4280 Schoolridge Ln., La Mesa, CA 91941
Commercial property · 3 recorded sales since 2015
Sold April 2021
Listing Agent: Terry Moore (DRE #00918512) · Listing Office: Apartment Consultants, Inc. · Contact: 619-299-3000 · Bought with: Erik Egelko · SVN Vanguard · MLS #210002623 · Source: CRMLS
8
Units
4.50%
Cap Rate
$88,309
NOI
7,518 sqft
Lot Size
Commercial property
Type
About this commercial property
Great unit mix of seven 2 bed/1 bath and one 1 bed/1 bath apartments means easy rentals. Built in 1958. La Mesa's high percentage of home ownership implies neighborhood stability. Seller has put about $150k into upgrades. Newer exterior paint. Sloped roof means lower maintenance cost. Steel framed screen doors give residents a greater sense of security. Part of a 6 asset portfolio, all of which are available individually.
Listing description from the April 2021 sale, as reported to CRMLS.
Sale history
$1,955,000
Sold April 2021 · listed $1,975,000, on market February 2021 · MLS #210002623 · Source: CRMLS
Listing Agent: Terry Moore · Listing Office: Apartment Consultants, Inc. · Contact: 619-299-3000 · Bought with: Erik Egelko · SVN Vanguard
$1,695,000
Sold January 2018 · on market September 2017 · MLS #170050312 · Source: CRMLS
Listing Agent: Terry Moore · Listing Office: Apartment Consultants, Inc. · Contact: 619-299-3000 · Bought with: Terry Moore · Apartment Consultants, Inc.
$1,200,000
Sold January 2015 · listed $1,239,000, on market September 2014 · MLS #140051438 · Source: CRMLS
Listing Agent: Terry Moore · Listing Office: Apartment Consultants, Inc. · Contact: 619-299-3000 · Bought with: Terry Moore · Apartment Consultants, Inc.