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4850-4852 Cypress St, La Mesa - Prime R3 Multi-Unit Investment Opportunity Near La Mesa Village! Unlock the potential of this versatile multi-unit property at 4850-4852 Cypress St, a thoughtfully designed income-generating asset in the heart of La Mesa. With two permitted dwelling units already in place, HERO financed solar panels, and a generous lot primed for expansion, this 1930-built gem offers immediate rental income alongside significant development upside in a highly desirable R3-zoned location. Current Layout and Features: The front house delivers comfortable living with 3 bedrooms and 1 bathroom, ideal for families or long-term tenants. The back house offers a cozy 1 bedroom and 1 bathroom setup, complemented by a spacious living room for added flexibility. Both units are equipped with owned solar panels, providing energy efficiency and cost savings. Outdoor amenities include a relaxing jacuzzi for unwinding and a large storage shed for practical organization. The approximate 50'x140' lot offers ample space for current use and future vision. The Real Value is in Zoning and Location: Situated mere steps from the vibrant La Mesa Village, this property benefits from walkable access to boutique shops, dining, and community events, attracting tenants who value convenience. The R3 zoning is a standout feature, allowing for multi-family development in a neighborhood already featuring 5+ unit apartments just a few properties away on the same side of the street. This prime positioning enhances rental appeal while positioning the site for higher-density redevelopment. SB79 Upzoned: In addition to the R3 zoning mentioned above, this parcel has been upzoned by SB79, allowing for additional density and higher returns. This property is in the Tier II, between 1/2 and 1/4 mile. SB79 was signed into law October 10, 2025 and this upzoning goes into effect June 2026. Investment Flexibility: Generate steady income as a rental property"”live in one unit while renting the other for cash flow, or hold as a long-term play while awaiting plans to develop the back lot. Alternatively, envision a full demo and rebuild to maximize density, capitalizing on the zoning and location for substantial returns. This property delivers immediate value and long-term growth potential. Don't overlook this rare opportunity to invest in La Mesa's evolving landscape. Schedule your private tour today and explore the possibilities at 4850-4852 Cypress St!
Property Type(s):
Residential Income
| Last Updated | 10/14/2025 | Year Built | 1930 |
|---|---|---|---|
| Community | 91942 - La Mesa | Garage Spaces | 1.0 |
| County | San Diego |
Additional Details
| APPLIANCES | Dryer, Washer |
|---|---|
| AREA | 91942 - La Mesa |
| GARAGE | Yes |
| HEAT | None |
| LOT | 6948 sq ft |
| LOT DIMENSIONS | approx 50'x140' |
| POOL DESCRIPTION | None |
| STORIES | 1 |
Location
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Listed with Balboa Realty
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