17
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$2,495,000
Est. payment /mo
0.26 Acres Lot
New
4415 Rosebud Ln La Mesa, CA 91941
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260017468SD
HOA Y/N No
Lot Size 0.260 Acres
Property Sub-Type Mixed Use
Property Description
5.54% current cap rate with a clear path to 6.23%. Newly priced at $2,495,000, 4415 Rosebud Lane offers 10 La Mesa units at $249,500 per unit, strong in-place income and approximately $109,000 in recent capital improvements, including a new roof, upgraded electrical service and panels, and completed SB 721 work with new stairs, railings and catwalks. The unit mix includes four studios, four 1BR units and two 2BR units, plus PARKING for every apartment, covered parking with storage and on-site laundry. Current operations reflect an 11.15 GRM and 5.54% cap rate, with projected performance of a 10.33 GRM and 6.23% cap rate as leases roll and allowable rent increases are implemented. Conveniently located near La Mesa Village, shopping, parks, transit and freeway access.
Location
State CA
County San Diego
Area 91941 - La Mesa
Interior
Fireplace No
Exterior
Carport Spaces 10
Total Parking Spaces 10
Others
Tax ID 4704920300
Virtual Tour https://www.propertypanorama.com/instaview/snd/260004413
Listed by Christina Labowicz ACI Apartments #02055851
NEARBY SCHOOL & BUSINESS
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