La Mesa, CA 91942,5590 5588 Shasta ln
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La Mesa, CA 91942,5590 5588 Shasta ln
La Mesa, CA 91942,5590 5588 Shasta ln
La Mesa, CA 91942,5590 5588 Shasta ln
La Mesa, CA 91942,5590 5588 Shasta ln
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5590 5588 Shasta ln La Mesa, CA 91942

0.37 Acres Lot


OPEN HOUSE

Sat Oct 19, 2:00pm - 5:00pm

Sun Oct 20, 2:00pm - 5:00pm

UPDATED:

10/15/2024 12:59 PM

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID NDP2407831

Construction Status Updated/Remodeled,Turnkey

HOA Y/N No

Year Built 1954

Lot Size 0.370 Acres

Acres 0.37

Lot Dimensions Public Records

Property Description

Location! Newly renovated Single-Story Triplex (5590 FRNT & REAR and 5588) Centrally located one exit from San Diego State, very walkable to Lake Murray and 10 minutes from San Diego's beautiful beaches & Downtown. Currently, the property-generates, $12,000 per month from long-term, month-to-month tenants. (Current gross Income is $144,000 per year.) There is not one component of this property that has not been redone, from the patios and new windows overlooking huge backyards exquisite finishes put together by a very talented interior designer, this property is a "new build with an old soul". Each home has Private Backyard, lives like single family home and low-maintenance. Everything is new, soft closing cabinets with crown molding, under mound sinks, quartz countertops, high-efficiency appliances, automated gates for parking. Individual laundry rooms for each unit. The main house exudes modern elegance, with a spacious courtyard. You really should see to appreciate. Property future life/minimal near future maintenance is very low. Has approved plans to add 1,100 sqft through conversion of courtyard & garages into ADU 2 bedroom unit right-away for additional income. Almost Half of a city block of land, triplex sitting on a generous 16,117 SQ FT flat usable lot. The backyard has four carports, totals 8 car parking spots, offers ample parking and storage. R3 zoning & lot size also allows for development of 5 additional detached (ADU) units, or a maximum of 10-20 consecutive units up to 5 floors through city permitting, an excellent opportunity for future development. Easy access to hwy 8, La Mesa HealthCare Center, Kaiser Medical, SDSU Medical, MTS buses, and Lake Murray Village location is amazing. Enjoy nearby dining, grocery and fitness options, all within a short distance. With no HOA, Mello-Roos, or rent control, this high-demand rental area presents a great opportunity. 1031 exchange welcome. Call or text @ 619-433-2826 or @ 619-452-8248

Location

State CA

County San Diego

Area 91942 - La Mesa

Building/Complex Name Lake Murray Community Park

Zoning Zoning: R-3:RESTRICTED MU

Rooms

Other Rooms Shed(s)

Ensuite Laundry Laundry Chute, Common Area, Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, In Garage, Outside, Stacked

Interior

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

Laundry Location Laundry Chute,Common Area,Washer Hookup,Electric Dryer Hookup,Gas Dryer Hookup,In Garage,Outside,Stacked

Heating Combination, Central, Ductless, Electric, Fireplace(s), High Efficiency, Heat Pump, Natural Gas

Cooling Ductless, Electric, ENERGY STAR Qualified Equipment, Gas, High Efficiency, Heat Pump, Zoned

Flooring Concrete, Stone, Tile, Vinyl

Fireplaces Type Family Room, Gas, Gas Starter, Living Room

Inclusions 1. Gross Income: $144, 000 2. Gross Rent Multiplier: 16 3. NOI: $129, 408 4. Unit Mix: A) 2-bedroom, 1-bath Home with courtyard/Backyard ($3900 a month) B) 1-bedroom Home with backyard ($2800 a month) C) One large 1-bedroom unit with backyard ($3200 a month) D) Studio with outdoor kitchen ($1900 a month)

Fireplace Yes

Appliance 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, VentedExhaust Fan, Water To Refrigerator

Laundry Laundry Chute, Common Area, Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, In Garage, Outside, Stacked

Exterior

Garage Attached Carport, Assigned, Boat, Concrete, Carport, Detached Carport, Driveway, Electric Gate, Garage, Oversized, Deck, RV Potential, One Space

Garage Spaces 2.0

Carport Spaces 4

Garage Description 2.0

Fence New Condition, Privacy, Security, Stucco Wall, Vinyl, Wood

Pool None

Community Features Biking, Curbs, Dog Park, Hiking, Lake, Mountainous, Preserve/Public Land, Street Lights, Sidewalks, Urban, Valley, Water Sports, Fishing, Park

Utilities Available Electricity Connected

Amenities Available Hot Water

Waterfront Description Lake

View Y/N Yes

View Back Bay, City Lights, Landmark, Neighborhood, Trees/Woods

Roof Type Composition,Common Roof,Shingle

Accessibility Safe Emergency Egress from Home, No Stairs, Parking, Accessible Doors

Parking Type Attached Carport, Assigned, Boat, Concrete, Carport, Detached Carport, Driveway, Electric Gate, Garage, Oversized, Deck, RV Potential, One Space

Total Parking Spaces 8

Private Pool No

Building

Lot Description Back Yard, Front Yard, Garden, Landscaped, Level, Near Park, Near Public Transit, Value In Land, Yard

Dwelling Type House,Multi Family,Triplex

Story 1

Entry Level One

Foundation Raised

Sewer Public Sewer

Architectural Style Mediterranean, Ranch, Spanish, Traditional

Level or Stories One

Additional Building Shed(s)

Construction Status Updated/Remodeled,Turnkey

Others

Senior Community No

Tax ID 4642921700

Security Features Closed Circuit Camera(s),Carbon Monoxide Detector(s),Fire Detection System,Security Gate,Smoke Detector(s),Security Lights

Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, VA Loan

Listing Terms Cash, Conventional, 1031 Exchange, FHA, VA Loan

Financing Cash,Conventional,FHA,Other

Special Listing Condition Standard


California Regional MLS (CRMLS)
Listed by Madison Khavari • Coldwell Banker Realty • madison.khavari@cbrealty.com