5588-90 Shasta Ln in La Mesa is a rare three-unit multifamily property situated on a large 16,089 square foot lot with approximately 2,793 square feet of building area. Built in 1954, the property is offered at $2,350,000, equating to roughly $783,333 per unit and $841 per square foot. Current operations produce $11,800 in monthly income, or $141,600 annually, with estimated expenses of approximately $37,175, resulting in a net operating income of about $104,425. This reflects an in-place cap rate of 4.24 percent with potential to reach 4.75 percent at market rents, supported by a 15.3 market GRM. Located in the heart of La Mesa, the property benefits from strong rental demand due to its proximity to retail, dining, transit, and major employment hubs, as well as easy freeway access and a vibrant community atmosphere. With stable income, immediate cash flow, and long-term value growth potential, this offering presents investors with both secure returns and future development upside in one of East County’s most desirable rental markets.