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4.625% ASSUMABLE VA LOAN & Low Gap on this 4-UNIT MULTIFAMILY featuring highly desirable location, unit mix, and low maintenance building offer potential to acquire this impressive asset with unique upside. Unit mix includes 2 units @ 3BR/1BA & 2units @ 1BR/1BA. Multiple opportunities to increase rents with minor value-add improvements AND potential to add up to 4additional ADU units on this lot (ADU feasibility study completed & available). Onsite community laundry room provides additional income opportunity. Recently renovated units feature highly desirable quartz countertops, stainless appliances, and premium flooring. Convenient to tons of shopping, multiple light rail stations (green and orange lines), bus stops, and I-8 freeway. Close toSan Diego State, Grossmont College, and Grossmont Hospital. Minutes from popular Cowles Mountain and Lake Murray and less than 15 miles to the beach! Downtown San Diego is only 10 miles and University City’s “Golden Triangle” major employment hub is only 15 miles—both of which are conveniently accessed by light rail in addition to multiple freeway commuting options. Enjoy reduced maintenance and operational expenses. Loan assumptions are easier than ever before and closing in near record times! Inquire for more details on how loan assumptions are dominating this market. Effectively go back in time by assuming the current loan at the historically low interest rate with low gap and profit from substantially expedited principal pay down and lower interest expenses and enjoy a heavily discounted VA funding fee, NO loan origination fees, and NO lender discount points when assuming.
Property Type(s):
Multi Family
| Last Updated | 4/15/2025 | Year Built | 2000 |
|---|---|---|---|
| Community | La Mesa | County | San Diego |
SCHOOLS
| School District | Grossmont Union |
|---|
Additional Details
| AIR | None |
|---|---|
| AREA | La Mesa |
| HOA DUES | 0 |
| LOT | 7336 sq ft |
| LOT DESCRIPTION | 0-1 Unit/Acre |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| VIEW | Yes |
| VIEW DESCRIPTION | Neighborhood |
| ZONING | R-4:MULTIPLE RESIDENTIAL |
Location
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Listed with LPT Realty, 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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