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31569046
31569045

6935 hoffman & 3979-89 king st, La Mesa, CA 91941

DF
CA 02026109
Define Real Estate
Listed by Define Real Estate
$3,390,000
56 days on market
Updated 56 days ago

Renovated 8-Unit on a Corner Lot with Park

Details
APN 474-353-16-00
Property Type Multifamily
Sub Type Apartment Building
Units 8
NOI $164,688
Broker Co-Op Yes
Year Renovated 2025
Stories 1
Acreage 0.720
Zoning R1
Parking Spaces per unit
Investment Type Stabilized
Ground Lease No

Multifamily | 8 Units in La Mesa

Marketing description

Exceptional La Mesa 8-unit multifamily opportunity. This stabilized asset delivers consistent in-place income supported by a strong unit mix and long-term tenancy. The improvements include (1) 3-bedroom / 1-bath home, (1) 1-bedroom / 1-bath home, and (6) 2-bedroom / 1-bath units across three duplex structures. All units are single story and feature newer appliances and private fenced backyards.

The duplex structures have been extensively renovated down to the studs, including major capital improvements such as newer roofs, plumbing, electrical, and related systems. These upgrades materially reduce near-term capital expenditure exposure and provide a more predictable ownership profile.

From a location standpoint, the property is situated on a large .72 acre corner lot and benefits from a well-connected La Mesa setting. Ideally located near La Mesa Village, Grossmont Center, public transit, and major freeway access providing convenient regional connectivity throughout San Diego County. The asset is also positioned within close proximity to San Diego State University, further supporting long-term rental demand in the surrounding area. Altogether, the property offers a compelling combination of stable income, limited near-term capital needs, and a highly accessible East County location.

Investment highlights

  • Apn: 474-353-16-00
  • Lot size: 0.72 acres | 31,363 sf
  • Property taxes calculated at 1.23% of $3,390,000 purchase price
  • Total expense $118,703.82
  • NOI $164,688.18

Listing Contacts

DF
CA 02026109
Define Real Estate
Listed by Define Real Estate

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$164,688.18
$13,724.02/mo

Valuation Metrics

0
DSCR
4.86%
Cap Rate
4.86%
ROI

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Additional Information

Name
Daniel Fefferman
License
02026109
Brokerage
Define Real Estate
Brokerage Phone
6197339038
Title
Real Estate Broker
Brokerage Address
4950 Waring Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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