7713 University Ave, La Mesa, CA 91942

Property Description

Client has made significant upgrades to property. Some include: Remodel bathrooms, upgrade or remodel kitchen, new water heaters, irrigation, flooring and tile throughout. About $45,000.00 in upgrades. THE PROPERTY HAS TWO PARCELS. The front parcel has units and the back parcel is the garages. The two parcels are being sold separately. A verbal offer has been made by the neighbor in the amount of $105,000.00 for rear parcel - considering. Owners motive for sale is to purchase out of state. Note: The alley is an easement for the front and back parcel. The business that shares the alley and is joined to the property is interested in the back parcel. This is a great property to finish what the owner started. It really only needs new stucco to complete the property. Good tenants with two of the tenants being long term. Lots of trees in the front yard. Zoned commercial. 30 year residential financing available. Owner has been told that this area is part of the downtown redevelopment area - which means money is available if converted to commercial use. THIS IS NOT A SHORT SALE. Owner is not desperate. This is a great opportunity for a serious buyer, investor or someone trying to break into the units game!!! It is a strong income generating property. Don't miss the opportunity. THE PROPERTY IS WALKING DISTANCE TO LA MESA SHOPPING CENTER, POLICE AND FIRE DEPARTMENT. One of the best locations in town, next to the village homes. Helix High, Catholic Church and schools are also really close by. Freeway access to I94 and I 8 - you are smack in the middle for easy access. Other Fees: 0 Sewer: Sewer Connected Unit # for Unit 1: 7713 Unit # for Unit 2: 7715 Unit # for Unit 3: 7717 Unit 1 Parking Spaces: 1 Unit 2 Parking Spaces: 1 Unit 3 Parking Spaces: 1 Number of Furnished Units: 0 Topography: LL