6935 Hoffman Ave, La Mesa, CA 91941
List Price: $3.29M
Listing Status: Active
Original List Price: $3.39M
0Days on Market: 115
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Lot Size: 31,363 sq ft
MLS Number: 260008555SD
About This Property
Exceptional La Mesa 8-unit multifamily opportunity. 6935 Hoffman Ave. + 3979-89 King St. delivers consistent in-place income supported by a strong unit mix and long-term tenancy. The improvements include (1) 3-bedroom / 1-bath home, (1) 1-bedroom / 1-bath home, and (6) 2-bedroom / 1-bath units across three duplex structures. All units are single story and feature newer appliances and private fenced backyards. The duplex structures have been extensively renovated down to the studs, including major capital improvements such as newer roofs, plumbing, electrical, and related systems. These upgrades materially reduce near-term capital expenditure exposure and provide a more predictable ownership profile. From a location standpoint, the property is situated on a large .72 acre corner lot and benefits from a well-connected La Mesa setting. Ideally located near La Mesa Village, Grossmont Center, public transit, and major freeway access providing convenient regional connectivity throughout San Diego County. The asset is also positioned within close proximity to San Diego State University, further supporting long-term rental demand in the surrounding area. Altogether, the property offers a compelling combination of stable income, limited near-term capital needs, and a highly accessible East County location.
Listing provided by: Daniel Fefferman DRE #02026109 619-469-0700 daniel@definesdre.com, Define Real Estate
Source: CRMLS, MLS #: 260008555SD