$2,785,000
SOLD NOV 6, 2024

4566 Date St La Presa, CA 91977

9 Beds
7 Baths
4,350 Sq Ft
1963 Built

Recently Sold

$640 Per Sq Ft

4% Below List Price

34 Days on Market

About This Home

As of November 2024

Imperial Gardens is a charming 8-unit apartment building situated at 4566 Date Avenue in the heart of La Mesa, California. This well-maintained property features a balanced mix of six spacious two-bedroom units and two generously sized three-bedroom units, providing comfortable living options for a variety of tenants. Nestled in a serene neighborhood, Imperial Gardens offers a peaceful retreat while being conveniently close to local amenities, shopping centers, and recreational facilities. The apartments at Imperial Gardens have been partially renovated, offering a blend of modern updates and classic charm. The renovated units feature updated kitchens with contemporary appliances, refreshed bathrooms, and new flooring, creating a warm and inviting living space. These improvements enhance the overall aesthetic and functionality of the apartments, making them more appealing to potential tenants seeking a comfortable and stylish home. Residents of Imperial Gardens benefit from the property's prime location in La Mesa, a vibrant community known for its friendly atmosphere and excellent schools. The area boasts a variety of parks, dining options, and entertainment venues, providing plenty of activities for individuals and families alike. Additionally, the building is conveniently located near major highways and public transportation, offering easy access to the greater San Diego area.

Last Agent to Sell the Property

Aaron Marcusmillichap

Marcus & Millichap License #01318320 Listed on: 07/24/2024

Co-Listed By

Frank McLin

Heartland Real Estate License #00924501

Last Buyer's Agent

Aaron Marcusmillichap

Marcus & Millichap License #01318320 Listed on: 07/24/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Home Design

  • Clay Roof

Additional Features

  • 2-Story Property
  • Partially Fenced Property

Listing and Financial Details

  • Assessor Parcel Number 470-613-09-00

Community Details

Overview

  • 8 Units
  • Collier Park Community

Building Details

  • Net Operating Income $123,264

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: East County
  • Cross Street: Finley Ave
  • Neighborhood: La Mesa
  • LP / Sq Ft: 14.73
  • Stories: 2 Story
  • Sale Price List Price: 0.96
  • Total Stories: 2
  • Year Built: 1963
  • Allow Comments Review: No
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Partial
  • Roof: Tile/Clay

Utilities

  • Cooling: Central Forced Air

Condo/Co-op/Association

  • Complex Name: Collier Park
  • Community: LA MESA

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Assessor Parcel Number: 470-613-09-00

Multi Family

  • No. of Units: 8
  • Actual Net Operating Income: 123264
  • Annual Expense Actual: 70646
  • Annual Expense Projected: 74522
  • Gross Rent Multiplier Actual: 14.47
  • Gross Rent Multiplier Projected: 10.28
  • Gross Sched Income Actual: 200400
  • Gross Sched Income Projected: 282000
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 8
  • Number Of Units With Dishwashers: 8
  • Number Of Units With Dryers: 8
  • Number Of Units With Range Oven: 8
  • Number Of Units With Refrigerator: 8
  • Number Of Units With Washers: 8
  • Other Income Actual: 3530
  • Other Income Projected: 3530.0

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/06/2024 11/06/24 Sold $2,785,000 -4.0% $640 / Sq Ft
08/28/2024 08/28/24 Pending -- -- --
07/24/2024 07/24/24 For Sale $2,900,000 -- $667 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 240017160

San Diego MLS