8755 Mesa Rd - Apartments FOR SALE


Santee, CA 92071
$6,250,000 USD
339-222-3361
8755 Mesa Rd, Santee, CA for Sale
$6,250,000 USD
Apartments - FOR SALE
1/52
null | 4.12% Cap Rate

8755 Mesa Rd
Santee, CA 92071


HIGHLIGHTS

  • Massive Upside In Rents
  • All Large 2 bed/2 Bath Apartment Homes
  • Fireplaces In Units
  • Laundry On Site
  • Pool On Site
  • Immense Parking Availability (garages/carports & surface)

OVERVIEW

South Coast Commercial is pleased to present the Mesa Apartments, a 19-unit multifamily investment located in the supply-constrained Santee submarket of East San Diego County. The property features all 1,000 square foot two-bedroom/two-bathroom units built in 1981. The Mesa Apartments are extremely well parked with garages, carports and surface spaces alike, has laundry and a pool on site and has seen upkeep over the years. It is offered separately and/or in tandem with the adjacent 28 units located at 8546 Graham Terrace which it shares a lot line with. Conveniently situated near major retail corridors, employment centers, and key transportation routes including SR-52 and SR-125, the Mesa Apartments offers investors the opportunity to acquire a cash- flowing asset with massive rental upside. With current rents meaningfully below market, the property is well-positioned for continued rent growth in a submarket characterized by limited new supply and sustained renter demand.

FOR SALE DETAILS

PRICE

$6,250,000 USD

PRICE/SF

$332 USD /SF

# OF UNITS

19

PRICE/UNIT

$328,947

CAP RATE

4.12%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

R14

APN/PARCEL ID

383-111-19

ASK ABOUT THIS PROPERTY

Brendan FlynnSouth Coast Commercial, Inc.More Info
339-222-3361

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Brendan FlynnSouth Coast Commercial, Inc.More Info
339-222-3361

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