3743-3753 Fairway Dr | La Mesa, CA 91941
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3743-3753 Fairway Dr
La Mesa, CA 91941
Valle at Fairway · Multifamily Property For Sale
·
68 Units
INVESTMENT HIGHLIGHTS
- Current ownership has invested over $1.1 million in capital improvements on deferred exterior maintenance and interior renovations
- Significant discount to homeownership
- Northmarq estimates a potential average rent premium of $370 per unit (21% increase) compared to unrenovated and partially renovated units.
- Vibrant neighborhood with abundant amenities, including the 925,000 sq. ft. Grossmont Center (2.6 miles away)
PROPERTY FACTS
| No. Units | 68 | Building Size | 56,146 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1968 |
| Building Class | C | Parking Ratio | 1.28/1,000 SF |
| Lot Size | 2.02 AC | ||
| Zoning | C, La Mesa | ||
| No. Units | 68 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.02 AC |
| Building Size | 56,146 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 1.28/1,000 SF |
| Zoning | C, La Mesa |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Disposal
- Ceiling Fans
- Refrigerator
- Carpet
SITE AMENITIES
- Laundry Facilities
- Picnic Area
- Playground
- Pool
- Property Manager on Site
- Energy Star Labeled
- Grill
- Laundry Service
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 5 | $1,560 | 575 |
| Studios | 1 | $1,586 | 575 |
| Studios | 2 | $1,621 | 575 |
| 1+1 | 14 | $1,592 | 659 |
| 1+1 | 14 | $1,837 | 645 |
| 1+1 | 8 | $1,906 | 645 |
| 2+1 | 16 | $1,905 | 825 |
| 2+1 | 2 | $2,171 | 825 |
| 2+1 | 4 | $2,293 | 825 |
| 2+1 | 2 | $2,076 | 1,254 |
PROPERTY TAXES
| Parcel Number | 499-250-46 | Improvements Assessment | $9,424,368 |
| Land Assessment | $6,367,248 | Total Assessment | $15,791,616 |
PROPERTY TAXES
Parcel Number
499-250-46
Land Assessment
$6,367,248
Improvements Assessment
$9,424,368
Total Assessment
$15,791,616
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