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Key Details
Sold Price $1,440,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 200012245
Sold Date 10/30/20
HOA Y/N No
Lot Size 8,712 Sqft
Acres 0.2
Property Description
7565 and 7569 -71 University Ave is a mixed use property located in the City of La Mesa. Property consists of two adjacent parcels that have received a parcel map waiver (PMW) to combine two previous lots into one lot. The property currently consists of a four unit apartment complex (2bd/1bath), three commercial units with easy frontage access, and an SFR (2bd/1bath). In the apartment complex, one unit is recently renovated with a tenant, one is nearly complete and the other two are prepped for renovation, but not habitable. One commercial unit is rented and the other two only need modest renovation to re-lease. The SFR also needs some modest renovation to re-lease. With the PMW, a buyer can develop the property into a more robust multi-family property. Tenants will have easy access to transit lines, the 8 freeway and Route 125.
Location
State CA
County San Diego
Area 91942 - La Mesa
Zoning COMMERCIAL
Interior
Fireplace No
Others
Tax ID 4696201200
Financing Cash
Special Listing Condition Third Party Approval
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Bought with Geno Rodriguez • Safe Harbor Money Management