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
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. With plenty of room to roam. 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