6935 Hoffman Ave - Apartments FOR SALE


La Mesa, CA 91941
$3,390,000 USD
619-733-9038
6935 Hoffman Ave, La Mesa, CA for Sale
$3,390,000 USD
Apartments - FOR SALE
1/7
null | 5.63% Cap Rate

6935 Hoffman Ave
La Mesa, CA 91941


HIGHLIGHTS

  • Recent Renovation on Duplex Units
  • Private Fenced Units with Yards
  • Large Corner Light Adjacent to Park

OVERVIEW

Exceptional La Mesa 8-unit multifamily opportunity. 6935 Hoffman Ave + 3979-89 King St delivers consistent in-place income supported by a strong unit mix and long-term tenancy. The improvements include (1) 3-bedroom / 1-bath home, (1) 1-bedroom / 1-bath home, and (6) 2-bedroom / 1-bath units across three duplex structures. All units are single story and feature newer appliances and private fenced backyards. The duplex structures have been extensively renovated down to the studs, including major capital improvements such as newer roofs, plumbing, electrical, and related systems. These upgrades materially reduce near-term capital expenditure exposure and provide a more predictable ownership profile. If interested, Seller also is selling 6935 Bramson Ct 91204 and would explore a portfolio sale at an improved rate. From a location standpoint, the property is situated on a large .72 acre corner lot and benefits from a well-connected La Mesa setting. Ideally located near La Mesa Village, Grossmont Center, public transit, and major freeway access providing convenient regional connectivity throughout San Diego County. The asset is also positioned within close proximity to San Diego State University, further supporting long-term rental demand in the surrounding area. Altogether, the property offers a compelling combination of stable income, limited near-term capital needs, and a highly accessible East County location.

FOR SALE DETAILS

PRICE

$3,390,000 USD

PRICE/SF

$509 USD /SF

# OF UNITS

8

PRICE/UNIT

$423,750

CAP RATE

5.63%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Renovated 8 Unit Opportunity

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

R-1

APN/PARCEL ID

474-353-16

ASK ABOUT THIS PROPERTY

Daniel FeffermanDefine Real EstateMore Info
619-733-9038

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Daniel FeffermanDefine Real EstateMore Info
619-733-9038

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