Listing ID230006749
Sold For$950,000
StatusSOLD
SqFt
6,169
CountySan Diego
Year Built1953
Property Type2-4 Units
The income opportunities are endless with this incredible duplex in La Mesa! Perfect opportunity for an owner to live in one unit and rent out the second unit. On the other hand, an investor can rent out both units either as long term or short term rentals or a combination of both as it’s currently set up. This property features two generously sized units, each with 2 bedrooms (plus an optional den/bonus room with closet), 1 bathroom, and their own private yards to enjoy the San Diego weather all year long. Each unit also comes with a single-car garage for added convenience. Ample yard space gives the perfect opportunity to potentially add ADUs. Both units have been well maintained with plenty of upside. The units have newer kitchens and updated baths with laminate flooring throughout and in unit laundry.Located in a desirable area, this property is close to shopping, restaurants, and entertainment, as well as easy freeway access and less than half a mile to the Amaya Trolley Station Park which offers riders direct access to Downtown San Diego. Don't miss your chance to own this fantastic duplex in the growing incorporated community of La Mesa.
County
San Diego
City
La Mesa
Price Before Reduction
949909
Price Reduction Date
2023-06-30T18:32:15+00:00
Property Type
2-4 Units
Year Built
1953
Cooling
Wall/Window
Heat Equipment
Wall/Gravity
Heat Source
Natural Gas
Levels
2 Story
Total Stories
2
Unit 1 Estimated SqFt
964
Unit 1 Laundry Hook Ups
Yes
Unit 1 Number of Bedrooms
3
Unit 1 Number of Full Baths
1
Unit 1 Number Total Baths
1
Unit 2 Estimated SqFt
964
Unit 2 Laundry Hook Ups
Yes
Unit 2 Number of Bedrooms
3
Unit 2 Number of Full Baths
1
Unit 2 Number Total Baths
1
Unit Number for Unit 1
6081
Unit Number for Unit 2
6083
Entry Only
no
Exterior
Stucco
Fencing
Full
Lot Size
4,000-7,499 SF
Neighborhood
Severin Manor
Number of Buildings
1
Number of Units
2
Number of Units w/Dryers
2
Number of Units w/Garage
2
Number of Units w/Patios
2
Number of Units w/Range/Oven
2
Number of Units w/Refrigerator
2
Number of Units w/Washers
2
Number Units w/Cooling
2
Parking Garage Unit 1
Attached
Parking Garage Unit 2
Attached
Parking Non-Garage Unit 1
Assigned
Parking Non-Garage Unit 2
Assigned
Roof
Composition
Sewer/Septic
Septic Installed
Unit 1 Parking Garage Space
1
Unit 2 Parking Garage Space
1
Water
Meter on Property
Water Heater Type
Gas
Community
LA MESA
Complex/Park
N/K
Country
United States
Market Area
East County
Zip/Area
LA MESA (91942)
Property Type
2-4 UNITS
Supplement
Located in a desirable area, this property is close to shopping, restaurants, and entertainment, as well as easy freeway access and less than half a mile to the Amaya Trolley Station Park which offers riders direct access to Downtown San Diego. Don't miss your chance to own this fantastic duplex in the growing incorporated community of La Mesa.
Age Restrictions
N/K
Annual Expense Actual
15739
Annual Expense Projected
16211
Cap Rate Actual
4.6
Cap Rate Projected
5.1
Financing
Conventional
Gross Rent Multiplier Projected
14
Gross Scheduled Income Actual
60600
Gross Scheduled Income Projected
68400
Net Operating Income Projected
49527
Sale/Rent
For Sale
Sales Restrictions
N/K
Short Sale
no
Tenant Pays
Electricity, Gas/Propane
Terms
Cash, Conventional, FHA, VA
Unit 1 Deposit
1500
Unit 1 Projected Rent
2850
Unit 1 Rent Actual
2200
Unit 2 Projected Rent
2850
Contact - Listing ID 230006749
Lawrence Dy
11440 W. Bernardo Ct #300
San Diego, CA 92127
Phone: 8584491253
Phone Alt: 8584491253
Data services provided by IDX Broker
