4551 Spring Street, La Mesa, CA 91941

$2,900,000
List Price
$2,900,000
Status
ACTIVE
MLS#
220017530SD
Lot Size
7,690
Acres
0.17650000000000002
Days on Market
83
Property Type
Commercial
Property Sub Type
Mixed Use

Property Description

The Spring St Apartments built in 1958, the property consists of eight units and eight garages with an estimated 6,304+/- square feet of rentable living space. The property unit mix is six two bedroom one bath, one three bedroom one bath and one three bedroom two bath units in one, two story residential building. Some of the unit interiors have been updated . The exterior improvements include fresh paint, all new windows. The parking features eight single garages and open parking spaces. The units are separately metered for gas and electricity. Just 2.5 blocks from the historic village of Downtown La Mesa , a vibrant area with new developments, great restaurants, quaint shopping , retail experiences, fitness center, salons, spas , parks and business services. The city puts on a number of seasonal events in the Downtown area such as October fest, Holiday in the Village, weekly Farmers Market and The La Mesa Classic Car show every Thursday throughout the summer. OWNER WILL CARRY A FIRST TRUST DEED. La Mesa, or as it’s civic motto says, “The Jewel of the hills” is located 9 miles east of Downtown San Diego and is accessed by Interstate 8 to the north, State Route 125 Freeway to the east and State Route 94 Freeway to the south. The subject property is 1 block to Sprouts Farmers Market. Nearby parks include Collier Park, Porter Park and MacArthur Park Recreation Center.

Additional Information

Exterior Construction
Frame, Stucco
Roof
Composition
Attached Structure
Detached
Number Of Units Total
8
Gross Scheduled Income
$178,104
Operating Expense
62315

Listing courtesy of Listing Agent: David LeBeau (david@lebeaura.com) from Listing Office: LeBeau Realty Advisors.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.