Active

4645 Palm Ave

La Mesa CA, 91941

$2,495,000


$402.42 per sqft

Active

3 Beds

6,200 sqft

Commercial

PRICE REDUCED!!! La Palmilla Apartments is a well located asset with a desirable unit mix of three (3) one-bedroom and five (5) two-bedroom apartment homes with ample parking, common laundry facilities, additional storage and secured entry. The offering is a true value-add opportunity with the option of upgrading unit interiors and the building exterior to achieve substantially higher rents. Seller is purchasing upleg and will either close 4645 Palm Avenue as the downleg in an exchange or if necessary effect a reverse exchange. Located in La Mesa's charming historical village with a walk score of 93, the neighborhood is a walker's paradise with a plethora of trendy restaurants, coffee shops, bars and shops along La Mesa Blvd (1.5 blocks from the property). Sprout's Farmers Market is located directly across the street. Residents are also walking distance (0.3 miles) to the nearest Trolley Stop, which is served by the Orange Line and provides traffic free commutes to destinations including Downtown San Diego, SDSU, Mission Valley, UTC and the San Ysidro border.

240017065

MLS ID

July 23, 2024

Listed

August 30, 2024

Updated

Map

4645 Palm Ave
La Mesa CA, 91941

Interior Features

Total Stories

2


Bedrooms

3


Laundry Description

Owned


Fireplace

No


Cooling

Yes


Cooling Description

Wall/Window Unit(s)


Heating

Yes


Heating Description

Radiant

Exterior/Building Features

Other Property Details

Area Name

East County


Days on Market

38


Garage

No


Parking

Spaces


View

No


County

San Diego


Pool

No

Listing History

Date

Event

Price

8/30/2024

Price change

$2,495,000

-5%

Listed by Eric D. Comer, Broker, Eric D Comer,
Listing Contact: 858-369-3083 

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