Description
4.625% assumable va loan & low gap on this 4-unit multifamily featuring highly desirable location, unit mix, and low maintenance building offer potential to acquire this impressive asset with unique upside. unit mix includes 2 units @ 3br/1ba & 2 units @ 1br/1ba. multiple opportunities to increase rents with minor value-add improvements and potential to add up to 4 additional adu units on this lot (adu feasibility study completed & available). onsite community laundry room provides additional income opportunity. recently renovated units feature highly desirable quartz countertops, stainless appliances, and premium flooring. convenient to tons of shopping, multiple light rail stations (green and orange lines), bus stops, and i-8 freeway. close to san diego state, grossmont college, and grossmont hospital. minutes from popular cowles mountain and lake murray and less than 15 miles to the beach! downtown san diego is only 10 miles and university city’s “golden triangle” major employment hub is only 15 miles—both of which are conveniently accessed by light rail in addition to multiple freeway commuting options. enjoy reduced maintenance and operational expenses. loan assumptions are easier than ever before and closing in near record times! inquire for more details on how loan assumptions are dominating this market. effectively go back in time by assuming the current loan at the historically low interest rate with low gap and profit from substantially expedited principal pay down and lower interest expenses and enjoy a heavily discounted va funding fee, no loan origination fees, and no lender discount points when assuming.
Property Type
Residential IncomeCounty
San DiegoStyle
Residential IncomeAD ID
49339951
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Property Details
-
Interior Features
Bathroom Information
- Total Baths: 0
Water/Sewer
- Sewer : Public Sewer
Cooling Features
- Air Conditioning
Heating Source
- Has Heating
Fireplace
- Has Fireplace: 0
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Exterior Features
Building Information
- Year Built: 2000
- Building Area Total: 2,844
Pool Features
- None
Laundry Features
- Common Area
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1684
- Lot Size Source: Public Records
- Lot Size Square Feet: 7336
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Listing Information
Listing Price Information
- Original List Price: 1,899,000
- Listing Contract Date: 2025-03-28
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 4700913000
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
- Garage Description: Assigned,Asphalt,Driveway,On Site,Off Street,See Remarks
Homeowners Association
Rental Info
- Lease Term: Negotiable
- Tenant Pays: Telephone
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 91942 - La Mesa
- Directions: El Cajon Blvd to Comanche Dr
- Zoning: R-4:MULTIPLE RESIDENTIAL
- Source Property Type: Residential Income
- Area: 91942 - La Mesa
Building and Construction
- Property Age: 25
- Common Walls: 2+ Common Walls
- Year Built Source: Vendor Enhanced
- Entry Level: 1
- Entry Location: 1
- Property Attached: Yes
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BuyOwner last updated this listing 04/16/2025 @ 12:02
- MLS: PTP2502568
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 2,844 sqft, 7,336 sized lot, and 0 parking. are nearby neighborhoods.