Property Details
About this Property
Palm Tree Properties is pleased to present an 8-unit multifamily property located in La Mesa, California. The property consists of (7) two-bedroom units and (1) one-bedroom unit within a single apartment complex constructed in 1958. The asset is 100% occupied and currently operated with a RUBS program in place, allowing for reimbursement of utility expenses. Seven of the eight units have been renovated, with one remaining unit providing additional value-add potential through renovation and rent alignment. At the current level of operations, the property is performing at an estimated 5.23% cap rate. The combination of stabilized occupancy, recent unit upgrades, and partial renovation completion offers a balanced profile of in-place income with remaining upside. The property is located in an established La Mesa rental submarket with consistent demand for two-bedroom units and proximity to major transportation corridors, retail, and employment centers. Additional financial details, rent roll, and underwriting assumptions are available upon request in the Offering Memorandum.
MLS Listing Information
MLS #
SD2600350
MLS Source
San Diego MLS
Days on Site
4
Interior Features
Flooring
Vinyl
Heating
Wall Furnace
Parking, School, and Other Information
Garage/Parking
Other, Garage: Car(s)
Contact Information
Listing Agent
Jensen Escobar
Palm Tree Properties
License #: 02282062
Phone: (510) 314-3718
Co-Listing Agent
Erik Egelko
License #: 01984056
Phone: (805) 415-1914
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 8 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
4280-84 Schoolridge Ln is a Residential Income in La Mesa, CA 91941. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $2,500,000 and was built in –. This address can also be written as 4280-84 Schoolridge Ln, La Mesa, CA 91941.
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This listing information is up-to-date as of January 07, 2026. For the most current information, please contact Jensen Escobar, (510) 314-3718
