7125 Waite Drive La Mesa CA 91941 | MLS 200010792

7125 Waite Drive
La Mesa, CA, 91941
$3,200,000
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0 SqFt
0 Acres
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*Back on market. Buyer failed to perform.* In place cap rate of 5.29% Bring your offers- Seller is earnestly engaged in the process.* Rare opportunity to own well located 12 unit town-homes in the incorporated City of La Mesa, San Diego County, CA. All units are 864 sf 2 bedroom, 1.5 bathrooms. All units offer private back patios. Property is situated on a 21,103 square foot lot with ample onsite parking for 26 vehicles (13 true tandem spaces). The lot is so large, that there could be additional improvements made in the rear. On-site laundry is available (machines are owned). Property is walking distance to the Lemon Grove shopping plaza, a 108,000sf grocery anchored retail center that hosts tenants such as Albertsons, Walgreens, Starbucks and In-N-Out. 5 of the 12 units have already been renovated which means a substantially less budget needed for capital improvements.

Property Details

Price:
$3,200,000
MLS #:
200010792
Status:
Active
Address:
7125 Waite Drive
Type:
Commercial
City:
La Mesa
Listed Date:
Mar 4, 2020 (93 days)
State:
CA
ZIP:
91941

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Full-time Real Estate Broker, sold 1100+ Properties in SLO and SBC County. 38 years of local real estate knowledge and experience. I understand each sale is about you and your goals. I know as we get older, we don’t have time to make up for any mistakes especially when it comes to one the most significant investments. I care about my clients and work very hard to share my knowledge and protect you along the way. I place the appropriate verbiage in the listing and listing agreement depending …

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7125 Waite Drive
La Mesa, CA