Listed by Brendan Flynn, South Coast Commercial, Inc.,

5547 Shasta Lane

La Mesa, CA, 91941

$3,400,000

$3,400,000
Active
Active
 - For Sale
property_type
Commercial
The Shasta Apartments represent an opportunity for an investor to buy an asset that has a great unit mix, year built and highly desirable location. With current rents at about 71% of market rate, a future owner can also increase cash flow simply by raising rents each year and at each lease turn can reset market rents. Located north of interstate 8, the Shasta apartments are uniquely located near Mission Trails and Lake Murray. The studio units are so large and functional that an owner can also adjust their configuration to represent a 1 bedroom unit with ease.
MLS® ID:
220013560SD
Listed:
5/31/22
Updated:
8/8/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Wall/Window Unit(s)
Heating
Wall Furnace

Exterior/Building Features

Lot Size
0.4 acres lot
Roof
Tile

Other Property Details

Area Name
91941 - La Mesa
Garage
No
Parking
N
Parking Total
22.0
View
N
County
San Diego
Pool
No

 

Listed by Brendan Flynn, South Coast Commercial, Inc.,

Based on information from California Regional Multiple Listing Service, Inc. as of 8/8/22. 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, 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.

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Data last updated 5:29 PM UTC, 8/8/22

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