$2,495,000

Residential Income In La Mesa

  • 2 Beds
  • 6 Baths
  • 5,940 Sqft
  • 11,326 Sqft lot
  • Updated: July 17
  • Source:
    San Diego MLS  MLS#260017468

About the Property

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 un
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.
  • Property type

    Other

  • Floors

    2

  • Price/sqft

    $420

Features

  • Laundry Room
  • Parking

Explore the Area

4415 Rosebud Ln, La Mesa, California, United States View on Google Maps
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ACI Apartments - San Diego

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ACI Apartments - San Diego
California, United States
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ACI Apartments - San Diego
San Diego, California, United States
View agency profile
Last updated
July 17
First listed
Jul 17
Listing reference
260017468
Listing status
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