4940 Comanche Dr - Apartments FOR SALE


La Mesa, CA 91942
$5,170,000 USD
858-692-7764
4940 Comanche Dr, La Mesa, CA for Sale
$5,170,000 USD
Apartments - FOR SALE
1/4
null | 5.02% Cap Rate

4940 Comanche Dr
La Mesa, CA 91942


OVERVIEW

Rare find in La Mesa! Great location! 5.02 Cap Rate on market rents. Perfect Value Add opportunity! Price just reduced $25,000! A well-maintained, well-managed, 18 unit property close to downtown La Mesa. Great Mix. Priced to sell at $288,611/unit. Although it has been updated as needed, its a perfect property to take to the next level! VALUE ADD. Rehab kitchens and bathrooms and raise rents accordingly. Great cash flow opportunity!

FOR SALE DETAILS

PRICE

$5,170,000 USD

PRICE/SF

$486 USD /SF

# OF UNITS

18

PRICE/UNIT

$287,222

CAP RATE

5.02%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Arches

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

MR-1500, San Diego

APN/PARCEL ID

469-160-09

ASK ABOUT THIS PROPERTY

Robert WeinbergerRJW Properties, Inc.More Info
858-692-7764

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Robert WeinbergerRJW Properties, Inc.More Info
858-692-7764

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