7025 Boulevard Drive, La Mesa, CA 91941

7025 Boulevard Dr. presents a renovated, turnkey 20-unit garden-style apartment property with a unit mix designed for broad tenant appeal: eight 2 bed/1 bath units, eight 1 bed/1 bath units, and four studio units. The ownership has completed major capital improvements, including renovation of 18 units, major electrical system upgrades, epoxy-lined sewer mains, dual-pane windows, new pitched roofs, and numerous interior and exterior enhancements aimed at addressing deferred maintenance.

The property is located in La Mesa, CA, near major transportation corridors and steps from the amenity- and retail-filled University Ave area. On-site parking is supported by a 1:1 parking ratio, and the community provides gated access.

From an operator or investor standpoint, the combination of a low-density garden-style layout and substantial system upgrades may help support predictable day-to-day management. Current ownership-reported performance includes $462,538 in GSI with an in-place 5.19% cap rate, with the prospect for additional income through conservative market rent adjustments that project $519,690 in GSI and a 5.95% market cap rate with minimal additional capital investment required. The diversified studio through 2-bedroom mix also provides flexibility when underwriting rent and tenant demand by unit type.