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5111 Wilson St & 8870-78 La Mesa Blvd.

La Mesa, CA 91942
  • $6,250,000
  • STATUS: ACTIVE
  • ON SITE: 261 Days
  • ID#: 230017096
UPDATED: 88 min ago
$6,250,000
  • 0
    BEDS
  • 0.83
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Value add opportunity! Offered for sale is a mixed-use investment or redevelopment opportunity in the City of La Mesa comprised of a 10-unit apartment complex and a 5-unit commercial retail center. Just Southwest of the 8 and 125 intersection, this property features easy access to Grossmont Center, Sharp Grossmont Hospital and San Diego State University. Additional Benefit include the large selection of restaurants and shops in Historic Downtown La Mesa. 5111 Wilson St. is a fully occupied 10 unit apartment complex located directly behind the commercial retail center. This well maintained complex is comprised of (4) 2 bed / 1 bath units and (6) 1 bed / 1 bath units, covered parking and detached laundry room. Courtyard style property shows high pride of ownership and consistent updating and maintenance under current ownership. Rents are month-to-month and below market to allow new owner the ability to realize upside through renovation and rental increases or redevelop lot to maximize density. 8870 - 78 La Mesa Blvd. is a fully occupied 5 tenant retail center plus storage yard. With monument signage and high traffic count. This property has great visibility 10 parking spaces and ample on street parking.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/143005559
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5111 Wilson St & 8870-78 La Mesa Blvd. La Mesa, CA 91942

  • Price: $6,250,000
  • Status: ACTIVE
  • On Site: 261 Days
  • Updated: 88 min ago
  • ID#: 230017096
0
Beds
0
Baths
0
½ Baths
0.83
Acres
Neighborhood:
La Mesa (91942)
County:
San Diego
Area:
La Mesa (91942)
Property Description
Value add opportunity! Offered for sale is a mixed-use investment or redevelopment opportunity in the City of La Mesa comprised of a 10-unit apartment complex and a 5-unit commercial retail center. Just Southwest of the 8 and 125 intersection, this property features easy access to Grossmont Center, Sharp Grossmont Hospital and San Diego State University. Additional Benefit include the large selection of restaurants and shops in Historic Downtown La Mesa. 5111 Wilson St. is a fully occupied 10 unit apartment complex located directly behind the commercial retail center. This well maintained complex is comprised of (4) 2 bed / 1 bath units and (6) 1 bed / 1 bath units, covered parking and detached laundry room. Courtyard style property shows high pride of ownership and consistent updating and maintenance under current ownership. Rents are month-to-month and below market to allow new owner the ability to realize upside through renovation and rental increases or redevelop lot to maximize density. 8870 - 78 La Mesa Blvd. is a fully occupied 5 tenant retail center plus storage yard. With monument signage and high traffic count. This property has great visibility 10 parking spaces and ample on street parking.
Exterior Features

Parking CarportsSpaces

Interior Features

Cooling Wall/Window Laundry Owned Sq Ft Of Improvement 0

Property Features

Actual Gross Scheduled Income 355416.0 Actual Operating Expense 29601 Assumable Finance 0 Buildings 1 Gross Equity 0 Gross Multiplier 17.58 Have 0 Mandatory Remarks None Known Market Area East County Motive Want To Sell Zoning Mixed-Use

San Diego MLS logo Listing provided courtesy of Daniel Fefferman of Define Real Estate: 619-733-9038. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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San Diego CA, 92101