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7750 Normal Ave

La Mesa, CA 91941
  • $1,320,000
  • STATUS: ACTIVE
  • ON SITE: 23 Days
  • ID#: 220000074
Price Reduced
UPDATED: 40 min ago
$1,320,000
  • 6
    BEDS
  • 0.31
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 2,460
    SQFT
  • $537
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1955
County:

School Ratings & Info

Description

Amazing Income Property in Prime La Mesa Neighborhood with Room for 2 More Units. Each Unit has Private Yards. All Three Units have Laundry Hookups. All Refrigerators Stay and Washer/Dryers Stay in Units 1 and 2. Six Spaces for Off-Street Parking! Each Unit has Assigned Parking Spaces. The Largest Unit (a 3 BR/ 2 BA) has 3 Parking Spaces! Very Well Maintained! Newer Fence! Fully Irrigated on Auto Sprinklers! Stable Tenants on Month to Month Agreements. Large, Mature Avocado Tree and Citrus! Close to Schools, Easy Walking Access to La Mesa Springs and Downtown La Mesa! Upside Possibility for Adding ADU/Units.

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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 © 2022 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/124446836
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7750 Normal Ave La Mesa, CA 91941

  • Price: $1,320,000
  • Status: ACTIVE
  • On Site: 23 Days
  • Updated: 40 min ago
  • ID#: 220000074
6
Beds
5
Baths
0
½ Baths
0.31
Acres
2,460
SQFT
$537
$/SQFT
1955
Built
Neighborhood:
La Mesa
County:
San Diego
Area:
La Mesa (91941)
Property Description
Amazing Income Property in Prime La Mesa Neighborhood with Room for 2 More Units. Each Unit has Private Yards. All Three Units have Laundry Hookups. All Refrigerators Stay and Washer/Dryers Stay in Units 1 and 2. Six Spaces for Off-Street Parking! Each Unit has Assigned Parking Spaces. The Largest Unit (a 3 BR/ 2 BA) has 3 Parking Spaces! Very Well Maintained! Newer Fence! Fully Irrigated on Auto Sprinklers! Stable Tenants on Month to Month Agreements. Large, Mature Avocado Tree and Citrus! Close to Schools, Easy Walking Access to La Mesa Springs and Downtown La Mesa! Upside Possibility for Adding ADU/Units.
Exterior Features

Exterior Stucco Fencing Full Frontage N/K Irrigation Sprinklers Parking For RV None Known Parking Garage Desc Unit1 N/K Parking Garage Desc Unit2 N/K Parking Garage Desc Unit3 N/K Parking Garage Desc Unit4 N/K Parking Garage Spaces Unit1 0 Parking Garage Spaces Unit2 0 Parking Garage Spaces Unit3 0 Parking Non Garage Desc Unit1 Assigned Parking Non Garage Desc Unit2 Assigned Parking Non Garage Desc Unit3 Assigned Parking Non Garage Desc Unit4 None Known Pool N/K Pool Heat None Known Roof Composition Site Corner LotPublic Street Spa N/K Spa Heat None Known Topography Level Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Units With Garages 0 Units With Patios 3 View N/K

Interior Features

Cooling Wall/Window Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Heat Equipment Wall/Gravity Heat Source Electric Stories 1 Story Total Baths Unit1 2 Total Baths Unit2 2 Total Baths Unit3 1 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups Yes Units With Cooling 3 Units With Dishwashers 3 Units With Dryers 2 Units With Fireplaces 0 Units With Range Oven 3 Units With Refrigerators 3 Units With Washers 2 Water Heater Type Electric

Property Features

Actual Cap Rate 4.06 Additional Property Use N/K Age Restrictions N/K Annual Expense Actual 6400 Annual Expense Projected 6400 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0.0 Community La Mesa Complex Features Laundry Facilities Complex Park Triplex Cross Streets Dale Gross Rent Multiplier Actual 22.0 Gross Rent Multiplier Project 18.0 Gross Scheduled Income Actual 60000 Gross Scheduled Income Project 73200 Home Owners Assoc Fee Includes N/K Home Owners Fees 0.0 Mandatory Remarks None Known Market Area East County Miscellaneous N/K Monthly Total Fees 0 Net Operating Income Projected 66800 Other Fee Type N/K Other Fees 0.0 Other Income Actual 0 Possession Call Listing Agent Projected Cap Rate 5.06 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Telecommunications Other/Remarks Tenant Pays Electricity Terms CashConventional Unit Number For Unit1 7750 Unit Number For Unit2 7752 Unit Number For Unit3 7754 Unit1 Deposit 2200 Unit1 Occupied Tenant Unit1 Projected Rent 2600.0 Unit1 Rent Actual 2200.0 Unit2 Deposit 1800 Unit2 Occupied Tenant Unit2 Projected Rent 2000.0 Unit2 Rent Actual 1800.0 Unit3 Deposit 1000 Unit3 Occupied Tenant Unit3 Projected Rent 1500 Unit3 Rent Actual 1000.0 Water Meter On Property Zoning R-1:Single

Listing provided courtesy of Re/Max City Real Estate. Listing information © 2022 San Diego MLS Inc. Source: SDMLS
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 © 2022 San Diego MLS, Inc. Licensed in the state of California.
 
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Neuman & Neuman Real Estate Inc.
516 5th Avenue
San Diego CA, 92101