Renovated 20-Unit Garden-Style
For Sale
$5,450,000
7025 Boulevard Drive, La Mesa, CA 91941
Renovated garden-style multifamily with a balanced unit mix and gated parking, positioned near major transportation corridors.
Days on Market52
Property Features for 7025 Boulevard Drive
General Information
Standard status
Active
Class
B
Property subtype
Commercial
Additional Details
Cap Rate
5.19%
Multifamily Units
20
Building Details
Year Built
1956
Listing Agency:
Commercial Asset Advisors
(951) 226-5454
Listed By:
Maxwell Brown ([email protected])
Source:
Mrmurrieta
Added: Jun 12
Changed: Jul 10
Last Checked: Aug 1 at 7:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Commercial Asset Advisors
Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- Renovated 20‑unit garden‑style multifamily built in 1956 with a diversified unit mix: 8 two‑bed/1‑bath, 8 one‑bed/1‑bath, and 4 studios
- 18 units renovated plus major system improvements including electrical upgrades, epoxy‑lined sewer mains, dual‑pane windows, and new pitched roofs
- 1:1 parking ratio with gated access for tenant parking
Property Analytics
Property Profile
Current Use
Lease Details
20
Residential units
Location Intelligence
Trade Area within ½ mile
629
Businesses Nearby
Explore this area
Business Placement
Demographics for 91941, CA
33,895
Population
13,250
Households
2.6
Avg Household Size
41
Median Age
46%
College-Educated
95%
High-School Grad
8.2 sq mi
ZIP Area
4,134
Density / Sq Mi
$111,607
Median Household Income
$53,995
Median Earnings
$2,067
Median Rent
$884,800
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated garden-style multifamily with a balanced unit mix and gated parking, positioned near major transportation corridors.
Where is this apartment building located?
The property is located at 7025 Boulevard Drive La Mesa, CA.
What is the asking price?
The asking price for this property is $5,450,000.
What are key features of this property?
This property features: Renovated 20‑unit garden‑style multifamily built in 1956 with a diversified unit mix: 8 two‑bed/1‑bath, 8 one‑bed/1‑bath, and 4 studios; 18 units renovated plus major system improvements including electrical upgrades, epoxy‑lined sewer mains, dual‑pane windows, and new pitched roofs; 1:1 parking ratio with gated access for tenant parking
