4771 68th Street,La Mesa, CA 91942
La Mesa, CA 91942
Description
This one has it all! A rare investment opportunity to own 4 completely renovated move-in units with a lot that can allow for future development. Located in one of the most loved neighborhoods in La Mesa. Quick access to freeways, schools, SDSU, and shopping. Strong rents and great tenants in place now. The main home is a single-story with a detached 2-car garage and a spacious backyard with a pool. Perfect for an owner-occupant buyer using VA or FHA financing. Gain immediate rental income while offsetting your payment. You have three units in addition to the home. A 2/1 rented at $2,600. Along with 2 1/1's rented at $1,750 and $1,512 a month. The main home's rental potential is $5,300. With all 4 units rented you could bring in as much as $11,162 a month, $133,944 a year! This property has everything investors search for: updated units, spacious interior and exterior spaces, long-term appreciation, and the ability to develop more units down the road. Or convert the 2 car garage into an additional unit now. This property offers you a multitude of options. Be sure to ask for the offering memorandum with all the financial and property details. That way you get a full breakdown of the numbers and why this property checks off all the boxes for your investment portfolio.
Details
| MLS# | PT25044811 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1980 |
| Days On Site | 50 |
| Listing Provided By | Realty ONE Group Pacific 760-496-0760 | Lynnor Anderson |
Features
| SQ Feet | 3,950 |
|---|---|
| Garage | 2 |
| Pool | Yes |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 2 |
| Zoning | R2 |
| Acreage | 0.30 |
| Property View | None |
Market Activity 91942
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Learn More About This Property
| State | CA |
|---|---|
| County | San Diego |
| City | La Mesa |
| Zip Code | 91942 |
| Area | 91942 La Mesa |
| Community Name | La Mesa |
| Listing VS Median (in La Mesa) | |
Price: $1,995,000 low | high Med: $872,450 SqFt: 3,950 low | high Med: 1,111 $ / SqFt: $505 low | high Med: $791 On site: 50 low | high Med: 21.500000 | |