5590 5580 Shasta Ln

La Mesa, CA 91942

$2,350,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1954

calendar_month Built

Open Houses

Next available: Saturday, September 28th, 2024 11:00 am - 2:00 pm • Info

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Property Description

A Great opportunity in this completely remodeled huge 3 Home property (5590 FRNT & REAR and 5588) located one exit from SDSU, very walkable to Lake Murray. 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 plans to add 1,100 sqft through conversion of courtyard and garages as ADU 2 bedroom unit. Almost Half of a city block, 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 and air conditioning throughout the property. 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 with 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 five additional detached (ADU) units, or a maximum of thirteen consecutive units through city permitting, an excellent opportunity for future development. With easy access 0.4 miles 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

Listing Information

List Price $2,350,000
Status Active
MLS NDP2407831
HOA $0
Type Residential Income
Subtype Triplex
Year Built 1954
Lot Size 16,117
Structure Size N/A
DOM 27
Courtesy Of Coldwell Banker Realty
Listing Agent Madison Khavari DRE#02104934

Interior Features

Laundry Information
Location(s) Laundry Chute, Common Area, Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, In Garage, Outside, Stacked
Bedroom Information
Features Bedroom on Main Level
Total Bedroom
Bedrooms N/A
Flooring Information
Material Concrete, Stone, Tile, Vinyl
Fireplace Information
Features Family Room, Gas, Gas Starter, Living Room
Additional Information
Additional 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
Cooling Type Ductless, Electric, ENERGY STAR Qualified Equipment, Gas, High Efficiency, Heat Pump, Zoned

Exterior Information

Other Structures
Structures Shed(s)
View Yes

Maps

Listing information courtesy of: Madison Khavari, Coldwell Banker Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 28th, 2024 at 5:11 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.