Active
5590 5580 Shasta ln
La Mesa CA, 91942
C$2,350,000
Active
Multi-family
Built in 1954
Listed by Madison Khavari with Coldwell Banker Realty [email protected]
A Great opportunity in this completely renovated 3 unit property (5590 Frnt & R and 5588) located minutes from downtown and within walking distance of excellent restaurants and shops.Turnkey Spanish Modern Triplex-income property in the sought-after Lake Murray neighborhood near SDSU, Beaches, Downtown. Single Story, with future life/minimal near future maintenance and capEx on new construction with plans to add 1,100 sqft approved to convert courtyard and garage into rentable unit. Almost Half a city block flat lot, all usable. Very walkable to the lake, Murray Village shopping centers and public transit, this property offers both convenience and luxury. Featuring three Single story luxury homes, each with its own backyard, this property is low-maintenance. The property has been fully remodeled, everything is new, soft closing cabinets with crown molding, under mound sinks, quartz countertops, high-efficiency appliances and air conditioning throughout the property. All three units have washer and dryer. Some soundproof walls for privacy, and hot mop waterproofed walk-in showers with beautiful marble. The main house exudes modern elegance, with a spacious courtyard and access to a two-car garage. The backyard has four carports & can accommodate up to seven cars within the gated lot, offering ample parking. Each villa has its own independent backyard and generous storage space, providing privacy and comfort. Currently, the property-generates. $11,000 per month from long-term, month-to-month tenants, with the potential to increase to $12,000 per month and more through mid-term and short-term rentalsThe master suite is utilized as an Airbnb. (Current gross Income is $144,000 per year, Situated on a generous 16,117 SQ FT flat usable lot, this single-story property comes with city approval for a 1,100-square-foot addition ADU, allowing extra income right away. The zoning also permits the development of five additional detached (ADU) accessory dwelling units, or a maximum of thirteen consecutive units through city permitting, an excellent opportunity for future development. With easy access 0.4 miles to hwy 8, La Mesa HealthCare Center, Kaiser Medical, SDSU Medical, MTS buses, and Lake Murray Village. Enjoy nearby dining, grocery and fitness options, all within a short walkable distance. With no HOA, Mello-Roos, or rent control, this high-demand rental area presents a great opportunity. Buyer to cooperate with 1031 exchange . Call or text @ 619-433-2826 or @ 619-452-8248
NDP2407831
MLSⓇ ID
September 1, 2024
Listed
September 21, 2024
Updated
Map
5590 5580 Shasta ln
La Mesa CA, 91942
Interior Features
Total Stories
1
Interior Features
Beamed Ceilings, Ceiling Fan(s), Crown Molding, Cathedral Ceiling(s), High Ceilings, Living Room Deck Attached, Multiple Staircases, Open Floorplan, Stone Counters, Recessed Lighting, Storage, Bedroom on Main Level, Main Level Primary, Primary Suite
Appliances
6 Burner Stove, Built-In Range, Convection Oven, Dishwasher, ENERGY STAR Qualified Appliances, Electric Cooktop, Exhaust Fan, Electric Oven, Electric Range, Free-Standing Range, Gas Cooktop, Disposal, Gas Oven, Gas Range, Ice Maker, Microwave, Refrigerator, Range Hood, Self Cleaning Oven, Vented Exhaust Fan, Water To Refrigerator
Laundry Description
Laundry Chute, Common Area, Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, In Garage, Outside, Stacked
Floor Description
Concrete, Stone, Tile, Vinyl
Fireplace
Yes
Fireplace Description
Family Room, Gas, Gas Starter, Living Room
Cooling
Yes
Cooling Description
Ductless, Electric, ENERGY STAR Qualified Equipment, Gas, High Efficiency, Heat Pump, Zoned
Heating
Yes
Heating Description
Combination, Central, Ductless, Electric, Fireplace(s), High Efficiency, Heat Pump, Natural Gas
Exterior/Building Features
Lot Size
0.37 Acres
Lot Features
Back Yard, Front Yard, Garden, Landscaped, Level, Near Park, Near Public Transit, Value In Land, Yard
Architectual Style
Mediterranean, Ranch, Spanish, Traditional
Roof
Composition, Common Roof, Shingle
Sewer
Public Sewer
Other Property Details
Area Name
91942 - La Mesa
Days on Market
19
Association Amenities
Hot Water
Garage
Yes
Garage Spaces
2
Parking
Attached Carport, Assigned, Boat, Concrete, Carport, Detached Carport, Driveway, Electric Gate, Garage, Oversized, Deck, RV Potential, One Space
Parking Total
8
View
Yes
View Description
Back Bay, City Lights, Landmark, Neighborhood, Trees/Woods
County
San Diego
Pool
No
Pool Features
None
Waterfront
Yes
Lakefront
Yes
Zoning
Zoning: R-3:RESTRICTED MU
Listing History
Date | Event | Price |
---|---|---|
9/1/2024 | Active | — |
Listing Contact: 760-753-5616
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/21/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 9/21/2024 at 3:19 AM UTC