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    7125 Waite Drive

    La Mesa, CA 91941
    • $3,200,000
    • STATUS: Active
    • ON SITE: 103 days
    • ID#: 200027246
    UPDATED: 19 min ago
    $3,200,000
    • 0
      BEDS
    • 0.48
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    In place (current) cap rate of 5.29% Rare opportunity to own well located 12 unit town-homes in the incorporated City of La Mesa, San Diego County, CA. All units are 864 sf 2 bedroom, 1.5 bathrooms. All units offer private back patios. Property is situated on a 21,103 square foot lot with ample onsite parking for 26 vehicles (13 true tandem spaces). The lot is so large, that there could be additional improvements made in the rear. On-site laundry is available (machines are owned). Property is walking distance to the Lemon Grove shopping plaza, a 108,000sf grocery anchored retail center that hosts tenants such as Albertsons, Walgreens, Starbucks and In-N-Out. 5 of the 12 units have already been renovated which means a substantially less budget needed for capital improvements.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-24T22:29:50.917. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Apple Financial Network, Inc.. Licensed in the State of California, USA.

    www.applefinancialnetwork.com/homes/106827076
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    7125 Waite Drive La Mesa, CA 91941

    • Price: $3,200,000
    • Status: Active
    • Updated: 19 min ago
    • ID#: 200027246
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.48
    Acres
    County:
    San Diego
    Property Description
    In place (current) cap rate of 5.29% Rare opportunity to own well located 12 unit town-homes in the incorporated City of La Mesa, San Diego County, CA. All units are 864 sf 2 bedroom, 1.5 bathrooms. All units offer private back patios. Property is situated on a 21,103 square foot lot with ample onsite parking for 26 vehicles (13 true tandem spaces). The lot is so large, that there could be additional improvements made in the rear. On-site laundry is available (machines are owned). Property is walking distance to the Lemon Grove shopping plaza, a 108,000sf grocery anchored retail center that hosts tenants such as Albertsons, Walgreens, Starbucks and In-N-Out. 5 of the 12 units have already been renovated which means a substantially less budget needed for capital improvements.
    Exterior Features

    Construction Materials Stucco Lot Size Units Square Feet Roof Composition

    Interior Features

    Cooling Wall/Window Unit(S) Cooling YN Yes Heating Wall Furnace Heating YN Yes

    Property Features

    Cap Rate 5.29 Country Us Gross Scheduled Income 255128.00 Operating Expense 54980.00 Property Sub Type Commercial/Residential Total Monthly Rent 21260

    Listing provided courtesy of Aziz Zakkout of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-24T22:29:50.917. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Apple Financial Network, Inc.. Licensed in the State of California, USA.

     
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