Photo of Monica Sylvester

Monica Sylvester

858.449.1812

DRE# 01313543



$6,650,000

  • COMMERCIAL-RES INCOME
  • PENDING
  • MLS# 180035031

Description

NEW PRICING!! Turn-key multifamily investment opportunity. Superb central La Mesa location. The Grossmont Apartments are comprised of 27 fully-renovated units. All units have new hardwood-vinyl flooring, carpet, appliances, granite countertops, and cabinets. New roof, new exterior paint and new landscaping. The complex also offers a swimming pool, on-site laundry, and on-site and off-site parking. Over $1M in renovations within the last year. The Grossmont Apartments are centrally located in La Mesa, half of a block from the Grossmont Transit Center and two blocks from millions of square feet of retail including Walmart, Target, Costco, and the La Mesa Square Center. Easy access to Interstate 8 and State Route 125 makes this complex ideal for San Diego State University students and small families.

Property Details

Property type:
Commercial-Res Income
Age of Building:
1964
Number of Buildings:
2
Number of Stories:
2
Total Number of Parking Spaces:
30

Location

County:
San Diego

Additional Details

Number of Units:
27
Number of Stories:
2
Total Monthly Rent:
$40,550
Price Per Unit:
$246,296
Existing Finance:
Conventional
SqFt of Improvement:
16,690
Lot Square Footage:
36,155
Assessors Parcel #:
490-564-14-00
Units with Disposals:
27
Units with Ranges:
27
Units with Refrigerator:
27
Cooling:
Wall/Window
Exterior:
All Auto Sprinklers, Cable Available, Community Facilities, Fully Landscaped, Metal Fence, Wood Fence
Heating Equipment:
Wall
Roof:
Other/Remarks
Laundry:
Owned
Parking:
Spaces

Unit Details

Unit 1
Number of Units:
23
Number of Bedrooms:
1
Number of Baths:
1
Rent:
$1,450
Unit Rental Total:
$33,350
Unit 2
Number of Units:
4
Number of Bedrooms:
2
Number of Baths:
1
Rent:
$1,800
Unit Rental Total:
$7,200

Features

Floor Coverings:
Vinyl, Wall to Wall Carpet
Construction Features:
Stucco
Laundry Utilities:
Owned

Listing provided by

Harcourts Point Loma Realty
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La Mesa

La Mesa is a mid-size city just a few miles east of the Pacific coastline with around 59,000 residents. The community offers a charming, all-American feel with an Antique Street Fair, “Back to the 50s” car show, Oktoberfest, Flag Day parade and Christmas in the Village. Two school districts oversee public schools in the area, including a charter high school, and there are also... Read More

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Presented By
Monica
Sylvester

DRE# 01313543

858.449.1812

Email Me
Presented By
Monica
Sylvester

DRE# 01313543

858.449.1812

Email Me

Willis Allen Real EstateThis information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 Sandicor®, Inc.