7425 Waite Dr, La Mesa, CA 91941
Commercial property
Sold August 2025
Listing Agent: Christina Labowicz (DRE #02055851) · Listing Office: ACI Apartments · Contact: 619-299-3000 · Bought with: Dave Plutner · DP Properties · MLS #250020927SD · Source: CRMLS
How this sale compares
7425 Waite Dr sold for $3,700,000 in August 2025, 9.7% under its $4,099,000 list price, after 90 days on the market. It was first listed at $4,150,000.
Figures are MLS-reported closed sales (CRMLS). Nalren does not estimate values.
Description
An exceptional investment opportunity in the heart of La Mesa! Boasting the lowest GRM in the vicinity while also offering 17%+ additional upside in rent! This rare 12-unit townhome-style multifamily property offers private yards or patios for every unit, ample parking, dual pane windows, upgraded flooring and new kitchen cabinets in many of the units. Ideally located with easy access to the 94 Freeway, this well-maintained asset is just minutes from shopping, dining, Home Depot, and the scenic Chollas Lake Park. See this link to the Offering memorandum: https://proposal.aciapartments.com/index.php?ProposalID=wBXmcttJPD3iuBtYIdytLVBeQQiP5Kqz5pbGBLO28sM&ContactID=Bd94YoB9Lwt6TBo5854AC6JtbAEkkyjFjYZqv377sEs#page-4885515
Listing description from the August 2025 sale, as reported to CRMLS.
Sale history