858-675-7872
3743-3753 Fairway Dr, La Mesa, CA for Sale
Apartments - FOR SALE
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3743-3753 Fairway Dr
La Mesa, CA 91941


HIGHLIGHTS

  • Current ownership has invested over $1.1 million in capital improvements on deferred exterior maintenance and interior renovations
  • Northmarq estimates a potential average rent premium of $370 per unit (21% increase) compared to unrenovated and partially renovated units.
  • Significant discount to homeownership
  • Vibrant neighborhood with abundant amenities, including the 925,000 sq. ft. Grossmont Center (2.6 miles away)

OVERVIEW

Northmarq is pleased to present Valle at Fairway, a 68-unit value-add asset in La Mesa, a vibrant centrally located suburb of San Diego County. With 54% of units (37 classic units) ready for renovation, and a proven value-add program capable of achieving an average rent premium of $370 (21% increase), Valle at Fairway presents investors with a compelling opportunity to unlock significant upside in a highly-desirable rental submarket. Ideally positioned with convenient access to the CA-125 and CA-94 freeways, Valle at Fairway offers residents ideal connectivity to major employment centers and a wide range of neighborhood amenities—including retail, schools, and public transit. The property is just minutes from the 925,000 sq. ft. Grossmont Center and the bustling La Mesa Village, a walkable hub known for its eclectic mix of boutiques, restaurants, and the historic La Mesa Depot.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

68

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Valle at Fairway

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1968

PARKING SPACES

72

LAND DETAILS

LAND ACRES

2.02 AC

LAND SF

87,991 SF

ZONING

C, La Mesa

APN/PARCEL ID

499-250-46

ASK ABOUT THIS PROPERTY

Tyler SinksNorthmarqMore Info
858-675-7872

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Tyler SinksNorthmarqMore Info
858-675-7872

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