5590 5580 Shasta Ln, La Mesa, CA 91942
-
Listed Price :
$2,350,000
-
Beds :
N/A
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Baths :
-
Property Size :
N/A sqft
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Year Built :
1954
Property Description
A Great opportunity in this completely remodeled huge Triplex property (5590 FRNT & REAR and 5588) Centrally located one exit from San Diego State, Mission Trails and 10-20 minutes from San Diego's beautiful beaches. There is not one component of this property that has not been redone, from the decks and new windows overlooking huge backyards exquisite finishes put together by a very talented interior designer, this property is a "new build with an old soul". Everything has been replaced or refurbished from the flooring, heating and air systems, to the roof, decks, windows and everything in between. You really should see to appreciate. Single Story, with future life/minimal near future maintenance and capEx on new construction with approved plans to add 1,100 sqft through conversion of courtyard & garages into ADU 2 bedroom unit. Almost Half of a city block of land, triplex sitting on a generous 16,117 SQ FT flat usable lot. Each unit has a backyard and low-maintenance. Everything is new, soft closing cabinets with crown molding, under mound sinks, quartz countertops, high-efficiency appliances, automated gates for parking. All units have laundry rooms. The main house exudes modern elegance, with a spacious courtyard. The backyard has four carports total of 8 car parking spots, offers ample parking and storage. Currently, the property-generates, $12,000 per month from long-term, month-to-month tenants. With potential to increase income to $13,000 per month through mid-term and short-term rentals, master suite is also utilized as an Airbnb. (Current gross Income is $144,000 per year. Zoning & lot size also allows for development of 5 additional detached (ADU) units, or a maximum of 13-20 consecutive units up to 5 floors through city permitting, an excellent opportunity for future development. With easy access to hwy 8, La Mesa HealthCare Center, Kaiser Medical, SDSU Medical, MTS buses, and Lake Murray Village location is amazing. Enjoy nearby dining, grocery and fitness options, all within a short distance. With no HOA, Mello-Roos, or rent control, this high-demand rental area presents a great opportunity. 1031 exchange welcome. Call or text @ 619-433-2826 or @ 619-452-8248
Interior Features
| Laundry Information |
| Location(s) |
Laundry Chute, Common Area, Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, In Garage, Outside, Stacked |
| Bedroom Information |
| Bedrooms |
N/A |
| Flooring Information |
| Material |
Concrete, Stone, Tile, Vinyl |
| Interior Information |
| Features |
Beamed Ceilings, Ceiling Fan(s), Crown Molding, Cathedral Ceiling(s), High Ceilings, Living Room Deck Attached, Multiple Staircases, Open Floorplan, Stone Counters, Recessed Lighting, Storage, Bedroom on Main Level, Main Level Primary, Primary Suite |
| Cooling Type |
Ductless, Electric, ENERGY STAR Qualified Equipment, Gas, High Efficiency, Heat Pump, Zoned |
Listing Information
| Address |
5590 5580 Shasta Ln |
| City |
La Mesa |
| State |
CA |
| Zip |
91942 |
| County |
San Diego |
| Listing Agent |
Madison Khavari DRE #02104934 |
| Courtesy Of |
Coldwell Banker Realty |
| List Price |
$2,350,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Triplex |
| Structure Size |
N/A |
| Lot Size |
16,117 |
| Year Built |
1954 |
Listing information courtesy of: Madison Khavari, Coldwell Banker Realty. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 2:25 AM 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.
