Lakeside Apartment Building Sells for $9.5M
Real estate brokerage firm, Marcus & Millichap, has facilitated the $9.5 million sale of Lakeshore Villa, a 40-unit multifamily property in Lakeside, CA. Located across from Lindo Lake County Park on Lakeshore Drive, the community features an even mix of one- and two-bedroom residences with a swimming pool, laundry facilities and lake views.
Lindo Lake County Park is a prime recreation area featuring 1.5 miles of multi-use trails with 17 fitness stations, family picnic areas, a skate park, playground, softball field, horseshoe pits, tennis courts, a butterfly garden and a boathouse on a man-made island.
Austin Ray Huffman, Senior Partner and Christoper J. Zorbas, Executive Managing Director of Investments in Marcus & Millichap’s San Diego Del Mar office arranged the sale on behalf of the Buege Family Trust. The pair also procured the buyer, Srinivas Yalamanchili of Positive Investments.
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