Apartment Consultants Incorporated
Listed by Apartment Consultants Incorporated
$2,495,000
4415 Rosebud Ln
Details
APN 470-492-03-00
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,940
Units 10
Cap Rate 5.54%
Buildings 1
Stories 2
Acreage 0.260
Parking Spaces 10 spaces
Parking per 1,000 SqFt 1.68
Multifamily | 5.54% CAP | 10 Units
Marketing description
5.54% current cap rate with a clear path to 6.23%. Newly priced at $2,495,000, 4415 Rosebud Lane offers 10 La Mesa units at $249,500 per unit, strong in-place income and approximately $109,000 in recent capital improvements, including a new roof, upgraded electrical service and panels, and completed SB 721 work with new stairs, railings and catwalks. The unit mix includes four studios, four 1BR units and two 2BR units, plus PARKING for every apartment, covered parking with storage and on-site laundry. Current operations reflect an 11.15 GRM and 5.54% cap rate, with projected performance of a 10.33 GRM and 6.23% cap rate as leases roll and allowable rent increases are implemented. Conveniently located near La Mesa Village, shopping, parks, transit and freeway access.
Listing Contacts
Apartment Consultants Incorporated
Listed by Apartment Consultants Incorporated
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