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$ 2,495,000
Est. payment /mo
New
4415 Rosebud Ln La Mesa, CA 91941
2 Beds
6 Baths
5,940 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 5,940 sqft
Price per Sqft $420
MLS Listing ID 260017468
Bedrooms 2
Full Baths 6
Lot Size 0.260 Acres
Property Sub-Type Com-Res Income
Property Description
5.54% current cap rate with a clear path to 6.23%. Newly priced at $2,495,000, 4415 Rosebud Lane offers 10 La Mesa units at $249,500 per unit, strong in-place income and approximately $109,000 in recent capital improvements, including a new roof, upgraded electrical service and panels, and completed SB 721 work with new stairs, railings and catwalks. The unit mix includes four studios, four 1BR units and two 2BR units, plus PARKING for every apartment, covered parking with storage and on-site laundry. Current operations reflect an 11.15 GRM and 5.54% cap rate, with projected performance of a 10.33 GRM and 6.23% cap rate as leases roll and allowable rent increases are implemented. Conveniently located near La Mesa Village, shopping, parks, transit and freeway access.
Location
State CA
County San Diego
Area East County
Interior
Fireplace No
Exterior
Parking Features Carports
Carport Spaces 10
View Y/N No
Total Parking Spaces 10
Building
Story 2
Others
Senior Community No
Tax ID 470-492-03-00
Special Listing Condition Call Agent, Other/Remarks
Virtual Tour https://www.propertypanorama.com/instaview/snd/260004413
Listed by Christina M Labowicz, DRE#02055851 ACI Apartments
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