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Residential Income for sale : 124 bedrooms : 9135 Mast Blvd in Santee

9135 Mast Blvd Santee

Main Photo: Residential Income for sale : 124 bedrooms : 9135 Mast Blvd in Santeebanner
$20,880,000
Prop. Type:
Residential Income
MLS® Num:
260025821
Status:
Active
Bedrooms:
124
Bathrooms:
108
Lake View Park Apartments is a well-maintained, garden-style community totaling 72 apartment homes on 2.62 acres in Santee, California. The unit mix is comprised of one and two-bedroom floor plans. Community amenities include a swimming pool, spa, common-area laundry facilities, outdoor seating and barbecue areas and beautiful landscaped grounds. The property provides ample on-site parking with 106 total spaces. The asset has been thoughtfully cared for, with approximately 26 units renovated to varying finish levels including 10-units with new washer/dryer hook-ups with a proven rent premium. Additionally, a strategic interior and exterior renovation program offers the potential to further enhance rents and improve overall operating performance. Lake View Park Apartments is ideally positioned in the heart of Santee, with Santee Lakes Recreation Preserve located just a short walk from the property. The 190-acre recreation destination features seven lakes, walking trails, fishing, boating, picnic areas and seven playgrounds, including a splash pad, providing residents with an exceptional range of outdoor recreational amenities within close proximity. The property also benefits from convenient access to shopping, dining and everyday services throughout Santee, as well as Interstate 8 and State Route 52, providing connectivity to major employment centers throughout East County and the greater San Diego region. This combination of nearby recreation, established residential neighborhoods and convenient regional access creates an attractive setting for residents.
Property Sub Type:
Com-Res Income
Number of Buildings:
7
County Or Parish:
San Diego
Market Area:
East County
Total Building Area:
Switch units of measure1.19 acre(s)
Total Floor Area:
Switch units of measure1.19 acre(s)
Total Bedrooms:
124
Bathrooms:
108
Full Bathrooms:
108
Half Bathrooms:
0
Num Stories:
2
Year Built:
0
Age (in years):
Switch units of measure2,026 year(s)
Short Sale:
false
Cap Rate.:
5.01
Gross scheduled income:
1959583.0
Operating expense:
923472.0
Number of Units:
72
Number of Units in Unit 1:
20
Number of Units in Unit 2:
16
Number of Units in Unit 3:
36
Total Rent for Unit 1:
$39,596
Total Rent for Unit 2:
$36,934
Total Rent for Unit 3:
$86,768
Special Listing Conditions:
N/K
Lot Size:
Switch units of measure2.62 acre(s)
Parcel Number:
380-031-22-00
Total Parking Spaces:
106
Listed by Eric D. Comer, Broker
Data was last updated October 28, 2026 at 09:10 PM (UTC)
Gerri-Lynn Fives
Pacific Sotheby's Intl Realty

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