4415 Rosebud Ln, La Mesa, CA 91941
List Price: $2.5M
Listing Status: Active
0Days on Market: 1
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Lot Size: 11,346 sq ft
MLS Number: 260017468SD
About This Property
5.54% current cap rate with a clear path to 6.23%. Newly priced at $2,495,000, 4415 Rosebud Lane offers 10 La Mesa units at $249,500 per unit, strong in-place income and approximately $109,000 in recent capital improvements, including a new roof, upgraded electrical service and panels, and completed SB 721 work with new stairs, railings and catwalks. The unit mix includes four studios, four 1BR units and two 2BR units, plus PARKING for every apartment, covered parking with storage and on-site laundry. Current operations reflect an 11.15 GRM and 5.54% cap rate, with projected performance of a 10.33 GRM and 6.23% cap rate as leases roll and allowable rent increases are implemented. Conveniently located near La Mesa Village, shopping, parks, transit and freeway access.
Listing provided by: Christina Labowicz DRE #02055851 619-299-3000 christina@aciapartments.com, ACI Apartments
Source: CRMLS, MLS #: 260017468SD
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.