NOT LISTED FOR SALE

4590 Date Ave La Mesa, CA 91941

19 Beds
10 Baths
9,806 Sq Ft
0.28 Acres

Last Sold August 16, 2022

Last sale price $4,051,000 $413 Per Sq Ft

16 Days on Market

Highlights

  • Corner Lot
  • Granite Countertops
  • Cooling System Mounted To A Wall/Window
  • La Mesa Arts Academy Rated A-
  • No HOA
  • Laundry Room

About This Home

As of August 2022

Extremely desirable location near La Mesa Village and all that it has to offer! Your tenants will enjoy the many indoor and outdoor dining experiences, unique shops, Octoberfest, farmer's market and car shows plus grocery store, banking and numerous businesses. This 12 unit apartment building consists of eleven 2 bedroom units and one 1 bedroom unit, all built around a central courtyard offering shaded dining and a barbecue. This corner lot affords loads of street parking and there is a concrete pad with 12 parking spaces in the back of the complex. 8 of the units have been tastefully remodeled with plank flooring, wood cabinetry and granite counters.

Last Agent to Sell the Property

Frank McLin

Heartland Real Estate License #00924501 Listed on: 06/25/2022

Co-Listed By

Aaron Bove

Marcus & Millichap

Last Buyer's Agent

Jeff Diller

South Coast Commercial, Inc. License #01959483

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 0.28 Acre Lot
  • Two or More Common Walls
  • Landscaped
  • Corner Lot

Home Design

  • Property Attached

Interior Spaces

  • 9,806 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Kitchen

  • Granite Countertops
  • Tile Countertops

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 10 Bathrooms

Parking

  • 12 Open Parking Spaces
  • 12 Parking Spaces
  • Parking Available
  • Paved Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • No Heating
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for telephone
  • Legal Lot and Block 1,2 / 7
  • Tax Tract Number 994
  • Assessor Parcel Number 4706131200

Community Details

Overview

  • No Home Owners Association
  • 12 Units

Amenities

  • Laundry Facilities

Building Details

  • 12 Leased Units
  • Rent Control
  • 13 Separate Electric Meters
  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Electric Expense $4,315
  • Gardener Expense $2,400
  • Insurance Expense $3,840
  • Maintenance Expense $11,720
  • Pest Control $735
  • Professional Management Expense $15,000
  • Trash Expense $3,522
  • Water Sewer Expense $3,500
  • New Taxes Expense $38,500
  • Operating Expense $83,532
  • Gross Income $238,622
  • Net Operating Income $145,194

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Assessments: No
  • CapRate: 4.10
  • Price Per Unit: 291667
  • Professional Management Expense: 15000.00
  • Property Attached: Yes
  • Road Frontage Type: Maintained, City Street
  • Road Surface Type: Paved
  • View: No
  • Water Sewer Expenses: 3500.00
  • Zoning: R-4:MULTIPLE RESIDENTIAL
  • Property Type: Residential Income
  • Gardener Expense: 2400.00
  • Parcel Number: 4706131200
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Interior Amenities: Granite Counters, Tile Counters
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate, Carpet, Tile
  • Appliances: No
  • Levels: Two
  • Price Per Square Foot: 413.11

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Concrete, On Site
  • Total Parking Spaces: 12.00
  • Uncovered Spaces: 12.00

Utilities

  • Utilities: Cable Connected, Electricity Connected
  • Heating: No
  • Laundry: Yes
  • Laundry Features: Common Area
  • Pest Control Expense: 735.00
  • Sewer: Public Sewer
  • Trash Expense: 3522.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Corner Lot, Landscaped, Lot 10000-19999 Sqft
  • Lot Size Sq Ft: 12142.00
  • Lot Size Acres: 0.2787

Rental Info

  • Tenant Pays: Telephone

Multi Family

  • Average1 Bed Area: 500 Square Feet
  • Average2 Bed Area: 846 Square Feet
  • Electric Expense: 4315.00
  • Gross Income: 238622.00
  • Gross Scheduled Income: 235800.00
  • Insurance Expense: 3840.00
  • Laundry Equipment Own Lease: Own
  • Laundry Income: 2822.00
  • Lot Size Area: 12142.0000 Square Feet
  • Maintenance Expense: 11720.00
  • Net Operating Income: 145194.00
  • Number Of Separate Electric Meters: 13
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 12
  • Number Of Units Total: 12
  • Number Wall A C: 12
  • Number With Dishwasher: 12
  • Number With Disposal: 12
  • Number With Range: 12
  • Number With Refrigerator: 12
  • Operating Expense: 83532.00
  • Rent Control: Yes
  • Total Actual Rent: 19650.00
  • Total Expenses: 83532.00
  • Vacancy Allowance: 7074
  • Vacancy Allowance Rate: 3.00

Tax Info

  • New Taxes Expense: 38500.00
  • Tax Area: 05003
  • Tax Block: 7
  • Tax Census Tract: 146.02
  • Tax Lot: 1,2
  • Tax Tract: 000994
  • Tax Tract Number: 000994

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
08/16/2022 08/16/22 Sold $4,051,000 +15.7% $413 / Sq Ft
07/11/2022 07/11/22 Pending -- -- --
06/25/2022 06/25/22 For Sale $3,500,000 -- $357 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2204257

California Regional Multiple Listing Service (CRMLS)

APN: 470-613-12-00