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3860 American Ave 2 Unit Apartment Building Offered at $940,000 at a 5.58% Cap Rate La Mesa, CA 91941
Investment Highlights
- Large 0.83-acre lot
- 1 BD/1BA estimated 2002 construction
- Strong in place rental income
Executive Summary
Situated on a large 0.83-acre lot, this unique property features two detached residences with strong in-place income. The main residence is an oversized approximately 1,500 SF 3BR/2BA, complemented by a spacious detached 1BR/1BA with garage. With $77,100 in actual GSI, two garages, ample lot area, and two separate homes, the property is well positioned for an investor seeking solid current income or an owner-user looking for flexibility and additional rental income.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $940,000 | Property Type | Multifamily |
| Price Per Unit | $470,000 | Building Size | 2,150 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 5.58% | No. Stories | 1 |
| Gross Rent Multiplier | 12.19 | Year Built/Renovated | 1937/2002 |
| No. Units | 2 |
| Price | $940,000 |
| Price Per Unit | $470,000 |
| Sale Type | Investment |
| Cap Rate | 5.58% |
| Gross Rent Multiplier | 12.19 |
| No. Units | 2 |
| Property Type | Multifamily |
| Building Size | 2,150 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1937/2002 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $3,510 | 1,500 |
| 1+1 | 1 | $2,700 | 650 |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
20/100
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Contact the Sale Advisor
3860 American Ave