Triplex with Remodeled
7361 - 7367 LA MESITA PL, La Mesa, CA 91942
For Sale
$1,289,295
Residential Income, La Mesa, CA
Property Size3,360 SF
Lot Size0.27 Acres
Price / SF$383.72
Days on Market51
Property Features for 7361 - 7367 LA MESITA PL
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Subdivision
Standard status
APN
Size
Lot size
Amenities
private laundry
Building Details
Year built
Floors in Building
Number of units
Roof type
Listing Agency:
Cal State Realty Services
(858) 312-4905
Listed By:
Justin B Roberts · License #01294574
(619) 851-1677
Added: Sep 19
Changed: Nov 5
Last Checked: Nov 8 at 2:06AM
MLS# 260023005
Copyright © 2026 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This triplex includes a detached four-bedroom house with an optional fifth bedroom and two additional two-bedroom units. The homes provide private driveways, off-street parking, individual yards, and private laundry. The main house features remodeled bathrooms with tile showers, along with new carpet and paint. One two-bedroom unit was updated in 2024 with a new kitchen, new flooring, and a remodeled bathroom.
The property contains 3,360 square feet on a 0.2733-acre lot and was built in 1950. It is zoned R-4:MULTIP and is located at 7361–7367 La Mesita Pl in La Mesa, within 2.5 miles of SDSU and Mission Valley. The configuration supports multiple residential income arrangements, including occupancy of one unit while leasing the others, college rental, Airbnb, or long-term rental use.
The property contains 3,360 square feet on a 0.2733-acre lot and was built in 1950. It is zoned R-4:MULTIP and is located at 7361–7367 La Mesita Pl in La Mesa, within 2.5 miles of SDSU and Mission Valley. The configuration supports multiple residential income arrangements, including occupancy of one unit while leasing the others, college rental, Airbnb, or long-term rental use.
Key Highlights
- Three‑unit property with a 4‑bedroom house, optional 5th bedroom, and two 2‑bedroom units
- 3,360 square feet on a 0.2733‑acre lot
- One 2‑bedroom unit remodeled in 2024 with a new kitchen, flooring, and bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,202
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,204,040
$1.2M
Cap Rate 7%
$860,029
$860.0K
Cap Rate 9%
$668,911
$668.9K
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$90.7K $27.00/SF
− Vacancy
−$4.7K −$1.40/SF
EGI
$86.0K $25.60/SF
− OpEx
−$25.8K −$7.68/SF
NOI
$60.2K $17.92/SF
Area
San Diego County, CA
Vacancy
5.20%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,204,040
Cap Rate 7%
$860,029
Cap Rate 9%
$668,911
Alternative Uses
Best Use
Multifamily LT 5
$860.0K
$752.5K – $1.00M
NOI $60,202 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$797.5K
$697.9K – $930.5K
NOI $55,828 @ 7.0% cap · market cap 4.33%
Theoretical Best
Office A
$1.54M
$1.35M – $1.80M
NOI $107,761 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,680
Businesses Nearby
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Business Placement
Demographics for 91942, CA
40,813
Population
18,488
Households
2.2
Avg Household Size
39
Median Age
38%
College-Educated
94%
High-School Grad
5.8 sq mi
ZIP Area
7,037
Density / Sq Mi
$81,262
Median Household Income
$57,064
Median Earnings
$1,934
Median Rent
$689,300
Median Home Value
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Market
Average Price Trend$/SF for Triplexes in San Diego County, CA
Properties on Market for Triplexes in San Diego County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit residential property with private driveways, off-street parking, yards, and laundry for each unit.
Where is this triplex located?
The property is located at 7361 - 7367 LA MESITA PL La Mesa, CA.
What is the asking price?
The asking price for this property is $1,289,295.
What are key features of this property?
This property features: Three‑unit property with a 4‑bedroom house, optional 5th bedroom, and two 2‑bedroom units; 3,360 square feet on a 0.2733‑acre lot; One 2‑bedroom unit remodeled in 2024 with a new kitchen, flooring, and bathroom
