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18-Unit Apartment Investment
For Sale
$5,150,000
Pending

9659 Marilla Dr, Lakeside, CA 92040

Built in 1989, this 18-unit apartment property offers a mix of two-bedroom units with 27 parking spaces.

Property SizeContact for details
Lot Size28,700.00 Acres
Days on Market103

Property Features for 9659 Marilla Dr

General Information

Standard status Pending
Total Parking Spaces 27
Lot size 28,700.00 Acres
Property subtype General Commercial

Additional Details

Multifamily Units 18

Amenities

3

Building Details

Year Built 1989
Listing Agency: Conor Brennan, Broker
Listed By: Conor Brennan · License #01918598
Source: Xome
Added: May 28 Changed: Sep 1 Last Checked: Sep 7 at 6:00AM

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 Conor Brennan, Broker

Investment Insights

Based on property information with market context.

Marilla Crest Apartments is an 18-unit multifamily property built in 1989. The unit mix consists of four two-bedroom, one-bath units and fourteen two-bedroom, two-bath units. The property includes 27 parking spaces and seven on-site storage units.

Recent capital improvements are highlighted throughout the asset, including 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 across the property.

Set on an expansive lot, this well-maintained apartment investment is positioned with reduced near-term capital expenditure requirements based on the recent upgrade history described.

Key Highlights

  • Marilla Crest Apartments is an 18‑unit multifamily property built in 1989.
  • Unit mix includes four 2‑bed/1‑bath units and fourteen 2‑bed/2‑bath units.
  • Set on an 18,700 SF lot with 27 parking spaces and seven on‑site storage units.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Hair Salon Nail Salon Skin Care Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

18
Residential units

Location Intelligence

Trade Area within ½ mile

537
Businesses Nearby

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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Built in 1989, this 18-unit apartment property offers a mix of two-bedroom units with 27 parking spaces.
Where is this apartment building located?
The property is located at 9659 Marilla Dr Lakeside, CA.
What is the asking price?
The asking price for this property is $5,150,000.
What are key features of this property?
This property features: Marilla Crest Apartments is an 18‑unit multifamily property built in 1989.; Unit mix includes four 2‑bed/1‑bath units and fourteen 2‑bed/2‑bath units.; Set on an 18,700 SF lot with 27 parking spaces and seven on‑site storage units.
More about this property
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