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7901 Hillside Dr.

La Mesa, CA 91942
  • $949,900
  • STATUS: ACTIVE
  • ON SITE: 48 Days
  • ID#: 240021891
UPDATED: 36 min ago
$949,900
  • 4
    BEDS
  • 0.15
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 1,558
    SQFT
  • $610
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1960
County:

School Ratings & Info

Description

Looking for the right investment property that checks off so many boxes?! This is the one for you! Whether you’re looking to live in one unit and rent the others, potentially split the lot, buy and hold for cash flow, develop potentially 14 units, or put a dispensary (Conditional use permit already approved), this property offers it all. Each of the 3 units features all new paint, floor, and countertops which makes this property completely move in ready! With the mixed use C-D-MU zoning there’s massive upside potential here with potentially being able to put 14 units here and having the rents from the 3 units help pay holding costs. The property has 2 street frontages on both Hillside and El Cajon Blvd which provides endless opportunities for future development. Located in close proximity to Downtown La Mesa, 8 freeway, El Cajon Blvd and all of the best La Mesa has to offer this is a great opportunity that you won’t want to miss.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.sandiegoareahomesforsale.co/homes/155188769
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7901 Hillside Dr. La Mesa, CA 91942

  • Price: $949,900
  • Status: ACTIVE
  • On Site: 48 Days
  • Updated: 36 min ago
  • ID#: 240021891
4
Beds
3
Baths
0
½ Baths
0.15
Acres
1,558
SQFT
$610
$/SQFT
1960
Built
Neighborhood:
La Mesa
County:
San Diego
Area:
La Mesa (91942)
Property Description
Looking for the right investment property that checks off so many boxes?! This is the one for you! Whether you’re looking to live in one unit and rent the others, potentially split the lot, buy and hold for cash flow, develop potentially 14 units, or put a dispensary (Conditional use permit already approved), this property offers it all. Each of the 3 units features all new paint, floor, and countertops which makes this property completely move in ready! With the mixed use C-D-MU zoning there’s massive upside potential here with potentially being able to put 14 units here and having the rents from the 3 units help pay holding costs. The property has 2 street frontages on both Hillside and El Cajon Blvd which provides endless opportunities for future development. Located in close proximity to Downtown La Mesa, 8 freeway, El Cajon Blvd and all of the best La Mesa has to offer this is a great opportunity that you won’t want to miss.
Exterior Features

Exterior Stucco Fencing Partial Roof MetalOther/Remarks Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Unit3 Exclusive Use Yard No Units With Garages 0 Units With Patios 0

Interior Features

Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 0 Unit1 Laundry Hook Ups No Unit2 Laundry Hook Ups Yes Unit3 Laundry Hook Ups No Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 1 Units With Fireplaces 1 Units With Range Oven 3 Units With Refrigerators 3 Units With Washers 0

Property Features

Actual Cap Rate 0.0 Age Restrictions N/K Annual Expense Actual 0 Annual Expense Projected 0 Association ID San Diego Association of REALTORS (SDAR) Buildings 1 Cfd Mello Roos Fee 0.0 Community LA MESA Complex Park None Known Cross Streets Clearview Way Gross Rent Multiplier Actual 0.0 Gross Rent Multiplier Project 12.82 Gross Scheduled Income Actual 0 Home Owners Fees 0.0 Mandatory Remarks None Known Market Area East County Monthly Total Fees 0 Net Operating Income Projected 77940 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 6.2 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Tenant Pays N/K Terms CashConventionalFHAVA Unit Number For Unit1 A Unit Number For Unit2 B Unit Number For Unit3 C Unit1 Deposit 0 Unit1 Occupied Vacant Unit1 Projected Rent 1935.0 Unit1 Rent Actual 0.0 Unit2 Deposit 0 Unit2 Occupied Vacant Unit2 Projected Rent 2860.0 Unit2 Rent Actual 0.0 Unit3 Deposit 0 Unit3 Occupied Vacant Unit3 Projected Rent 1700 Unit3 Rent Actual 0.0 Zoning Commercial

San Diego MLS logo Listing provided courtesy of Tony Elias of Compass: 619-838-9838. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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Steven G. Fraioli & Associates
13176 Midbluff Ave
San Diego CA, 92128