Modern 4-Unit Multifamily
7843-49 La Mesa Blvd La Mesa, CA 91942
7843-49 La Mesa Blvd, La Mesa, CA, 91942
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For Sale
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Four individually metered residences, including two newly built units with private patios and in-unit washer/dryer hookups.
Property Size3,060 SF
Price / SF$571.57
Days on Market55
Property Features for 7843-49 La Mesa Blvd
General Information
- Standard status
- Active
- Size
- 3,060 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1935
Listing agency
LPT Realty,Inc
Listed by
Liz Pereda · License #02219207
Source
Crexi
Added: May 28 Updated: Jul 21 at 3:48AM Checked: Jul 21 at 3:48AM
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 LPT Realty,Inc
Investment Insights
Based on property information with market context.
This modern 4-unit multifamily property offers a fully upgraded mix of layouts and amenities. Two units, 7847 and 7849, were newly built and fully permitted within the last year and each features 2 bedrooms, 2 full bathrooms, private patios, designated parking, and in-unit washer/dryer hookups. The front residence at 7845 includes 2 bedrooms, 1 full bathroom, a one-car garage, a dedicated laundry room with washer and dryer, and spacious living areas. Unit 7843 is a furnished 1-bedroom, 1-bath unit with a private patio, in-unit laundry, a one-car garage, and additional driveway parking.
The property is located near La Mesa Village and within moments of SDSU, shopping, and dining, with easy access to the 8 freeway.
Each unit is individually metered for electricity, supporting straightforward management. The property’s configuration provides a range of unit types within a turnkey setup for a buyer seeking a residential income asset.
The property is located near La Mesa Village and within moments of SDSU, shopping, and dining, with easy access to the 8 freeway.
Each unit is individually metered for electricity, supporting straightforward management. The property’s configuration provides a range of unit types within a turnkey setup for a buyer seeking a residential income asset.
Key Highlights
- Four‑unit property built in 1935 with four individually metered residences for electricity.
- Two newly built, fully permitted units (7847 & 7849) completed within the last year, each offering 2 beds and 2 full baths.
- Newer units include private patios, designated parking, and in‑unit washer/dryer hookups.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $82.6k | $27.00 |
| − Vacancy | −$4.3k | −$1.40 |
| EGI | $78.3k | $25.60 |
| − OpEx | −$23.5k | −$7.68 |
| NOI | $54.8k | $17.92 |
3,060 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$783.2K
$685.3K – $913.8K
NOI $54,827 @ 7.0% cap · market cap 3.13%
Second Best
Apartment 5plus
$726.3K
$635.5K – $847.4K
NOI $50,843 @ 7.0% cap · market cap 2.91%
Theoretical Best
Office A
$1.40M
$1.23M – $1.64M
NOI $98,139 @ 7.0% cap · market cap 5.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four individually metered residences, including two newly built units with private patios and in-unit washer/dryer hookups.
Where is this quadplex located?
The property is located at 7843-49 La Mesa Blvd La Mesa, CA.
What is the asking price?
The asking price for this property is $1,749,000.
What are key features of this property?
This property features: Four‑unit property built in 1935 with four individually metered residences for electricity.; Two newly built, fully permitted units (7847 & 7849) completed within the last year, each offering 2 beds and 2 full baths.; Newer units include private patios, designated parking, and in‑unit washer/dryer hookups.
