3860 American Ave - Apartments FOR SALE


La Mesa, CA 91941
$940,000 USD
858-876-5701
3860 American Ave, La Mesa, CA for Sale
$940,000 USD
Apartments - FOR SALE
1/19
null | 5.58% Cap Rate

3860 American Ave
La Mesa, CA 91941


HIGHLIGHTS

  • Large 0.83-acre lot
  • Strong in place rental income
  • 1 BD/1BA estimated 2002 construction

OVERVIEW

Situated on a large 0.47-acre lot, this unique property features two detached residences with strong in-place income. The main residence is an oversized approximately 1,500 SF 3BR/2BA, complemented by a spacious detached 1BR/1BA with garage. With $77,100 in actual GSI, two garages, ample lot area, and two separate homes, the property is well positioned for an investor seeking solid current income or an owner-user looking for flexibility and additional rental income.

FOR SALE DETAILS

PRICE

$940,000 USD

PRICE/SF

$437 USD /SF

# OF UNITS

2

PRICE/UNIT

$470,000

CAP RATE

5.58%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1937

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

19,980 SF

ZONING

R-10

APN/PARCEL ID

499-172-12,499-191-37

ASK ABOUT THIS PROPERTY

Christina LabowiczACI ApartmentsMore Info
858-876-5701

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Christina LabowiczACI ApartmentsMore Info
858-876-5701

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.