Property Detail

Description

Exceptional 10-unit multifamily opportunity in prime La Mesa featuring $109,000 in recent capital improvements, including a new roof (2024), SB721 balcony completion with new railings and stairways (2025), and electrical upgrade (2025). These major upgrades enhance insurability and streamline financing for the next owner. Built in 1959, the property consists of 10 units totaling approximately 5,940 rentable SF on an 11,346 SF lot with a desirable mix of 4 studios, 4 one-bedrooms, and 2 two-bedrooms, offering broad tenant appeal and income diversification. Property includes parking for each unit and on-site laundry, adding convenience and additional income potential. Well-positioned asset offering strong in-place income with rental upside in one of East County’s most desirable rental markets. Ideal for investors seeking stable cash flow with significant recent capital improvements already completed.