listed By:
Michael Robert Greiner michael.greiner@cbre.com
Source:
Viewsandiegohouses
Added: Aug 24
Changed: Oct 26
Last Checked: Oct 28 at 8:29AM
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 CBRE
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Investment Insights
Based on property information with market context.
The property comprises two apartment buildings on contiguous parcels, totaling 6 units and 3,800 square feet. Most units have three bedrooms and townhome-style layouts. Improvements include updated building systems and renovated interiors; select units feature central HVAC, in-unit laundry, and two-story floor plans. Four private garages are included, along with additional parking.
Winter Gardens Boulevard provides access to Highway 67. Nearby retail includes Albertsons, Grocery Outlet, Walgreens, and Starbucks. Winter Gardens Elementary School and community parks are adjacent, and Downtown Lakeside is minutes away.
Winter Gardens Boulevard provides access to Highway 67. Nearby retail includes Albertsons, Grocery Outlet, Walgreens, and Starbucks. Winter Gardens Elementary School and community parks are adjacent, and Downtown Lakeside is minutes away.
Key Highlights
- 6 units across two contiguous parcels; offered together or as separate triplexes
- 3,800 square feet across two apartment buildings
- Most units feature three‑bedroom, townhome‑style layouts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,085
Cap Rate
6.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,361,700
$1.4M
Cap Rate 7%
$972,643
$972.6K
Cap Rate 9%
$756,500
$756.5K
Market Conditions
NOI Build-Up for 3,800 SF
Gross rent
$102.6K $27.00/SF
− Vacancy
−$5.3K −$1.40/SF
EGI
$97.3K $25.60/SF
− OpEx
−$29.2K −$7.68/SF
NOI
$68.1K $17.92/SF
Area
San Diego County, CA
Vacancy
5.20%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,361,700
Cap Rate 7%
$972,643
Cap Rate 9%
$756,500
Alternative Uses
Best Use
Multifamily LT 5
$972.6K
$851.1K – $1.13M
NOI $68,085 @ 7.0% cap · market cap 6.19%
Second Best
Apartment 5plus
$902.0K
$789.2K – $1.05M
NOI $63,139 @ 7.0% cap · market cap 5.74%
Theoretical Best
Office A
$1.74M
$1.52M – $2.03M
NOI $121,872 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
6
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
230
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
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two contiguous-parcel buildings are available together or as separate triplexes.
Where is this apartment building located?
The property is located at 8555-57 Winter Gardens Blvd Lakeside, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 6 units across two contiguous parcels; offered together or as separate triplexes; 3,800 square feet across two apartment buildings; Most units feature three‑bedroom, townhome‑style layouts
