6-Unit Townhome Apartment
4265-69 Schoolridge Ln, La Mesa, CA 91941
For Sale
$2,000,000
Two-story homes feature two-bedroom layouts, onsite laundry and off-street parking.
Property Size5,456 SF
Price / SF$366.57
Days on Market15
Property Features for 4265-69 Schoolridge Ln
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Additional Details
Multifamily Units
Amenities
Onsite Laundry
Building Details
Stories
Listing Agency:
Apartment Realty Group (ARG)
Listed By:
Angelo Joseph La Bruna III · License #01991625
(858) 247-1095
Source:
Viewsandiegohouses
Added: Oct 25
Changed: Nov 7
Last Checked: Nov 6 at 9:28AM
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 Apartment Realty Group (ARG)
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The La Mesa property comprises six two-story townhomes, each with a two-bedroom layout. The buildings total 5,456 square feet and include onsite laundry, with 14 off-street parking spaces serving the property. The pro forma cap rate is 6.53%.
The homes are near local shops and restaurants, Helix Charter School and La Mesa Arts Academy.
The homes are near local shops and restaurants, Helix Charter School and La Mesa Arts Academy.
Key Highlights
- Six two‑story townhomes, each with a two‑bedroom layout
- 5,456 square feet of building area
- 14 off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,654
Cap Rate
4.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,813,080
$1.8M
Cap Rate 7%
$1,295,057
$1.3M
Cap Rate 9%
$1,007,267
$1.0M
Market Conditions
NOI Build-Up for 5,456 SF
Gross rent
$173.5K $31.80/SF
− Vacancy
−$8.7K −$1.59/SF
EGI
$164.8K $30.21/SF
− OpEx
−$74.2K −$13.59/SF
NOI
$90.7K $16.62/SF
Area
San Diego County, CA
Vacancy
5.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,813,080
Cap Rate 7%
$1,295,057
Cap Rate 9%
$1,007,267
Alternative Uses
Best Use
Apartment 5plus
$1.30M
$1.13M – $1.51M
NOI $90,654 @ 7.0% cap · market cap 4.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.50M
$2.19M – $2.92M
NOI $174,983 @ 7.0% cap · market cap 8.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
578
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
$884,800
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in San Diego County, CA
Properties on Market for Apartment buildings in San Diego County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Two-story homes feature two-bedroom layouts, onsite laundry and off-street parking.
Where is this apartment building located?
The property is located at 4265-69 Schoolridge Ln La Mesa, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Six two‑story townhomes, each with a two‑bedroom layout; 5,456 square feet of building area; 14 off‑street parking spaces
