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.
Mark comes to ConnectCRE with an extensive background as a business and news reporter in San Francisco radio, as well as 35 years as a traffic reporter on several stations including KGO, KNBR, KCBS and KFRC. As a business reporter, Mark covered the tech world in Silicon Valley where he became familiar with real estate transactions in the hot Bay Area marketplace. He attended San Jose State University with a BA in Radio and TV Broadcasting and currently resides in the Lake Tahoe area where he gets to frequently enjoy all of his favorite activities: Golfing, Fishing, Hiking and Skiing.