4645 Palm Ave

La Mesa, CA 91941

PRICE REDUCED

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-$105,000 (-4.04%)

$2,495,000

List Price

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Property Description

PRICE REDUCED!!! La Palmilla Apartments is a well located asset with a desirable unit mix of three (3) one-bedroom and five (5) two-bedroom apartment homes with ample parking, common laundry facilities, additional storage and secured entry. The offering is a true value-add opportunity with the option of upgrading unit interiors and the building exterior to achieve substantially higher rents. Seller is purchasing upleg and will either close 4645 Palm Avenue as the downleg in an exchange or if necessary effect a reverse exchange. Located in La Mesa's charming historical village with a walk score of 93, the neighborhood is a walker's paradise with a plethora of trendy restaurants, coffee shops, bars and shops along La Mesa Blvd (1.5 blocks from the property). Sprout's Farmers Market is located directly across the street. Residents are also walking distance (0.3 miles) to the nearest Trolley Stop, which is served by the Orange Line and provides traffic free commutes to destinations including Downtown San Diego, SDSU, Mission Valley, UTC and the San Ysidro border.

Listing Information

List Price $2,495,000
Status Active
MLS 240017065SD
HOA $0
Type Commercial
Subtype Mixed Use
Lot Size N/A
Structure Size N/A
DOM 49
Courtesy Of Eric D. Comer, Broker
Listing Agent Eric Comer DRE#00842230

Interior Features

Total Bedroom
Bedrooms N/A
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

Listing information courtesy of: Eric Comer, Eric D. Comer, Broker . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 10th, 2024 at 5:26 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.