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


























