8837-8839 La Mesa Blvd - Apartments FOR SALE


La Mesa, CA 91942
$1,299,000 USD
858-729-3094
8837-8839 La Mesa Blvd, La Mesa, CA for Sale
$1,299,000 USD
Apartments - FOR SALE
1/10
null | 4.62% Cap Rate

8837-8839 La Mesa Blvd
La Mesa, CA 91942


HIGHLIGHTS

  • Prime Location
  • Well Maintianed
  • In-Unit Laundry
  • Rental Upside
  • Roof Replaced in 2023

OVERVIEW

Property Overview 8837-8839 La Mesa Blvd consists of four rentable units separated into two buildings. The structures are located on a 7,226 sq ft lot in the heart of La Mesa, California. All apartments are one bedroom one bath units that are approx. 506 sq ft each. Ownership has taken great care in rehabbing the inside and outside of the complex. All units have been renovated in the past ?ve years with laminate ?ooring, new countertops, stainless steel appliances, tiled bathrooms, dual paned windows, in unit laundry, and more. Roof was just replaced in 2023 as well. This represent an opportunity for an investor to acquire a well maintained asset in a highly desired rental community with rental upside. Location Overview La Mesa is known as the Jewel of the Hills with its tree-lined neighborhoods, its downtown village, and it’s very walkable streets set in the rolling hills of southwestern San Diego. La Mesa is the gateway to East County with access to all areas of San Diego through three major freeways, two trolley lines and ?ve trolley stations. A vibrant city, La Mesa is home to the Mt. Helix Park and Amphitheater, Lake Murray recreation area, and Mission Trails Park, including Cowles Mountain. Also nearby are Sun Valley Fairways Golf Course, SDSU, shopping, restaurant, theaters and the San Diego Trolley. La Mesa borders the Lemon Grove/Spring Valley to the South, Santee to the North, El Cajon to the East and San Diego to the West. Only a 15 minute drive to Downtown San Diego and the beaches, La Mesa is a short drive to all major employment centers including Mission Valley, Kearny Mesa, Downtown San Diego, University Towne Centre, Sorrento Valley, North and South San Diego County. La Mesa’s near perfect climate, its 14 public parks, a variety of housing, and multiple commercial and retail areas, make it a highly desirable community in which to live work and conduct business. a variety

FOR SALE DETAILS

PRICE

$1,299,000 USD

PRICE/SF

$404 USD /SF

# OF UNITS

4

PRICE/UNIT

$324,750

CAP RATE

4.62%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

-

APN/PARCEL ID

494-220-07

ASK ABOUT THIS PROPERTY

Cody EvansSouth Coast Commercial, Inc.More Info
858-729-3094

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Cody EvansSouth Coast Commercial, Inc.More Info
858-729-3094

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