5590 5588 Shasta ln Open House Save Request In-Person Tour Request Virtual Tour
La Mesa,CA 91942
OPEN HOUSE
Sat Oct 19, 2:00pm - 5:00pm Sun Oct 20, 2:00pm - 5:00pm
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
Exceptional Newly Renovated Triplex in Prime Location Discover this beautifully updated single-story triplex, conveniently located just one exit from San Diego State University and a short drive to San Diego’s stunning beaches and vibrant downtown. Investment Highlights: • Current Income: Generating $12,000/month ($144,000/year) from reliable long-term tenants. • Development Potential: Approved plans for an additional 1,100 sq. ft. ADU unit, with R3 zoning allowing for up to 20 units with city permitting. Property Features: • Fully renovated with exquisite finishes by a talented interior designer. • Each unit boasts private backyards, offering a single-family home feel. • Individual laundry rooms, high-efficiency appliances, and automated parking gates. • Spacious courtyard, perfect for relaxation and community gatherings. Prime Location: Enjoy easy access to Hwy 8, La Mesa Healthcare Center, and Lake Murray Village, with a variety of dining, grocery, and fitness options nearby. Don’t Miss This Opportunity: This property features low maintenance and no HOA fees or rent control, making it an ideal investment in a high-demand rental area. Schedule your viewing today!
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