Listing provided courtesy of Aziz Zakkout of Marcus & Millichap. Last updated 2020-06-13 09:20:40.000000. Listing information © 2020 Client MLS.

Asking Price: $3,200,000

7125 Waite Drive, La Mesa CA 91941

Community: ​East County


This Com-Res Income property was built in and is priced at $3,200,000. Please see the additional details below.
  • 0 Sq Ft
  • 1.5 bathrooms
  • 2 bedrooms
  • MLS#: 200027246
  • Type: Com-Res Income
  • Year Built:
In place (current) cap rate of 5.29% 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.

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