4979 89 Clearview Way, La Mesa, CA 91942

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Item3640UnitsAcre, Near Public Transit
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Property Description

ABI Multifamily Inc. is proud to exclusively present the opportunity to acquire 4979-4989 Clearview Way and 7893 El Cajon Boulevard located in La Mesa, California, 91942 (The “Property”). The two-parcel Property consists of approximately ±23,678 (0.54 Acres) square feet of land zoned C-D- MU, allowing for the development of a commercial /residential mixed-use project. Improvements at 4979-4989 Clearview Way consists of 2-units plus one (1) non-conforming unit and a single-family residence located at 7893 El Cajon Boulevard, with total improvements of ±4,127 square feet. 4979-4989 Clearview Way and 7893 El Cajon Boulevard consists of two separate owners, however both owners have agreed to sell the properties together at a price of $2,500,000. Number of buildable units, 23 units by right and 35 units with bonus density. The zoning allows for a maximum building height of 46 feet which would allow for a very high floor area ratio (FAR) type structure to be constructed on the site. The City of La Mesa currently does not have any standards for FAR. The two parcels have frontage on El Cajon Boulevard and Hillside Drive, giving the properties vehicular access from two streets. 7893 El Cajon Boulevard is a potential historic resource, buyer to conduct own investigations.

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Listing courtesy of Listing Agent: James Brechlin from Listing Office: ABI Multifamily

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.