$ 2,250,000
5590 Shasta ln La Mesa, CA 91942
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$ 2,250,000
Est. payment | /mo
5 Beds
4 Baths
0.37 Acres Lot
$ 2,250,000
Est. payment | /mo
5 Beds
4 Baths
0.37 Acres Lot
OPEN HOUSE
Sat Oct 19, 2:00pm - 5:00pm
Sun Oct 20, 2:00pm - 5:00pm
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID NDP2407831
Bedrooms 5
HOA Y/N No
Lot Size 0.370 Acres
Lot Dimensions Almost Half a c
Property Description
Location! Newly renovated Single-Story Triplex (5590 FRNT & REAR and 5588) Centrally located one exit from San Diego State, very walkable to Lake Murray and 10 minutes from San Diego's beautiful beaches & Downtown. Currently, the property-generates, $12,000 per month from long-term, month-to-month tenants. (Current gross Income is $144,000 per year.) There is not one component of this property that has not been redone, from the patios and new windows overlooking huge backyards exquisite finishes put together by a very talented interior designer, this property is a "new build with an old soul". Each home has Private Backyards and low-maintenance. Everything is new, soft closing cabinets with crown molding, under mound sinks, quartz countertops, high-efficiency appliances, automated gates for parking. Individual laundry rooms for each unit. The main house exudes modern elegance, with a spacious courtyard. You really should see to appreciate. Property future life/minimal near future maintenance is very low. Has approved plans to add 1,100 sqft through conversion of courtyard & garages into ADU 2 bedroom unit right-away for additional income. Almost Half of a city block of land, triplex sitting on a generous 16,117 SQ FT flat usable lot. The backyard has four carports, totals 8 car parking spots, offers ample parking and storage. R3 zoning & lot size also allows for development of 5 additional detached (ADU) units, or a maximum of 10-20 consecutive units up to 5 floors through city permitting, an excellent opportunity for future development. Easy access to hwy 8, La Mesa Health
Location! Newly renovated Single-Story Triplex (5590 FRNT & REAR and 5588) Centrally located one exit from San Diego State, very walkable to Lake Murray and 10 minutes from San Diego's beautiful beaches & Downtown. Currently, the property-generates, $12,000 per month from long-term, month-to-month tenants. (Current gross Income is $144,000 per year.) There is not one component of this property that has not been redone, from the patios and new windows overlooking huge backyards exquisite finishes put together by a very talented interior designer, this property is a "new build with an old soul". Each home has Private Backyards and low-maintenance. Everything is new, soft closing cabinets with crown molding, under mound sinks, quartz countertops, high-efficiency appliances, automated gates for parking. Individual laundry rooms for each unit. The main house exudes modern elegance, with a spacious courtyard. You really should see to appreciate. Property future life/minimal near future maintenance is very low. Has approved plans to add 1,100 sqft through conversion of courtyard & garages into ADU 2 bedroom unit right-away for additional income. Almost Half of a city block of land, triplex sitting on a generous 16,117 SQ FT flat usable lot. The backyard has four carports, totals 8 car parking spots, offers ample parking and storage. R3 zoning & lot size also allows for development of 5 additional detached (ADU) units, or a maximum of 10-20 consecutive units up to 5 floors through city permitting, an excellent opportunity for future development. Easy access to hwy 8, La Mesa HealthCare Center, Kaiser Medical, SDSU Medical, MTS buses, and Lake Murray Village location is amazing. Enjoy nearby dining, grocery and fitness options, all within a short distance. With no HOA, Mello-Roos, or rent control, this high-demand rental area presents a great opportunity. 1031 exchange welcome. Call or text @ 619-433-2826 or @ 619-452-8248
Location! Newly renovated Single-Story Triplex (5590 FRNT & REAR and 5588) Centrally located one exit from San Diego State, very walkable to Lake Murray and 10 minutes from San Diego's beautiful beaches & Downtown. Currently, the property-generates, $12,000 per month from long-term, month-to-month tenants. (Current gross Income is $144,000 per year.) There is not one component of this property that has not been redone, from the patios and new windows overlooking huge backyards exquisite finishes put together by a very talented interior designer, this property is a "new build with an old soul". Each home has Private Backyards and low-maintenance. Everything is new, soft closing cabinets with crown molding, under mound sinks, quartz countertops, high-efficiency appliances, automated gates for parking. Individual laundry rooms for each unit. The main house exudes modern elegance, with a spacious courtyard. You really should see to appreciate. Property future life/minimal near future maintenance is very low. Has approved plans to add 1,100 sqft through conversion of courtyard & garages into ADU 2 bedroom unit right-away for additional income. Almost Half of a city block of land, triplex sitting on a generous 16,117 SQ FT flat usable lot. The backyard has four carports, totals 8 car parking spots, offers ample parking and storage. R3 zoning & lot size also allows for development of 5 additional detached (ADU) units, or a maximum of 10-20 consecutive units up to 5 floors through city permitting, an excellent opportunity for future development. Easy access to hwy 8, La Mesa HealthCare Center, Kaiser Medical, SDSU Medical, MTS buses, and Lake Murray Village location is amazing. Enjoy nearby dining, grocery and fitness options, all within a short distance. With no HOA, Mello-Roos, or rent control, this high-demand rental area presents a great opportunity. 1031 exchange welcome. Call or text @ 619-433-2826 or @ 619-452-8248
Location
State CA
County San Diego
Area La Mesa (91942)
Building/Complex Name Lake Murray Community Park
Interior
Heating Electric, Natural Gas
Cooling Heat Pump(s), Zoned Area(s)
Appliance Combination Heating, Fireplace
Exterior
Exterior Feature Brick, Stucco, Other/Remarks
Garage Unit1:Assigned
Roof Type Composition
Building
Lot Description Curbs, Sidewalks
Story 1
Level or Stories 1 Story
Others
Miscellaneous Value in Land
Acceptable Financing Cash, Conventional, Exchange, FHA, VA
Space Rent $69,600
Listing Terms Cash, Conventional, Exchange, FHA, VA
Financing Cash
Listed by Alieh Mahdis Khavari • Coldwell Banker Realty
1420 Kettner Blvd, Suite 100, Diego, CA, 92101, United States