Renovated 8 Unit Opportunity 6935 Hoffman Ave 8 Unit Apartment Building $3,390,000 ($423,750/Unit) 5.63% Cap Rate La Mesa, CA 91941

Exceptional La Mesa 8-unit multifamily opportunity. 6935 Hoffman Ave + 3979-89 King St delivers consistent in-place income supported by a strong unit
mix and long-term tenancy. The improvements include (1) 3-bedroom / 1-bath home, (1) 1-bedroom / 1-bath home, and (6) 2-bedroom
/ 1-bath units across three duplex structures. All units are single story and feature newer appliances and private fenced backyards.
The duplex structures have been extensively renovated down to the studs, including major capital improvements such as newer roofs,
plumbing, electrical, and related systems. These upgrades materially reduce near-term capital expenditure exposure and provide a more
predictable ownership profile.
If interested, Seller also is selling 6935 Bramson Ct 91204 and would explore a portfolio sale at an improved rate.
From a location standpoint, the property is situated on a large .72 acre corner lot and benefits from a well-connected La Mesa setting.
Ideally located near La Mesa Village, Grossmont Center, public transit, and major freeway access providing convenient regional
connectivity throughout San Diego County. The asset is also positioned within close proximity to San Diego State University, further
supporting long-term rental demand in the surrounding area. Altogether, the property offers a compelling combination of stable
income, limited near-term capital needs, and a highly accessible East County location.