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4901 03 Porter Hill Road

La Mesa, CA 91942
  • $2,299,000
  • STATUS: Active
  • ON SITE: 39 Days
  • ID#: PTP2305164
UPDATED: 67 min ago
$2,299,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1947
County:

School Ratings & Info

Listing Agent(s): Saad Hallak of Finest City Homes & Loans (619-569-2592)


Description

Introducing a prime opportunity in the heart of La Mesa a mixed use commercial and residential building with tons of potential. This six unit building, complete with two residential units on the top floor and four retail suites, boasts a brand-new roof and presents an abundance of untapped potential. Nestled in the heart of La Mesa, this property benefits from a central and vibrant location with excellent traffic count and visibility. Situated on a bustling thoroughfare, it is easily accessible and enjoys high foot traffic, making it an ideal hub for businesses of various types. All four commercial units and two residential units are fully occupied. The top floor hosts two residential units. They provide a rare opportunity for owners or tenants to enjoy the vibrant energy of the city while having a serene retreat to call home. The property's new roof and updated facade ensures protection and durability, reducing maintenance costs and providing peace of mind to owners and tenants alike. With La Mesa's growing popularity and development, this property presents incredible upside potential for investors. This mixed use building is a prime investment opportunity in a thriving La Mesa neighborhood. Whether you're looking to establish your own business, lease to others, or enhance your real estate portfolio, this building offers a multitude of possibilities in one of Southern California's most vibrant communities.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2023-11-29T22:29:42.277. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Nelson Team | American Home Realty. Licensed in the State of California, USA.
www.nelsonteamrealestate.com/homes/144582489
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4901 03 Porter Hill Road La Mesa, CA 91942

  • Price: $2,299,000
  • Status: Active
  • On Site: 39 Days
  • Updated: 67 min ago
  • ID#: PTP2305164
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1947
Built
Neighborhood:
91942 - La Mesa
County:
San Diego
Area:
91942 - La Mesa
Property Description
Introducing a prime opportunity in the heart of La Mesa a mixed use commercial and residential building with tons of potential. This six unit building, complete with two residential units on the top floor and four retail suites, boasts a brand-new roof and presents an abundance of untapped potential. Nestled in the heart of La Mesa, this property benefits from a central and vibrant location with excellent traffic count and visibility. Situated on a bustling thoroughfare, it is easily accessible and enjoys high foot traffic, making it an ideal hub for businesses of various types. All four commercial units and two residential units are fully occupied. The top floor hosts two residential units. They provide a rare opportunity for owners or tenants to enjoy the vibrant energy of the city while having a serene retreat to call home. The property's new roof and updated facade ensures protection and durability, reducing maintenance costs and providing peace of mind to owners and tenants alike. With La Mesa's growing popularity and development, this property presents incredible upside potential for investors. This mixed use building is a prime investment opportunity in a thriving La Mesa neighborhood. Whether you're looking to establish your own business, lease to others, or enhance your real estate portfolio, this building offers a multitude of possibilities in one of Southern California's most vibrant communities.
Exterior Features

Construction Materials BlockDrywall Entry Level 1 Lot Features Corner Lot Parking Total 0 Roof Flat Sign On Property YN No

Interior Features

Cooling Wall/Window Unit(s) Cooling YN Yes Heating YN No

Property Features

Anchors Co Tenants Four Retail Units and Two Residential Association Fee 0 Cap Rate 3.5 Common Interest None Electric Standard Gross Scheduled Income 76200 Insurance Expense 1200 Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional1031 ExchangeOwner Will CarryOwner May CarryTrade Net Operating Income 66000 Operating Expense 10300 Property Sub Type Mixed Use Special Listing Conditions Standard Tax Annual Amount 3600 Trash Expense 3600 Utilities Cable ConnectedElectricity Connected Water Source Public Zoning Commercial



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-11-29T22:29:42.277. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Nelson Team | American Home Realty. Licensed in the State of California, USA.
 
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The Nelson Team | American Home Realty
10 Via Del Tesoro
San Clemente CA, 92673
Listing Agent(s): Saad Hallak of Finest City Homes & Loans (619-569-2592)