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6935 Hoffman Ave
La Mesa, CA 91941
Renovated 8 Unit Opportunity · Multifamily Property For Sale
·
8 Units
Investment Highlights
- Recent Renovation on Duplex Units
- Large Corner Light Adjacent to Park
- Private Fenced Units with Yards
Executive Summary
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.
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.
Property Facts
| Price Per Unit | $412,375 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.72 AC |
| Cap Rate | 4.99% | Building Size | 6,655 SF |
| No. Units | 8 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1960 |
| Apartment Style | Garden | Parking Ratio | 2/1,000 SF |
| Zoning | R-1 | ||
| Price Per Unit | $412,375 |
| Sale Type | Investment |
| Cap Rate | 4.99% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.72 AC |
| Building Size | 6,655 SF |
| Average Occupancy | 95% |
| No. Stories | 1 |
| Year Built | 1960 |
| Parking Ratio | 2/1,000 SF |
| Zoning | R-1 |
Amenities
Unit Amenities
- Balcony
- Washer/Dryer
- Kitchen
- Refrigerator
- Yard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 6 | - | - |
| 3+1 | 1 | - | - |
Property Taxes
| Parcel Number | 474-353-16 | Improvements Assessment | $974,188 |
| Land Assessment | $1,407,161 | Total Assessment | $2,381,349 |
Property Taxes
Parcel Number
474-353-16
Land Assessment
$1,407,161
Improvements Assessment
$974,188
Total Assessment
$2,381,349
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