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$7,500,000
Est. payment /mo
34 Beds
22 Baths
15,128 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 15,128 sqft
Price per Sqft $495
MLS Listing ID 260016931
Bedrooms 34
Full Baths 22
Property Sub-Type Com-Res Income
Property Type Com-Res Income
Property Description
The offering presents the opportunity to acquire a highly renovated 22-unit multifamily community located in the City of La Mesa, California. The property features a well-balanced unit mix of ten (10) 1-bedroom/1-bath units and twelve (12) 2-bedroom/1-bath units, all of which have been extensively upgraded with modern interior finishes. Notably, all 2-bedroom units are equipped with in-unit washer/dryers, a highly desirable amenity in the submarket. Since 2022, current ownership has invested approximately $1.2 million in capital improvements and interior renovations. These upgrades include fully remodeled unit interiors, exterior enhancements, and targeted improvements to select building systems. The property has been successfully repositioned as a stabilized, turnkey asset. The property benefits from strong regional accessibility, with direct access to Interstate 8 and State Route 125, as well as proximity to public transit. Two trolley stations are located within one mile of the property and are serviced by the Orange Line, providing convenient connectivity to Downtown San Diego and beyond. Foothill Manor represents an opportunity to acquire a fully renovated, institutionally upgraded multifamily asset located in a supply-constrained submarket with strong long-term rental demand fundamentals.
Location
State CA
County San Diego
Area East County
Interior
Heating Wall
Cooling Wall/Window
Fireplace No
Laundry Owned
Exterior
View Y/N No
Roof Type Composition
Building
Dwelling Type Apartment
Story 2
Others
Senior Community No
Tax ID 494-840-11-00
Virtual Tour https://www.propertypanorama.com/instaview/snd/260016931
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Listed by Eric D Comer, DRE#00842230 Eric D. Comer, Broker
Nearby School & Business
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Glen Henderson
Broker Associate | CA BRE #01384181
Broker Associate CA BRE #01384181
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