4869 Pine St - Apartments FOR SALE


La Mesa, CA 91942
$1,595,000 USD
503-929-9432
4869 Pine St, La Mesa, CA for Sale
$1,595,000 USD
Apartments - FOR SALE
1/31
null | 4.03% Cap Rate

4869 Pine St
La Mesa, CA 91942


HIGHLIGHTS

  • Prime location in the heart of La Mesa village, a short walk to the La Mesa History Center
  • Highly walkable neighborhood (89 walk score) offering residents convenient access to dining, retail, and daily necessities
  • Boutique five-unit multifamily asset featuring four one-bedroom units and one two-bedroom single-family residence
  • Stand alone garage structure poised for ADU potential investment
  • Attractive long-term opportunity in what's arguably regarded as East County's best submarket

OVERVIEW

We are pleased to present 4869–71 Pine Street, a boutique five-unit multifamily property ideally located in the heart of La Mesa (91942)—a stable and highly desirable East County San Diego rental market known as the “Jewel of the Hills.” Located just nine miles east of Downtown San Diego, the property benefits from an 89 Walk Score, offering residents a highly walkable lifestyle with convenient access to neighborhood dining, retail, and everyday amenities The property features a well-rounded unit mix consisting of four one-bedroom/one-bathroom apartment units and a stand alone two-bedroom/one-bathroom single-family residence with a detached single car garage, appealing to a broad renter demographic. The community offers functional floorplans designed for comfortable everyday living and benefits from professional leasing and management, positioning the asset for consistent tenant demand within the La Mesa submarket. 4869–71 Pine Street is ideally situated near La Mesa Village, where residents enjoy weekly farmers’ markets, the annual Oktoberfest celebration, and a vibrant mix of local dining and retail. Nearby amenities include Harry Griffen Park, home to the popular Sundays at Six summer concert series, and Grossmont Center, the area’s primary shopping destination currently undergoing revitalization. With convenient access to major transportation routes, the property presents a compelling opportunity to acquire a stable, income-producing asset in one of East County San Diego’s most established and community-oriented neighborhoods.

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$578 USD /SF

# OF UNITS

5

PRICE/UNIT

$319,000

CAP RATE

4.03%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

R3

APN/PARCEL ID

494-772-03

ASK ABOUT THIS PROPERTY

Graeme HendersonMarcus & MillichapMore Info
503-929-9432

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Graeme HendersonMarcus & MillichapMore Info
503-929-9432

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