7125 Waite Drive , La Mesa, CA 91941

In place (current) cap rate of 5.29% Rare opportunity to own well located 12 unit town-homes in the incorporated City of La Mesa, San Diego County, CA. All units are 864 sf 2 bedroom, 1.5 bathrooms. All units offer private back patios. Property is situated on a 21,103 square foot lot with ample onsite parking for 26 vehicles (13 true tandem spaces). The lot is so large, that there could be additional improvements made in the rear. On-site laundry is available (machines are owned). Property is walking distance to the Lemon Grove shopping plaza, a 108,000sf grocery anchored retail center that hosts tenants such as Albertsons, Walgreens, Starbucks and In-N-Out. 5 of the 12 units have already been renovated which means a substantially less budget needed for capital improvements.