5590 Shasta ln
La Mesa, CA, 91942
$2,350,000
Beds
0 Baths
SqFt
0.37 Acres
Add
Single Story, beautifully renovated, with future life/minimal near future maintenance and capEx of new construction with plans to add 1,100 sqft, Turnkey Triplex-income property in the sought-after Lake Murray neighborhood near SDSU, Beaches, Downtown. Almost Half a city block flat land, all usable. Very walkable to the lake, Murray Village shopping centers and public transit, this property offers both convenience and luxury. Featuring three Single story luxury homes, each with its own backyard, this property is low-maintenance. The property has been fully renovated, everything is new, soft closing cabinets with crown molding, under mound sinks, quartz countertops, high-efficiency appliances and air conditioning throughout the property. All three units have washer and dryer. Some soundproof walls for privacy, and hot mop waterproofed walk-in showers with beautiful marble. The main house exudes modern elegance, with a spacious courtyard and access to a two-car garage. The backyard has four carports & can accommodate up to seven cars within the gated lot, offering ample parking. Each villa has its own independent backyard and generous storage space, providing privacy and comfort. Currently, the property-generates. $11,000 per month from long-term, month-to-month tenants, with the potential to increase to $12,000 per month and more through mid-term and short-term rentalsThe master suite is utilized as an Airbnb. (Current gross Income is $144,000 per year, Situated on a generous 16,117 SQ FT flat usable lot, this single-story property comes with city approval for a 1,100-square-foot addition ADU, allowing extra income right away. The zoning also permits the development of five additional detached (ADU) accessory dwelling 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. Enjoy nearby dining, grocery and fitness options, all within a short walkable distance. With no HOA, Mello-Roos, or rent control, this high-demand rental area presents a great opportunity. Buyer to cooperate with 1031 exchange . Call or text @ 619-433-2826 or @ 619-452-8248

Property Details

Price:
$2,350,000
MLS #:
NDP2407831
Status:
Active
Baths:
0
Address:
5590 Shasta ln
Type:
Residential Income
Neighborhood:
91942lamesa
City:
La Mesa
Listed Date:
Aug 27, 2024
State:
CA
ZIP:
91942
Lot Size:
16,117 sqft / 0.37 acres (approx)
Year Built:
1954
Ask a Question

See this Listing

Send
  

Mortgage Calculator

 

Schools

Interior

Accessibility Features
2+ Access Exits, Doors – Swing In, No Interior Steps, Parking
Appliances
6 Burner Stove, Built- In Range, Convection Oven, Dishwasher, Electric Oven, Electric Range, Electric Cooktop, E N E R G Y S T A R Qualified Appliances, Free- Standing Range, Disposal, Gas & Electric Range, Gas Oven, Gas Range, Gas Cooktop, Ice Maker, Microwave, Range Hood, Recirculated Exhaust Fan, Refrigerator, Self Cleaning Oven, Vented Exhaust Fan, Water Heater Central, Water Heater, Water Line to Refrigerator
Cooling
Electric, E N E R G Y S T A R Qualified Equipment, Gas, Heat Pump, High Efficiency, Zoned, Ductless
Fireplace Features
Family Room, Gas, Gas Starter, Living Room
Flooring
Concrete, Stone, Tile, Vinyl
Heating
Central, Combination, Electric, Fireplace(s), Heat Pump, High Efficiency, Natural Gas, Ductless
Interior Features
2 Staircases, Beamed Ceilings, Cathedral Ceiling(s), Ceiling Fan(s), Crown Molding, High Ceilings, Living Room Deck Attached, Open Floorplan, Recessed Lighting, Stone Counters, Storage
Window Features
Blinds, Double Pane Windows, Skylight(s)

Exterior

Association Amenities
Hot Water
Community Features
Curbs, Mountainous, Preserve/ Public Land, Sidewalks, Street Lights, Urban, Valley, Biking, Dog Park, Fishing, Hiking, Lake, Park, Watersports
Electric
220 Volts in Garage, 220 Volts in Laundry, 220 Volts, Electricity – On Property, Standard
Fencing
New Condition, Privacy, Security, Stucco Wall, Vinyl, Wood
Foundation Details
Raised
Garage Spaces
2.00
Green Energy Efficient
Appliances, Doors, Roof, Windows
Lot Features
Back Yard, Front Yard, Garden, Landscaped, Lot 10000-19999 Sqft, Level, Near Public Transit, Park Nearby, Value In Land, Yard
Parking Features
Assigned, Auto Driveway Gate, Boat, Carport, Attached Carport, Detached Carport, Deck, Driveway, Concrete, Garage, Oversized, Parking Space, R V Potential
Parking Spots
8.00
Pool Features
None
Roof
Common Roof, Composition, Shingle
Security Features
Automatic Gate, Carbon Monoxide Detector(s), Closed Circuit Camera(s), Fire and Smoke Detection System, Security Lights
Sewer
Public Sewer
Stories Total
1
View
Back Bay, City Lights, Landmark, Neighborhood, Trees/ Woods

Financial

Association Fee
0.00
Utilities
Electricity Connected

Map

Community

Similar Listings Nearby

5590 Shasta ln
La Mesa, CA