7425 Waite Dr, La Mesa, CA 91941 An exceptional investment opportunity in the heart of La Mesa! This rare 12-unit townhome-style multifamily property offers private yards or patios for every unit, ample parking, and strong rental upside potential. Ideally located with easy access to the 94 Freeway, this well-maintained asset is just minutes from shopping, dining, Home Depot, and the scenic Chollas Lake Park. Property Highlights: - Townhome-Style Units – Each unit features a private yard or patio, with the end unit offering an extended outdoor space and back porch. - Ample Parking – Every unit has at least one assigned space, plus six additional spaces rented at $50/month for extra income. - Value-Add Opportunity – Two units will be vacant mid-March, providing an immediate chance to increase rents. - Renovation in Progress – One unit is undergoing a full remodel, adding further value to the property. Recent Upgrades Across Units: - New kitchen cabinets in Units 1, 3, 4, 11, and 12 - Dual-pane windows in most units (a few with older sliders) - Water heaters relocated outside for efficiency (Unit 2 scheduled next) - Modern lighting and ceiling fans installed in most units - Popcorn ceilings removed for a contemporary look - Upgraded flooring, including bamboo upstairs and LVT replacements Additional Features: - Well-maintained landscaping with a dedicated gardener - Roof warranty valid for another year - No major capital improvements needed upon purchase This highly desirable multifamily asset offers a stable cash flow with significant rental upside potential. Whether you're an investor looking to grow your portfolio or seeking a prime property in a strong rental market, this is an opportunity you won’t want to miss!