7025 Boulevard Dr - Apartments FOR SALE


La Mesa, CA 91941
$4,800,000 USD
619-350-6122
7025 Boulevard Dr, La Mesa, CA for Sale
$4,800,000 USD
Apartments - FOR SALE
1/5
null | 5.26% Cap Rate

7025 Boulevard Dr
La Mesa, CA 91941


HIGHLIGHTS

  • Strong In-Place CAP Rate and 100% Occupancy: Secure a stable and reliable income stream with a robust 5.00% CAP rate and full occupancy.
  • Diverse Unit Mix in Prime Location: Benefit from a prime location near schools, shopping, and transport, featuring a mix of studios, one-bedroom, and
  • Significant Upside Potential with Market Rent Adjustments: Unlock substantial income growth potential by adjusting rents to market levels, increasing

OVERVIEW

**$200,000+ PRICE REDUCTION** Presenting a prime investment opportunity in the thriving multifamily market of La Mesa, California. 7025 Boulevard Drive is a well-maintained property that offers both stability and significant upside potential. With a robust in-place CAP rate over 5% and a solid occupancy rate of 100%, this property stands as a testament to consistent income and long-term value growth. Investing in 7025 Boulevard Drive offers a unique combination of immediate cash flow and long-term growth potential. The property’s strong financial performance, combined with its excellent location and high demand, makes it an attractive addition to any investment portfolio. Whether you’re looking to expand your multifamily holdings or secure a stable income-producing asset, this property delivers on all fronts.

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$334 USD /SF

# OF UNITS

20

PRICE/UNIT

$240,000

CAP RATE

5.26%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

C

APN/PARCEL ID

474-170-03

ASK ABOUT THIS PROPERTY

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619-350-6122

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Sasan MirkarimiEquity LegalMore Info
619-350-6122

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.