4645 Palm Ave, La Mesa, CA 91941
8 Unit Apartment Building | $2,495,000 ($311,875/Unit) | 4.54% Cap Rate | La Mesa, CA 91941
For Sale
Active
11 pictures
Asking Price $2,495,000
- Property Type
-
Multifamily
- Square Feet
- 6,265 SF
Listing Contacts
Eric Comer
Jim Neil
Merrick Matricardi
- Property Info
Property Overview
REDUCED PRICE!!! La Palmilla Apartments is a well located asset with a desirable unit mix of three (3) one-bedroom and five (5) two-bedroom apartment homes with ample parking, common laundry facilities, additional storage and secured entry. The offering is a true value-add opportunity with the option of upgrading unit interiors and the building exterior to achieve substantially higher rents.
Seller is purchasing upleg and will either close 4645 Palm Avenue as the downleg in an exchange or if necessary effect a reverse exchange.
Located in La Mesa's charming historical village with a walk score of 93, the neighborhood is a walker's paradise with a plethora of trendy
restaurants, coffee shops, bars and shops along La Mesa Blvd (1.5 blocks from the property). Sprout's Farmers Market is located directly
across the street. Residents are also walking distance (0.3 miles) to the nearest Trolley Stop, which is served by the Orange Line and provides traffic free commutes to destinations including Downtown San Diego, SDSU, Mission Valley, UTC and the San Ysidro border.
Seller is purchasing upleg and will either close 4645 Palm Avenue as the downleg in an exchange or if necessary effect a reverse exchange.
Located in La Mesa's charming historical village with a walk score of 93, the neighborhood is a walker's paradise with a plethora of trendy
restaurants, coffee shops, bars and shops along La Mesa Blvd (1.5 blocks from the property). Sprout's Farmers Market is located directly
across the street. Residents are also walking distance (0.3 miles) to the nearest Trolley Stop, which is served by the Orange Line and provides traffic free commutes to destinations including Downtown San Diego, SDSU, Mission Valley, UTC and the San Ysidro border.
Property Details
- Class
- C
- Year Built
- 1974
- Stories
- 2
- Lot Size (sq. ft)
- 6,970 SF
- Units
- 8
Highlights
- Prime La Mesa Village Location - 1.5 blocks to La Mesa Blvd
- Very Walkable Location (93 Walk Score)
- Walking distance to the La Mesa Trolley Station
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