NOT LISTED FOR SALE

4551 Spring St La Mesa, CA 91941

8 Beds
4 Baths
6,304 Sq Ft
7,690 Sq Ft Lot

Last Sold November 08, 2022

Last sale price $2,550,000 $405 Per Sq Ft

95 Days on Market

About This Home

As of November 2022

The Spring St Apartments built in 1958, the property consists of eight units and eight garages with an estimated 6,304+/- square feet of rentable living space. The property unit mix is six two bedroom one bath, one three bedroom one bath and one three bedroom two bath units in one, two story residential building. Some of the unit interiors have been updated . The exterior improvements include fresh paint, all new windows. The parking features eight single garages and open parking spaces. The units are separately metered for gas and electricity. Just 2.5 blocks from the historic village of Downtown La Mesa , a vibrant area with new developments, great restaurants, quaint shopping , retail experiences, fitness center, salons, spas , parks and business services. The city puts on a number of seasonal events in the Downtown area such as October fest, Holiday in the Village, weekly Farmers Market and The La Mesa Classic Car show every Thursday throughout the summer. OWNER WILL CARRY A FIRST TRUST DEED.

Last Agent to Sell the Property

David LeBeau

Desert Vista REALTORS License #00988232 Listed on: 07/01/2022

Last Buyer's Agent

Daniel Fefferman

Define Real Estate License #02026109

Property Details

Home Type

  • Multi-Family

Lot Details

  • 7,690

Home Design

  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 8 Bedrooms
  • 6,304 Sq Ft Home
  • 2-Story Property

Parking

  • 14 Car Garage
  • Parking Available

Additional Features

  • 7,690 Sq Ft Lot
  • Number of ADU Units: 6

Community Details

  • 8 Units
  • Operating Expense $62,315

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Unit Levels: 2 Story
  • Property Sub Type: Com-Res Income
  • CapRate: 4.06
  • Co List Office Mls Id: 5497
  • Living Area: 6304.0
  • Structure Type: Apartment
  • FeedTypes: VOW
  • RFModificationTimestamp: 2025-02-15T14:09:20Z
  • FullAddress: 4551 Spring Street
  • ShortSale: No
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 8

Exterior Features

  • Roof: Composition
  • Construction Type: Frame, Stucco

Garage/Parking

  • Parking Features: Garages, Spaces
  • Total Parking Spaces: 14.0

Utilities

  • Laundry Features: Leased

Lot Info

  • Lot Size Sq Ft: 7690.0

Multi Family

  • Number Of Buildings: 1
  • Number Of Units Total: 8
  • Annual Operating Expense: 62315.0
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Property History

Date Event Price List to Sale Price per Sq Ft
11/08/2022 11/08/22 Sold $2,550,000 -12.1% $405 / Sq Ft
10/12/2022 10/12/22 Pending -- -- --
07/08/2022 07/08/22 For Sale $2,900,000 -- $460 / Sq Ft
Source: San Diego MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $33,093 $2,653,020 $1,560,600 $1,092,420
2024 $33,093 $2,601,000 $1,530,000 $1,071,000
2023 $32,281 $2,550,000 $1,500,000 $1,050,000
2022 $18,430 $1,351,862 $522,178 $829,684
2021 $18,304 $1,325,356 $511,940 $813,416
2020 $17,845 $1,311,767 $506,691 $805,076
2019 $17,199 $1,286,047 $496,756 $789,291
2018 $16,601 $1,260,831 $487,016 $773,815
2017 $50 $1,236,110 $477,467 $758,643
2016 $15,599 $1,211,873 $468,105 $743,768
2015 $15,510 $1,193,670 $461,074 $732,596
2014 $15,164 $1,170,289 $452,043 $718,246
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 220017530

San Diego MLS

APN: 494-621-03-00