4626-28 Edenvale Avenue

La Mesa, CA 91941

$1,550,000
Price
9
Beds
8
Baths
2,123 Sq. Ft.
$730 / Sq. Ft.
2,123
Sq. Ft.
$730
per Sq. Ft.

Description

Located in the heart of Historic Downtown La Mesa, surrounded by charming single-family homes, is a unique opportunity to own an income producing duplex with plans to develop two additional units with west facing valley views. Tenants and owners alike enjoy a highly walkable location near La Mesa Blvd where an assortment of restaurants and shopping lends a small-town atmosphere where neighbors wave to one another while walking their pets or returning from grocery shopping. The in-place duplex consists...Located in the heart of Historic Downtown La Mesa, surrounded by charming single-family homes, is a unique opportunity to own an income producing duplex with plans to develop two additional units with west facing valley views. Tenants and owners alike enjoy a highly walkable location near La Mesa Blvd where an assortment of restaurants and shopping lends a small-town atmosphere where neighbors wave to one another while walking their pets or returning from grocery shopping. The in-place duplex consists of (2) three-bedroom, two bath units featuring upgraded flooring, cabinets, ceiling fans, A/C, and views to the south from an elevated deck, and (2) single car garages. The proposed ADU development will expand the income producing potential with a two-bedroom, one bath ground level unit, and an upstairs one bedroom one bathroom, both with expansive views to the west. Both units feature in-unit laundry, off-street parking, and private outdoor space. Take advantage of this opportunity to add value to a rare infill opportunity while enjoying revenue from an existing source rental income!
  1. Listed by James Nelson • DRE #01852936 • Brokerage DRE #01481919 • Coldwell Banker West

Property Details for 4626-28 Edenvale Avenue

Parking Spaces Total
2
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2123
Assessor Parcel Number
494-661-10-00
Property Attached YN
true

Location

Listing Courtesy of Coldwell Banker West, James Nelson, DRE #01852936
Add your commute
LISTING UPDATED: 05/29/2024 05:57 AM

Property Details for 4626-28 Edenvale Avenue

StatusActive
MLS #PTP2402799
Days on Market19
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2018
Lot Size0.19 AC / 8,220 SF
CountySan Diego County

Location

Listing Courtesy of Coldwell Banker West, James Nelson, DRE #01852936
Add your commute

Building Information for 4626-28 Edenvale Avenue

Stories1Residences-Year Built2018Building Size-Lot Size0.19 AC / 8,220 SF

Payment Calculator

$8,459 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,459

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4626-28 Edenvale Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $78,000
  • Gross Scheduled Income: $78,000
  • Net Operating Income: $46,250
  • Cap Rate: 3.0
Expense Details
  • Operating Expense: $22,510
  • New Taxes Expense: $18,600
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $2,500
  • Trash Expense: $360
  • Water Sewer Expense: $1,050
  • Total Expenses: $22,510
Tax / Assessment Info
  • Tax Tract Number: 149.01
  • Tax Lot: 05003
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
Exterior Features
  • Entry Location: 1
  • Fence: No
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Rectangular Lot
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
Parking Info
  • Garage Spaces: 2
  • Parking: No
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: Yes
  • Unit Type Actual Rent: $3,500
  • Unit Type Total Rent: $3,500
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,000
  • Unit Type Total Rent: $3,000
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 2700
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number With Drapes: 2
  • Number With Patio: 2

Property History for 4626-28 Edenvale Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 4626-28 Edenvale Avenue

This home is within Grossmont Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 4 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Lemon Avenue Elementary School
PublicK to 6

La Mesa Arts Academy
Public4 to 8

Mount Miguel High School
Public9 to 12

Sparrow Academy
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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4626-28 Edenvale Avenue is a multi-family home for sale in La Mesa, CA 91941. This property was listed for sale on April 18, 2024 by Coldwell Banker West, it's currently listed at $1,550,000. This listing's school districts are Grossmont Union High School District, La Mesa-Spring Valley School District. Nearby schools include Lemon Avenue Elementary School, La Mesa Arts Academy and Mount Miguel High School. 4626-28 Edenvale Avenue is a 9-bed, 8-bath, 2,123 sqft multi-family home built in 2018.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker West, James Nelson, DRE #01852936

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