4771 68th ST Active Save Request In-Person Tour Request Virtual Tour
La Mesa,CA 91942
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision La Mesa
MLS Listing ID PT25044811
Year Built 1980
Lot Size 0.300 Acres
Property Sub-Type Quadruplex
Property Description
This one has it all! A rare investment opportunity to own 4 completely renovated move-in units with a lot that can allow for future development. Located in one of the most loved neighborhoods in La Mesa. Quick access to freeways, schools, SDSU, and shopping. Strong rents and great tenants in place now. The main home is a single-story with a detached 2-car garage and a spacious backyard with a pool. Perfect for an owner-occupant buyer using VA or FHA financing. Gain immediate rental income while offsetting your payment. You have three units in addition to the home. A 2/1 rented at $2,600. Along with 2 1/1's rented at $1,750 and $1,512 a month. The main home's rental potential is $5,300. With all 4 units rented you could bring in as much as $11,162 a month, $133,944 a year! This property has everything investors search for: updated units, spacious interior and exterior spaces, long-term appreciation, and the ability to develop more units down the road. Or convert the 2 car garage into an additional unit now. This property offers you a multitude of options. Be sure to ask for the offering memorandum with all the financial and property details. That way you get a full breakdown of the numbers and why this property checks off all the boxes for your investment portfolio.
Location
State CA
County San Diego
Area 91942 - La Mesa
Zoning R2
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate
Fireplaces Type Wood Burning
Inclusions Kitchen appliances in all units
Laundry Washer Hookup,Electric Dryer Hookup
Exterior
Parking Features Circular Driveway,Garage,On Site,Off Street,Oversized,RV Access/Parking
Garage Spaces 2.0
Garage Description 2.0
Fence Wood
Pool Fenced,In Ground,Private
Community Features Curbs,Street Lights,Sidewalks
Utilities Available Sewer Connected,Water Connected
View Y/N No
View None
Roof Type Composition
Building
Lot Description Back Yard,Front Yard,Near Public Transit,Rectangular Lot,Sprinkler System,Yard
Story 2
Foundation Raised,Slab
Sewer Public Sewer
New Construction No
Others
Acceptable Financing Cash,Conventional,1031 Exchange,FHA,VA Loan
Listing Terms Cash,Conventional,1031 Exchange,FHA,VA Loan
Special Listing Condition Standard
Virtual Tour https://www.wellcomemat.com/video/578tcedbca961m16g/LMSA/CA/91942/68th/PT25044811/