-
Listed Price :
$2,350,000
-
Beds :
N/A
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Baths :
-
Property Size :
N/A sqft
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Year Built :
1954
Property Description
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
Interior Features
| Laundry Information |
| Location(s) |
Laundry Chute, Common Area, Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, In Garage, Outside, Stacked |
| Bedroom Information |
| Features |
Bedroom on Main Level |
| Bedrooms |
N/A |
| Flooring Information |
| Material |
Concrete, Stone, Tile, Vinyl |
| Interior Information |
| 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 |
| Cooling Type |
Ductless, Electric, ENERGY STAR Qualified Equipment, Gas, High Efficiency, Heat Pump, Zoned |
Listing Information
| Address |
5590 5580 Shasta Ln |
| City |
La Mesa |
| State |
CA |
| Zip |
91942 |
| County |
San Diego |
| Listing Agent |
Madison Khavari DRE #02104934 |
| Courtesy Of |
Coldwell Banker Realty |
| List Price |
$2,350,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Triplex |
| Structure Size |
N/A |
| Lot Size |
16,117 |
| Year Built |
1954 |
Listing information courtesy of: Madison Khavari, Coldwell Banker Realty. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 21st, 2024 at 2:56 AM 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.
