Multifamily Building with On-Site
For Sale
$2,150,000
4415 Rosebud Ln, La Mesa, CA 91941
Apartment building with studio, one- and two-bedroom units, covered parking with storage, and on-site laundry.
Property Size5,940 SF
Price / SF$361.95
Days on Market99
Property Features for 4415 Rosebud Ln
General Information
Standard status
Active
Size
5,940 SF
Property subtype
Multi-Family
Additional Details
Cap Rate
5.54%
Highway Access
Yes
Multifamily Units
10
Building Details
Tenancy
Multi
Listing Agency:
ACI Apartments
Listed By:
Christina M Labowicz christina@aciapartments.com · License #02055851
(858) 876-5701
Source:
Viewsandiegorealestate
Added: Jul 16
Changed: Oct 21
Last Checked: Oct 20 at 9:19PM
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 ACI Apartments
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Investment Insights
Based on property information with market context.
4415 Rosebud Lane is a multifamily apartment building with 10 La Mesa units, including four studios, four 1BR units, and two 2BR units. The property offers parking for every apartment, along with covered parking with storage and on-site laundry. Recent capital improvements include a new roof, upgraded electrical service and panels, and completion of SB 721 work with new stairs, railings, and catwalks.
The asset is located near La Mesa Village, with access to shopping, parks, transit, and freeway connections. Current performance reflects an 11.15 GRM and a 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.
The asset is located near La Mesa Village, with access to shopping, parks, transit, and freeway connections. Current performance reflects an 11.15 GRM and a 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.
Key Highlights
- 10‑unit La Mesa apartment building with a mix of four studios, four 1BRs, and two 2BRs
- 5.54% current cap rate with projected performance up to a 6.23% cap rate as leases roll and rent increases are implemented
- Approximately $109,000 in recent capital improvements including a new roof and upgraded electrical service/panels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,696
Cap Rate
4.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,973,920
$2.0M
Cap Rate 7%
$1,409,943
$1.4M
Cap Rate 9%
$1,096,622
$1.1M
Market Conditions
NOI Build-Up for 5,940 SF
Gross rent
$188.9K $31.80/SF
− Vacancy
−$9.4K −$1.59/SF
EGI
$179.4K $30.21/SF
− OpEx
−$80.8K −$13.59/SF
NOI
$98.7K $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%
$1,973,920
Cap Rate 7%
$1,409,943
Cap Rate 9%
$1,096,622
Alternative Uses
Best Use
Apartment 5plus
$1.41M
$1.23M – $1.64M
NOI $98,696 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.72M
$2.38M – $3.18M
NOI $190,506 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
10
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,594
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Apartment building with studio, one- and two-bedroom units, covered parking with storage, and on-site laundry.
Where is this apartment building located?
The property is located at 4415 Rosebud Ln La Mesa, CA.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: 10‑unit La Mesa apartment building with a mix of four studios, four 1BRs, and two 2BRs; 5.54% current cap rate with projected performance up to a 6.23% cap rate as leases roll and rent increases are implemented; Approximately $109,000 in recent capital improvements including a new roof and upgraded electrical service/panels
