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4477 Palm Ave

SOLD

San Diego

$1,810,000

Property Description

Introducing the newest addition to La Mesa Village! Featuring brand new construction, fully permitted (2) three bedroom two bathroom units and a fully remodeled two bedroom two bathroom front house. With a total estimated 2,936 SqFt on a 7,799 SqFt lot, this property offers ample space for comfortable living. Each unit has been thoughtfully designed with a spacious layout and minimal shared walls. Additionally, all units feature top-of- the-line in-unit amenities such as a washer/dryer, dishwasher, and central air, providing convenience for everyday living. The property also includes two single-car garages and plenty of additional off-street parking. There is a possible ADU opportunity in converting the garages into a fourth unit as they are already equipped with plumbing and electricity. The front home features a private yard whereas the other two units offer communal outside space for tenants to enjoy. This rare opportunity is perfect for both investors looking for a low maintenance, high income earning potential property, or an owner-user looking to live in La Mesa Village while offsetting their monthly mortgage payments by renting out the other two units.
Assumable Financing Available through Chase Bank - $2.6M Assumable Loan Balance, 4.27% interest 30 Year AM principal and interest Fixed through 2027 (3.5 years)

Contact Agent

Eric Feldman

760-419-1343

Investment Summary

Property Location

SOLD

$1,810,000

Property Type

Triplex

Price/Unit

$633K

Units

Unit Mix

3

(2) 3bd / 2ba, (1) 2bd/2ba

Price/Sq Ft

$646

NOI

$99,791

CAP

GRM

Sq Ft

Current

5.3

14.3

Imp

2,936

Year Built

1946/2023

Proforma

5.6

13.7

Land

7,799

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COMPLIMENTARY INVESTMENT CONSULTATION

Call us. We are here to help.

Alexio (760) 419-1343  |  Adrian (858) 735-9977

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The representations contained on this internet page are provided based on information deemed reliable. However, the same has not been independently verified. Principals are advised to conduct a thorough due diligence for any potential transaction.

South Coast Commercial, INC DRE# 01846358 | Gonzalez and Barbara Group DRE# 01992393

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