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An exceptional investment opportunity in the heart of La Mesa! Lowest GRM in the area (11.96) and highest cap rate of comparable active listings (5.18%). This rare 12-unit townhome-style multifamily property offers private yards or patios for every unit, ample parking, and strong rental upside potential. Ideally located with easy access to the 94 Freeway, this well-maintained asset is just minutes from shopping, dining, Home Depot, and the scenic Chollas Lake Park. Link to Offering Memorandum: https://proposal.aciapartments.com/cover.php?ProposalID=wBXmcttJPD3iuBtYIdytLVBeQQiP5Kqz5pbGBLO28sM&ContactID=Bd94YoB9Lwt6TBo5854AC6JtbAEkkyjFjYZqv377sEs A great park 2.82 acre park is going in across the street on Waite Drive: https://www.cityoflamesa.us/1693/Future-Park-at-Waite-Drive
Property Type(s):
Commercial
| Last Updated | 3/7/2025 | Community | La Mesa |
|---|---|---|---|
| County | San Diego |
Additional Details
| AIR CONDITIONING | Yes |
|---|---|
| AREA | La Mesa |
| CONSTRUCTION | Stucco |
| HOA DUES | 0 |
| LOT | 0.44 acre(s) |
Location
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Listed with Pellego, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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