4818 4832 1/2 Palm AVE, La Mesa, CA 91942 – PTP2504161

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Sean Beattie Jr.

info@seanbeattiejr.com +1(415) 845-8732

$4,650,000

Est. payment - /mo

0.37 Acres Lot

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Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID PTP2504161

HOA Y/N No

Year Built 1943

Lot Size 0.371 Acres

Property Description

This sale includes 2 parcels, located right in the heart of La Mesa Village. On each parcel sits 8 charming, craftsman style units for a total of 16 units. A great mix of 8 two bedroom / one baths, 4 one bedroom / one baths and 4 studios, as well as 14 garages (rented out separately) and leased laundry. Several units at market rate of $1995 for 2br, $1695 for 1br, $1595 for studios, but many below with room for increased revenue. This property presents a very unique opportunity for future development. Parcel 494-251-16-00 zoned CD-D, intended to accommodate development that permits high density and mixed use. Parcel 494-251-15-00 zoned R3. These parcels were originally one, but were split into two in 1966 and County Recorder states they can be combined again into one parcel per a combination request through SDARCC. La Mesa is building up! Located steps to the La Mesa Village which boasts shopping, dining, entertainment and transportation. More than a town, a lifestyle, with gyms, Pilates and yoga studios, Farmers' Market every Friday, trending restaurants and coffee shops. Just strolling distance away is the fully reimagined Collier Park which features brand new pickleball and tennis courts, playground, green spaces and covered areas for community gatherings, picnics and more! La Mesa Village is also home to the La Mesa Oktoberfest, Holiday in the Village, Taste of La Mesa Village and the La Mesa Classic Car Show! A chance to own an established complex, with long term tenants and strong rent rates. Or, the potential opportunity to create something new and expansive in a growing San Diego hotspot. All roofs replaced 2023/2024. Whole property painted 2023. Interior photos are of most recent vacancies. Many long term tenants, as long as 25 years. Existing electrical utilizes fuses. Recent upgrades have been made, but more may be desired. Raised walkways have not been certified in compliance with the upcoming AB-2579 2026 deadline. Property to be sold on an “as-is, where-is” basis. All information provided is deemed reliable, but not guaranteed. Buyer and Buyer's agent to verify all information, including but not limited to zoning and development potential, prior to COE.

Location

State CA

County San Diego

Area 91942 - La Mesa

Building/Complex Name Palm Villa

Zoning Parcel 494-251-16-00 zone

Interior

Heating Natural Gas, Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Free-Standing Range, Freezer, Gas Cooking, Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Water Heater

Laundry Common Area

Exterior

Parking Features Concrete, Door-Single, Garage, On Site, Private, One Space, Unassigned

Garage Spaces 14.0

Garage Description 14.0

Pool None

Community Features Curbs, Street Lights, Sidewalks, Urban, Park

Utilities Available Overhead Utilities

View Y/N No

Roof Type Composition,Shingle

Total Parking Spaces 26

Private Pool No

Building

Lot Description 0-1 Unit/Acre, Sprinklers In Front, Level, Near Park, Near Public Transit, Sprinkler System, Value In Land, Walkstreet

Story 2

Sewer Public Sewer

Architectural Style Craftsman

New Construction No

Others

Senior Community No

Tax ID 4942511600

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by Jacqueline Cono-Clippinger • Real Net Inc. • jc@realnetpm.com

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Sean Beattie Jr.

+1(415) 845-8732

Agent | CA DRE# 01944311

Agent CA DRE# 01944311

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4818 4832 1/2 Palm AVE La Mesa, CA 91942

Sean Beattie Jr.

Key Details

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Interior

Exterior

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