5590 5588 Shasta Lane

La Mesa, CA 91942

PRICE REDUCED

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-$100,000 (-4.26%)

$2,250,000

List Price

5

bed Beds

4

shower Baths

2,793 sqft

straighten / sqft

1954

calendar_month Built

Open Houses

Next available: Thursday, November 7th, 2024 2:00 pm - 5:00 pm

Save to Open House Schedule

calendar_month Friday, November 8th, 2024

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Property Description

Ask us how to secure affordable rates on this exceptional newly renovated triplex in a prime location, just one exit from San Diego State University and a short drive to San Diego’s stunning beaches and vibrant downtown. This beautifully updated property currently generates an impressive income of $144,000 per year from tenants, and it comes with approved plans for an additional 1,100 sq. ft. ADU unit, with R3 zoning allowing for up to 20 units with city permitting. Each unit features exquisite finishes by a talented interior designer, private backyards that provide a single-family home feel, individual laundry rooms, high-efficiency appliances, and automated parking gates, all surrounding a spacious courtyard perfect for relaxation and community gatherings. Enjoy easy access to Hwy 8, La Mesa Healthcare Center, and Lake Murray Village, with a variety of dining, grocery, and fitness options nearby. This property boasts low maintenance, no HOA fees, and no rent control, making it an ideal investment in a high-demand rental area. Don’t miss this opportunity—schedule your viewing today.

Listing Information

List Price $2,250,000
Status Active
MLS NDP2409158
HOA $0
Type Residential
Subtype Triplex
Year Built 1954
Lot Size 16,117
Structure Size 2,793
DOM 23
Courtesy Of Coldwell Banker Realty
Listing Agent Madison Khavari DRE#02104934

Interior Features

Laundry Information
Location(s) Common Area, Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Laundry Closet, In Garage, Laundry Room, Outside, Stacked
Bedroom Information
Features Bedroom on Main Level
Total Bedroom
Bedrooms 5
Total Bathroom
Bathrooms 4
Fireplace Information
Features Gas, Gas Starter, Great Room
Additional Information
Additional Features Bedroom on Main Level, Main Level Primary
Cooling Type
Cooling Type Central Air, Ductless, Dual, Electric, ENERGY STAR Qualified Equipment, Gas, High Efficiency, Wall/Window Unit(s)

Exterior Information

Maps

Listing information courtesy of: Madison Khavari, Coldwell Banker Realty 619-433-2826. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 3rd, 2024 at 10:17 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.