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Listed by Lynnor Anderson • Realty ONE Group Pacific
$ 1,995,000
Est. payment | /mo
3,950 SqFt
$ 1,995,000
Est. payment | /mo
3,950 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,950 sqft
Price per Sqft $505
MLS Listing ID CRPT25044811
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1980
Lot Size 0.300 Acres
Property Sub-Type Quadruplex
Property Description
This one has it all! A rare investment opportunity to own 4 completely renovated move-in units with a lot that can allow for future development. Located in one of the most loved neighborhoods in La Mesa. Quick access to freeways, schools, SDSU, and shopping. Strong rents and great tenants in place now. The main home is a single-story with a detached 2-car garage and a spacious backyard with a pool. Perfect for an owner-occupant buyer using VA or FHA financing. Gain immediate rental income while offsetting your payment. You have three units in addition to the home. A 2/1 rented at $2,600. Along with 2 1/1's rented at $1,750 and $1,512 a month. The main home's rental potential is $5,300. With all 4 units rented you could bring in as much as $11,162 a month, $133,944 a year! This property has everything investors search for: updated units, spacious interior and exterior spaces, long-term appreciation, and the ability to develop more units down the road. Or convert the 2 car garage into an additional unit now. This property offers you a multitude of options. Be sure to ask for the offering memorandum with all the financial and property details. That way you get a full breakdown of the numbers and why this property checks off all the boxes for your investment portfolio.
Location
State CA
County San Diego
Interior
Heating Wall Furnace
Cooling No Air Conditioning
Flooring Laminate
Fireplace No
Appliance Electric Water Heater
Laundry Other
Exterior
View None
Building
Lot Description Other, Back Yard, Front Yard
Water Public
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Adam Shoop
Broker Associate at Exp Realty | Lic# 1782227