5590-5580 Shasta Lane
La Mesa, CA 91942
$2,350,000
Price
5
Beds
4
Baths
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
Virtual Tour
Virtual Tour
Description
Turnkey Spanish Modern Triplex-income property in the sought-after Lake Murray neighborhood near SDSU, Beaches, Downtown. Single Story, beautifully gutted and completely remodeled, with future life/minimal near future maintenance and capEx on new construction with plans to add 1,100 sqft, 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...Turnkey Spanish Modern Triplex-income property in the sought-after Lake Murray neighborhood near SDSU, Beaches, Downtown. Single Story, beautifully gutted and completely remodeled, with future life/minimal near future maintenance and capEx on new construction with plans to add 1,100 sqft, 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. 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
- Listed by Madison Khavari • DRE #02104934 • Brokerage DRE #00616212 • Coldwell Banker Realty • madison.khavari@cbrealty.com
Property Details for 5590-5580 Shasta Lane
Architectural Style
Mediterranean, Ranch, Spanish, Traditional
ViewBack Bay, City Lights, Landmark, Neighborhood, Trees/Woods
Parking Spaces Total8
Private PoolNo
Cooling TypeDuctless, Electric, ENERGY STAR Qualified Equipment, Gas, Heat Pump(s), High Efficiency, Zoned
Total Units3.0
Building TypeAttached
Lot Size SourcePublic Records
LISTING UPDATED: 09/20/2024 12:42 PM
Property Details for 5590-5580 Shasta Lane
| Status | Active |
|---|---|
| MLS # | NDP2407831 |
| Days on Market | 19 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1954 |
| Lot Size | 0.37 AC / 16,117 SF |
| County | San Diego County |
Virtual Tour
Building Information for 5590-5580 Shasta Lane
Stories1Residences-Year Built1954Building Size-Lot Size0.37 AC / 16,117 SF
Property Information for 5590-5580 Shasta Lane
Rental Info
Rental Info
- Pets Allowed: Call For Rules
Income / Expense / Tax Details
Income Details
- Gross Income: $144,000
- Gross Scheduled Income: $144,000
- Net Operating Income: $129,408
- Garage Rental Rate: $500
- Cap Rate: 5.51
- Financing: Cash, Conventional, Other
Expense Details
- Operating Expense: $14,592
- New Taxes Expense: $0
- Fuel Expense: $0
- Electric Expense: $0
- Insurance Expense: $2,090
- Trash Expense: $960
- Water Sewer Expense: $1,560
- Total Expenses: $4,610
Tax / Assessment Info
- Tax Tract Number: Pm0473
- Tax Lot: 2
Community / Development
Community / Development
- Accessibility Features: 2+ Access Exits, Doors - Swing In, No Interior Steps, Parking
- Disability Access: 2+ Access Exits, Doors - Swing In, No Interior Steps, Other Main Level Modifications
- Association Amenities: Hot Water
- Assessments YN: No
- Assessments: None
- Community Features: Curbs, Mountainous, Preserve/Public Land, Sidewalks, Street Lights, Urban, Valley, Biking, Dog Park, Fishing, Hiking, Lake, Park, Watersports
- Park Name: Lake Murray Community Pake
Property / Structure Info
Interior Features
- Appliances: 6 Burner Stove, Built-In Range, Convection Oven, Dishwasher, Electric Oven, Electric Range, Electric Cooktop, ENERGY STAR 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
- Equipment: Dishwasher, Dryer, Dryer Included, Electric Dryer Hookup, Garage, Gas Dryer Hookup, Gas Or Electric Dryer Hookup, Hookup - Electric, Ice Maker, Laundry Area, Laundry Chute, Laundry Closet Stacked, Microwave, Outside, Recirculated Exhaust Fan, Refrigerator, Stackable W/D Hookup, Vented Exhaust Fan, Washer Hookup, Water Line to Refrigerator
- 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
- Room Type: Family Room, Formal Entry, Kitchen, Laundry, Living Room, Main Floor Bedroom, Main Floor Primary Bedroom, Primary Bathroom, Primary Bedroom, Primary Suite, Separate Family Room, Sun
- Bedroom Features: Main Floor Bedroom
- Water Heater Features: Central Water Heater
- Laundry: Yes
- Laundry Features: Common Area, Dryer Included, Electric Dryer Hookup, Gas & Electric Dryer Hookup, In Garage, Laundry Chute, Outside, Stackable, Washer Hookup, Gas Dryer Hookup
- Fireplace Features: Family Room, Gas, Gas Starter, Living Room
- Fireplace Rooms: Family Room, Gas, Gas Starter, Living Room
- Cooling: Electric, ENERGY STAR Qualified Equipment, Gas, Heat Pump, High Efficiency, Zoned, Ductless
- Heating Type: Central, Combination, Ductless, Electric, Heat Pump, High Efficiency, Natural Gas
- Heating: Central, Combination, Electric, Fireplace(s), Heat Pump, High Efficiency, Natural Gas, Ductless
- Flooring: Concrete, Stone, Tile, Vinyl
- Virtual Tour URL Branded: https://www.youtube.com/embed/VzmZz7xZtbo
- Virtual Tour URL Unbranded: https://s3.amazonaws.com/video.creativeedge.tv/814651-4.mp4
Exterior Features
- Door Features: Double Door Entry, ENERGY STAR Qualified Doors, French Doors, Insulated Doors, Mirror Closet Door(s), Panel Doors, Service Entrance, Sliding Doors, Storm Door(s)
- Window Features: Blinds, Double Pane Windows, Skylight(s)
- Security Features: Automatic Gate, Carbon Monoxide Detector(s), Closed Circuit Camera(s), Fire and Smoke Detection System, Security Lights
- Construction Materials: Brick, Concrete, See Remarks, Stucco
- Exterior Construction: Brick, Concrete, Other, Stucco
- Roof: Common Roof, Composition, Shingle
- Entry Location: Street
- Fence: Yes
- Fence: Privacy, Stucco Wall, Vinyl, Wood
- Fencing: New Condition, Privacy, Security, Stucco Wall, Vinyl, Wood
- Foundation Details: Raised
- Structure Type: House, Multi Family, Triplex
- Other Structures: Shed(s)
- Property Condition: Turnkey, Updated/Remodeled
- View Description: Back Bay, City Lights, Landmark, Trees/Woods
- Waterfront Features: Fishing in Community, Lake
- Pool Features: None
- Pool Description: None
Green Info
- Green Energy Efficient: Appliances, Doors, Roof, Windows
- Green Location: Transportation, Walkability
Land/Lot Info
- Lot Features: Back Yard, Front Yard, Garden, Landscaped, Lot 10000-19999 Sqft, Level, Near Public Transit, Park Nearby, Value In Land, Yard
- Lot Location: Preserve/Public Land, Near Public Transit, Park Nearby
- Number Of Units: 3
- Land Lease: No
- Land Lease Type: Fee
- Road Frontage Type: Maintained, City Street, Access Road
- Levels: One
- Sewer: Public Sewer
- Utilities: Electricity Connected
- Electric: 220 Volts in Garage, 220 Volts in Laundry, 220 Volts, Electricity - On Property, Standard
Parking Info
- Garage Spaces: 2
- Parking: Yes
- Parking Garage: Assigned, Auto Driveway Gate, Boat, Carport, Deck(s), Driveway, Garage, Oversized, Parking Space, RV Possible
- Uncovered Spaces: 2
- Open Other Spaces Total: 2
- Parking Garage Spaces: 2
- Carport Spaces: 4
- Parking Features: Assigned, Auto Driveway Gate, Boat, Carport, Attached Carport, Detached Carport, Deck, Driveway, Concrete, Garage, Oversized, Parking Space, RV Potential
Unit Information
Unit 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 3
- Unit Type Baths Total: 2
- Unit Type Garage Spaces: 2
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $69,600
- Unit Type Total Rent: $69,600
- Unit Type Pro Forma: 70000
- Unit Type Type: 1
Unit 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $3,200
- Unit Type Total Rent: $38,400
- Unit Type Pro Forma: 3200
- Unit Type Type: 2
Unit 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Garage Spaces: 1
- Unit Type Garage Attached: No
- Unit Type Actual Rent: $36,000
- Unit Type Total Rent: $36,000
- Unit Type Pro Forma: 36000
- Unit Type Type: 3
Unit Information
- Number Of Units Leased: 3
- Rent Controlled: No
- Number Of Buildings: 1
- Number Of Separate Electric Meters: 2
- Number Of Separate Gas Meters: 1
- Number Of Separate Water Meters: 1
- Number With Dishwasher: 3
- Number With Range: 3
- Number With Refrigerator: 3
- Number With Disposal: 3
- Number With Drapes: 13
- Number With Patio: 2
- Number Wall AC: 3
Property History for 5590-5580 Shasta Lane
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 5590-5580 Shasta Lane
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 - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Maryland Avenue Elementary School PublicK to 6 | ||
La Mesa Arts Academy Public4 to 8 | ||
Grossmont High School Public9 to 12 | ||
Helix High School Charter9 to 12 |
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.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.
Homes for Sale near La Mesa
Neighborhoods
Cities
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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.
Listing Courtesy of Coldwell Banker Realty, Madison Khavari, DRE #02104934
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by SDMLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 SDMLS®, Inc.