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$3,295,000
Est. payment /mo
16 Beds
8 Baths
6,145 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 6,145 sqft
Price per Sqft $536
MLS Listing ID 260008555
Bedrooms 16
Full Baths 8
Lot Size 0.720 Acres
Property Sub-Type Com-Res Income
Property Type Com-Res Income
Property Description
Exceptional La Mesa 8-unit multifamily opportunity. 6935 Hoffman Ave. + 3979-89 King St. 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.
Location
State CA
County San Diego
Area East County
Zoning R-4:MULTIP
Direction Use GPS
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Others
Senior Community No
Tax ID 474-353-16-00
Virtual Tour https://www.propertypanorama.com/instaview/snd/260008555
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Listed by Daniel J Fefferman, DRE#02026109 Define Real Estate
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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