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Listed by Jacqueline Cono-Clippinger • Real Net Inc.
$4,650,000
Est. payment /mo
9,408 SqFt
New
4818 Palm Avenue La Mesa, CA 91942
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 9,408 sqft
Price per Sqft $494
MLS Listing ID CRPTP2504161
HOA Y/N No
Year Built 1946
Lot Size 0.371 Acres
Property Sub-Type Other
Source Datashare California Regional
Property Description
This sale includes 2 parcels, located right in the heart of La Mesa Village. On each parcel sits 8 charming, craftsman style units for a total of 16 units. A great mix of 8 two bedroom / one baths, 4 one bedroom / one baths and 4 studios, as well as 14 garages (rented out separately) and leased laundry. Several units at market rate of $1995 for 2br, $1695 for 1br, $1595 for studios, but many below with room for increased revenue. This property presents a very unique opportunity for future development. Parcel 494-251-16-00 zoned CD-D, intended to accommodate development that permits high density and mixed use. Parcel 494-251-15-00 zoned R3. These parcels were originally one, but were split into two in 1966 and County Recorder states they can be combined again into one parcel per a combination request through SDARCC. La Mesa is building up! Located steps to the La Mesa Village which boasts shopping, dining, entertainment and transportation. More than a town, a lifestyle, with gyms, Pilates and yoga studios, Farmers' Market every Friday, trending restaurants and coffee shops. Just strolling distance away is the fully reimagined Collier Park which features brand new pickleball and tennis courts, playground, green spaces and covered areas for community gatherings, picnics and more! La
Location
State CA
County San Diego
Interior
Heating Natural Gas, Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Common Area, Other
Building
Lot Description Level, Other
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