4771 68th ST new Save Request In-Person Tour Request Virtual Tour
La Mesa,CA 91942
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,950 sqft
Price per Sqft $505
Subdivision La Mesa
MLS Listing ID PT25051250
Bedrooms 8
Full Baths 5
Year Built 1980
Lot Size 0.300 Acres
Property Sub-Type Quadruplex
Property Description
Own a beautiful home in one of San Diego's most loved neighborhoods, La Mesa. And do this while offsetting your mortgage with three income-producing rental units! The main home is a spacious single-story. Complete with a detached 2-car garage, private backyard, pool, and patio. It's move-in ready—perfect for an owner-occupant using VA or FHA financing. Take advantage of the low down payment options they offer. And let rental income help cover your mortgage. The three additional rental units provide immediate income with the following potential:
2-bed, 1-bath (Upstairs Unit): Rented at $2,600/month
1-bed, 1-bath (Downstairs Unit 1): Rented at $1,750/month
1-bed, 1-bath (Downstairs Unit 2): Rented at $1,512/month
Total Rental Income from 3 Units: $5,862/month
Main Home's Rental Potential: $5,300/month
Full Rented Income Potential: $11,162/month ($133,944/year!)
Located minutes from SDSU. Then there is the shopping, dining, top-rated schools, and freeways. This property is in an area with strong rental demand. Plus long-term appreciation potential. Oh and, there's room to add value by converting the 2-car garage into an additional unit. Request the full offering memorandum for financials and details. Video link available. Live in a great home, invest in your future, and build family wealth! All in one incredible property opportunity.
Location
State CA
County San Diego
Area 91942 - La Mesa
Zoning R2
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate
Fireplaces Type Wood Burning
Inclusions Kitchen appliances in all units
Laundry Washer Hookup,Electric Dryer Hookup
Exterior
Parking Features Circular Driveway,Garage,On Site,Off Street,Oversized,RV Access/Parking
Garage Spaces 2.0
Garage Description 2.0
Fence Wood
Pool Fenced,In Ground,Private
Community Features Curbs,Street Lights,Sidewalks
Utilities Available Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
View Y/N No
View None
Roof Type Composition
Building
Lot Description Back Yard,Front Yard,Near Public Transit,Rectangular Lot,Sprinkler System,Yard
Dwelling Type Quadruplex
Story 2
Foundation Raised,Slab
Sewer Public Sewer
New Construction No
Schools
School District La Mesa-Spring Valley
Others
Acceptable Financing Cash,Conventional,1031 Exchange,FHA,VA Loan
Listing Terms Cash,Conventional,1031 Exchange,FHA,VA Loan
Special Listing Condition Standard
Virtual Tour https://youtu.be/bzL774QGly0