An exceptional investment opportunity in the heart of La Mesa! Lowest GRM in the area (11.96) and highest cap rate of comparable active listings (5.18%). This rare 12-unit townhome-style multifamily property offers private yards or patios for every unit, ample parking, and strong rental upside potential. Ideally located with easy access to the 94 Freeway, this well-maintained asset is just minutes from shopping, dining, Home Depot, and the scenic Chollas Lake Park. Link to Offering Memorandum: https://proposal.aciapartments.com/cover.php?ProposalID=wBXmcttJPD3iuBtYIdytLVBeQQiP5Kqz5pbGBLO28sM&ContactID=Bd94YoB9Lwt6TBo5854AC6JtbAEkkyjFjYZqv377sEs A great park 2.82 acre park is going in across the street on Waite Drive: https://www.cityoflamesa.us/1693/Future-Park-at-Waite-Drive
PropertiesMorgan Scott2024-05-10T12:24:32+00:00
Property Description
Features
: Spaces
Address Map
US
CA
SD
La Mesa
91941
Waite Dr
7425
W118° 57' 43.8''
N32° 44' 45.5''
East County
Additional Info
Pellego, Inc.
Additional Information
: Stucco
: Two
: Landscaped
12
2
https://www.propertypanorama.com/instaview/snd/250020927
Listing Information
681614
991337
ACTIVE
2025-03-27T01:57:15Z
sdmls
: Call Agent
2 Bedrooms
10,150
$4,150,000
Listing ID #250020927
Basic Details
Property Type : Residential Income Additional
Listing Type : For Sale
Listing ID : 250020927
Price : $4,150,000
Bedrooms : 2
Square Footage : 10,150
Lot Area : 0.44 Acre
Status : Active
Property Sub Type : Com-Res Income
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