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8755 Mesa Rd 19 Unit Apartment Building $6,250,000 ($328,947/Unit) 4.12% Cap Rate Santee, CA 92071
Investment Highlights
- Massive Upside In Rents
- Fireplaces In Units
- Pool On Site
- All Large 2 bed/2 Bath Apartment Homes
- Laundry On Site
- Immense Parking Availability (garages/carports & surface)
Executive Summary
South Coast Commercial is pleased to present the Mesa Apartments, a 19-unit multifamily investment located in the supply-constrained Santee submarket of East San Diego County. The property features all 1,000 square foot two-bedroom/two-bathroom units built in 1981. The Mesa Apartments are extremely well parked with garages, carports and surface spaces alike, has laundry and a pool on site and has seen upkeep over the years. It is offered separately and/or in tandem with the adjacent 28 units located at 8546 Graham Terrace which it shares a lot line with. Conveniently situated near major retail corridors, employment centers, and key transportation routes including SR-52 and SR-125, the Mesa Apartments offers investors the opportunity to acquire a cash- flowing asset with massive rental upside. With current rents meaningfully below market, the property is well-positioned for continued rent growth in a submarket characterized by limited new supply and sustained renter demand.
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
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
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 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $6,250,000 | Apartment Style | Low-Rise |
| Price Per Unit | $328,947 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.67 AC |
| Cap Rate | 4.12% | Building Size | 18,833 SF |
| Gross Rent Multiplier | 14 | Average Occupancy | 100% |
| No. Units | 19 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1981 |
| Property Subtype | Apartment | Parking Ratio | 2.65/1,000 SF |
| Zoning | R14 | ||
| Price | $6,250,000 |
| Price Per Unit | $328,947 |
| Sale Type | Investment |
| Cap Rate | 4.12% |
| Gross Rent Multiplier | 14 |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.67 AC |
| Building Size | 18,833 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1981 |
| Parking Ratio | 2.65/1,000 SF |
| Zoning | R14 |
Amenities
Unit Amenities
- Fireplace
- Heating
- Kitchen
- Range
Site Amenities
- Laundry Facilities
- Pool
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 19 | $1,900 | 1,000 |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 383-111-19 | Total Assessment | $1,637,764 |
| Land Assessment | $309,046 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,328,718 | Tax Year | 2025 |
Property Taxes
Parcel Number
383-111-19
Land Assessment
$309,046
Improvements Assessment
$1,328,718
Total Assessment
$1,637,764
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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