NOT LISTED FOR SALE

4551 Spring St La Mesa, CA 91941

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

Sale Details

Date Sold: November 8, 2022

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

95 Days on Market

Highlights

  • 14 Car Garage
  • La Mesa Arts Academy Rated 9+
  • 5-minute walk to La Mesa Boulevard

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

LeBeau Realty Advisors 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

7,690 Sq Ft Lot

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
  • SDMLS_NumofADUUnits: 6.0
  • 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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2022
Closed on
Oct 20, 2022
Sold by
Bought by
Seller's Agent
David LeBeau
LeBeau Realty Advisors
Buyer's Agent
Daniel Fefferman
Define Real Estate
List Price
$2,900,000
Sold Price
$2,550,000
Premium/Discount to List
-$350,000
-12.07%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,575,000
Interest Rate
0.067%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 2, 2012
Sold by
Bought by

Purchase Details

Closed on
Feb 5, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$715,000
Interest Rate
0.0565%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 2, 2001
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$452,000
Interest Rate
0.0762%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 13, 1995
Sold by
Bought by
Source: Public Records
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,550,000 Chicago Title
$1,165,000 Stewart Title Of California
$1,100,000 First American Title
$565,000 South Coast Title
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,575,000
Previous Owner $756,000
Previous Owner $715,000
Previous Owner $575,000
Previous Owner $452,000
Previous Owner $200,000
Previous Owner $73,299
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $33,685 $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

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