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Chris Jones

chris@jonesrealtygroupsd.com +1(619) 405-9847

$ 1,200,000

Est. payment | -/mo

7,832 Sqft Lot

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$ 1,200,000

Est. payment | -/mo

Save Virtual Tour

7,832 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID NDP2603898

HOA Y/N No

Year Built 2015

Lot Size 7,832 Sqft

Property Sub-Type Duplex

Property Description

Prime Multi-Unit Investment Opportunity in La Mesa Colony, San Diego. This exceptional real estate opportunity is situated in the highly desirable La Mesa Colony neighborhood of San Diego, offering a rare combination of immediate rental potential and significant development upside. The expansive ~7,800 SF lot currently hosts two fully detached residences, providing the ultimate setup for a high-yield investment or a multi-generational living arrangement. With current local density and ADU guidelines, there is a clear potential to add on to the property, maximizing the long-term ROI of the site. The main residence is a well-proportioned 3-bedroom, 2-bathroom home totaling 1,041 SF of living space, while the second detached unit offers a comfortable 2-bedroom, 1-bathroom layout. Both homes are designed for modern convenience and privacy, featuring their own private entries, separate outdoor spaces, and the highly sought-after convenience of in-home laundry. Furthermore, a detached two-car garage provides secure parking or storage, supplemented by dedicated on-site parking for each individual unit. Strategic location is a cornerstone of this property's value, as it sits in a low-vacancy submarket driven by its proximity to major San Diego landmarks. Students and faculty will appreciate being less than 3 miles from San Diego State University (SDSU), while commuters will benefit from being minutes away from the 70th Street Trolley Station and nearby transit hubs. This central location ensures seamless access to Downtown San Diego, Mission Valley, and the local charm of La Mesa Village. Both units are planned to be delivered entirely vacant upon the close of escrow, providing a turn-key transition for new owners to immediately place tenants at current market rates. Whether you are looking to capitalize on the high demand for housing near SDSU or intend to utilize the large lot for further development, this La Mesa Colony property represents one of the most versatile investment opportunities currently on the San Diego market.

Location

State CA

County San Diego

Area 92115 - San Diego

Zoning R-2: Minor Multiple

Interior

Fireplace No

Laundry In Kitchen, Laundry Room

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Curbs, Gutter(s), Street Lights, Sidewalks, Urban

View Y/N No

Total Parking Spaces 5

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Sewer Public Sewer

New Construction No

Others

Senior Community No

Tax ID 4690721200

Acceptable Financing Cash, Conventional, 1031 Exchange, FHA, VA Loan

Listing Terms Cash, Conventional, 1031 Exchange, FHA, VA Loan

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/crmls/NDP2603898

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Listed by James Hilgesen HomePERQs, Inc 760-685-2637, DRE #01968748

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(619) 405-9847

chris@jonesrealtygroupsd.com

San Diego, USA

84 Amherst ST San Diego, CA 92115

Chris Jones

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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84 Amherst ST