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    5520 Wellesley St La Mesa, CA 91942-4431
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    Property profile & analytics

    5520 Wellesley St, La Mesa, CA 91942-4431

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    • Medical Office Space
    • 29,103 SF
    • 0.63 lot acres
    Off-Market
    Last Sale Nov 9, 2023
    $4,500,000
    Property ID
    US09-9261283
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    $5,170,000
    Show details
    Cap Rate Potential
    9.5%
    Medical Office Space
    Location Intelligence

    Current Use by Public Records

    • Pleasants Karlyn M / Physician / Medical Clinic
    • Farmers Insurance - Kristine Avram / Insurance Agency
    • Covered California Certified Agent / Insurance Agency
    • Brown & Farmer / Law Firm
    • Counseling & Behavior Specialists / Family Counselor / Marriage Or Relationship Counselor

    Property Details for 5520 Wellesley St

    Year built
    1988
    Lot size
    0.63 lot acres
    Zone code
    COMMERCIAL
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    464-271-73-00
    APU
    4642717300

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 9, 2023 $4,500,000 Satnam Investments LLC La Mesa Bus Assc Re General Prtnrsh Grant Deed $2M · Altura Cu
    Jul 28, 2022 La Mesa Bus Assc Re General Prtnrsh La Mesa Bus Asscociates Real Genera Intrafamily Transfer · related $2.6M · Pacific Premier Bank
    Feb 26, 2019 La Mesa Busn Assocs R & E Genera Deed · related $2M · Zions Bancorporation NA
    Sep 8, 2016 La Mesa Business Associates Real Es Deed · related $1.5M · Cdc Small Business Finance Corp
    May 13, 2016 $3,500,000 La Mesa Busn Assocs R & E Genera Welsh R J & B J 1995 Trust Grant Deed $1.8M · California Bk&tr
    Mar 10, 2010 Welsh R J & B J 1995 Trust Baltimore Wellesley LLC Quit Claim Deed · related
    May 26, 2000 $4,100,000 Welsh Trust George E Eckel Trustee Grant Deed $2.4M · Southland Life Insurance Co
    Dec 21, 1995 $250,000 George E Eckel Trustee Valley Independent Bank Grant Deed $1.2M · Valley Independent Bank
    La Mesa Busn Assocs R & E Genera Deed Of Trust · related $2M · Zions Bancorporation NA
    George E Eckel Deed Of Trust · related $900k · Valley Independent Sav Bank

    Description

    This exceptional office property, located at 5520 Wellesley Street in La Mesa, California, 91942, presents a unique leasing opportunity. The building, constructed in 1988, offers a total of 29,103 square feet across two stories within a single building. Currently, 3,531 square feet of space is available for lease, ideal for a variety of business needs. The property is classified as Class C and is zoned C, allowing for diverse commercial uses. The building boasts ample parking with 32 spaces available for tenants and their clients. The property's location within the La Mesa submarket provides convenient access to local amenities and transportation networks. This is a multi-tenant building, offering a collaborative and dynamic work environment. The available space is perfect for businesses seeking a well-established location with convenient parking and a functional layout. The property's executive and traditional office subtypes cater to a wide range of business sizes and preferences. This is an excellent opportunity to secure a prominent office space in a thriving La Mesa community.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $5,760,000
      ML approach
      $5,490,000
    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,604,000
      Market price range: $4.69M - $16.2M

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    La Mesa
    County
    San Diego
    State
    California
    Longitude
    -117.033
    Latitude
    32.78
    CBSA code
    41740
    CBSA name
    SAN DIEGO-CARLSBAD-SAN MARCOS, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $54,848
    $1,900,000
    $2,600,000
    $4,500,000
    -
    $0.00
    $0.00
    $0.00
    More about this property
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