Property Detail

Description

An exceptional investment opportunity in the heart of La Mesa! Lowest GRM in the area (11.96) and highest cap rate of comparable active listings (5.18%). This rare 12-unit townhome-style multifamily property offers private yards or patios for every unit, ample parking, and strong rental upside potential. 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. Link to Offering Memorandum: https://proposal.aciapartments.com/cover.php?ProposalID=wBXmcttJPD3iuBtYIdytLVBeQQiP5Kqz5pbGBLO28sM&ContactID=Bd94YoB9Lwt6TBo5854AC6JtbAEkkyjFjYZqv377sEs A great park 2.82 acre park is going in across the street on Waite Drive: https://www.cityoflamesa.us/1693/Future-Park-at-Waite-Drive