4869 Pine St 5 Unit Apartment Building $1,595,000 ($319,000/Unit) 4.03% Cap Rate La Mesa, CA 91942

We are pleased to present 4869–71 Pine Street, a boutique five-unit multifamily property ideally located in the heart of La Mesa (91942)—a stable and highly desirable East County San Diego rental market known as the “Jewel of the Hills.” Located just nine miles east of Downtown San Diego, the property benefits from an 89 Walk Score, offering residents a highly walkable lifestyle with convenient access to neighborhood dining, retail, and everyday amenities
The property features a well-rounded unit mix consisting of four one-bedroom/one-bathroom apartment units and a stand alone two-bedroom/one-bathroom single-family residence with a detached single car garage, appealing to a broad renter demographic. The community offers functional floorplans designed for comfortable everyday living and benefits from professional leasing and management, positioning the asset for consistent tenant demand within the La Mesa submarket.
4869–71 Pine Street is ideally situated near La Mesa Village, where residents enjoy weekly farmers’ markets, the annual Oktoberfest celebration, and a vibrant mix of local dining and retail. Nearby amenities include Harry Griffen Park, home to the popular Sundays at Six summer concert series, and Grossmont Center, the area’s primary shopping destination currently undergoing revitalization. With convenient access to major transportation routes, the property presents a compelling opportunity to acquire a stable, income-producing asset in one of East County San Diego’s most established and community-oriented neighborhoods.