Nalren
Open in App

Commercial Property — 4415 Rosebud Ln, La Mesa, CA

$2,495,000

4415 Rosebud Ln, La Mesa, CA

$2,495,000 — 4415 Rosebud Ln, La Mesa, CA — photo 1 $2,495,000 — 4415 Rosebud Ln, La Mesa, CA — photo 2 $2,495,000 — 4415 Rosebud Ln, La Mesa, CA — photo 3 $2,495,000 — 4415 Rosebud Ln, La Mesa, CA — photo 4 $2,495,000 — 4415 Rosebud Ln, La Mesa, CA — photo 5
View in Nalren App Get the App

About this property

5.54% current cap rate with a clear path to 6.23%. Newly priced at $2,495,000, 4415 Rosebud Lane offers 10 La Mesa units at $249,500 per unit, strong in-place income and approximately $109,000 in recent capital improvements, including a new roof, upgraded electrical service and panels, and completed SB 721 work with new stairs, railings and catwalks. The unit mix includes four studios, four 1BR units and two 2BR units, plus PARKING for every apartment, covered parking with storage and on-site laundry. Current operations reflect an 11.15 GRM and 5.54% cap rate, with projected performance of a 10.33 GRM and 6.23% cap rate as leases roll and allowable rent increases are implemented. Conveniently located near La Mesa Village, shopping, parks, transit and freeway access.

Property details

Property type
CommercialSale

Location

4415 Rosebud Ln • La Mesa, CA 91941

More commercial real estate in La Mesa, CA →

Listed by

Christina Labowicz · ACI Apartments

Listing courtesy of ACI Apartments. Information deemed reliable but not guaranteed.

View this listing and thousands more on Nalren — the modern way to discover and connect on real estate.

Are you a local professional? Get found and booked on Nalren.