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5015 Comanche Dr La Mesa, CA 91942

For Sale
$4,500,000

Cottage-style apartment homes with private yards in strong rental market.

Source: Apartment Realty Group (ARG) Agent James Carter

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Value-Add 12-Unit Apartment Homes

This property features twelve 3-bedroom cottage-style apartment homes situated on a large 41,817 square foot lot. The property consists of 10 buildings. Each unit includes a private yard, off-street parking, and a washer/dryer. Located north of El Cajon Boulevard and just south of I-8, the property is near shops, restaurants, and local services, with close proximity to the freeway. It is situated in one of San Diego's strongest rental markets. The property has a 5.05% capitalization rate on actuals and a 7.05% capitalization rate on proforma, with a proforma gross rent multiplier of 9.92.
Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
La Mesa
County
San Diego
State
California
Longitude
-117.0340163
Latitude
32.7695199

FAQs

What type of property is this?
Apartment building - Cottage-style apartment homes with private yards in strong rental market.
Where is this apartment building located?
The property is located at 5015 Comanche Dr La Mesa, CA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: - 7.05% Proforma CAP Rate; - Value-Add Opportunity; - **All Units are 3-Bedroom Cottage Style Homes**
More about this property
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