Listed by CBRE - San Diego
$5,150,000
9659-69 Marilla Dr
Details
APN 382-220-07
Property Type Multifamily
Sub Type Apartment Building
Square Footage 12,206
Units 18
Cap Rate 4.87%
Buildings 2
Stories 2
Multifamily | 4.87% CAP | 18 Units
Marketing description
Pleased to present Marilla Crest Apartments, an 18-unit multifamily investment opportunity located in the desirable Lakeside submarket of San Diego County. Built in 1989, the property features a highly attractive unit mix consisting of four (4) two-bedroom/one-bath units and fourteen (14) two-bedroom/two-bath units, catering to residents seeking larger floor plans in an established East County rental market. Situated on an expansive ±28,700-square-foot lot, the property also offers 27 parking spaces and seven on-site storage units. The asset has benefited from significant capital improvements that reduce deferred maintenance and support long-term operational stability. Recent upgrades include 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 throughout the property. These improvements position the asset as a well-maintained investment with limited near-term capital expenditure requirements.
Listing Contacts
Listed by CBRE - San Diego
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Zoning
RU-AR(A)-D(-)-LOT(6000)-BT(K)-MFAR(-)-FAR(-)-H(G)-COV(-)-SB(J)-OS(A)-SR(B-C-D) ResidentialMulti FamilyUrban Residential
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View all 124 uses Last updated Mar 9, 2026 For deeper zoning details, reports are available at Zoneomics
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