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The Arches 4940 Comanche Dr 18 Unit Apartment Building $4,700,000 ($261,111/Unit) 5.05% Cap Rate La Mesa, CA 91942
Investment Highlights
- PRICE REDUCTION The Arches is an 18 -unit apartment building in a great La Mesa location. It has been well managed and has a history of low vacancy.
- Priced to sell at $4,700,000
Executive Summary
Rare find in La Mesa! Great location! 5.05 Cap Rate on actual rents. Perfect Value Add opportunity! Price just reduced to $4,700,000! Seller says sell!
A well-maintained, well-managed, 18-unit property close to downtown La Mesa. Great Mix. Priced to sell at $261,111/unit.
Although it has been updated as needed, it's a perfect property to take to the next level! VALUE ADD. Rehab kitchens and bathrooms and
raise rents accordingly. Great cash flow opportunity!
A well-maintained, well-managed, 18-unit property close to downtown La Mesa. Great Mix. Priced to sell at $261,111/unit.
Although it has been updated as needed, it's a perfect property to take to the next level! VALUE ADD. Rehab kitchens and bathrooms and
raise rents accordingly. Great cash flow opportunity!
Data Room Click Here to Access
Property Facts
| Price | $4,700,000 | Apartment Style | Low-Rise |
| Price Per Unit | $261,111 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.46 AC |
| Cap Rate | 5.05% | Building Size | 10,640 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 96% |
| Gross Rent Multiplier | 11.9 | No. Stories | 2 |
| No. Units | 18 | Year Built | 1966 |
| Property Type | Multifamily | Parking Ratio | 1.39/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | MR-1500, San Diego - Commercially zoned in a predominantly single family area, with shops, schools, and major transportation near by. | ||
| Price | $4,700,000 |
| Price Per Unit | $261,111 |
| Sale Type | Investment |
| Cap Rate | 5.05% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 11.9 |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 10,640 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built | 1966 |
| Parking Ratio | 1.39/1,000 SF |
| Zoning | MR-1500, San Diego - Commercially zoned in a predominantly single family area, with shops, schools, and major transportation near by. |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Disposal
- Ceiling Fans
- Carpet
- Vinyl Flooring
Site Amenities
- Courtyard
- Laundry Facilities
- Pool
- Property Manager on Site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 14 | $1,750 | 520 - 7,280 |
| 2+2 | 4 | $1,900 | 840 - 3,360 |
1 1
Walk Score®
Very Walkable (79)
Property Taxes
| Parcel Number | 469-160-09 | Improvements Assessment | $1,757,935 |
| Land Assessment | $1,438,311 | Total Assessment | $3,196,246 |
Property Taxes
Parcel Number
469-160-09
Land Assessment
$1,438,311
Improvements Assessment
$1,757,935
Total Assessment
$3,196,246
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The Arches | 4940 Comanche Dr
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