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  4. 4818 Palm Avenue, La Mesa, CA 91942
Property Photos
4818 Palm Avenue
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Virtual Tour
More Like This
  • MLS#: PTP2504161 ( )
  • Street Address: 4818 Palm Avenue
  • Viewed: 7
  • Price: $4,650,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1946
  • Bldg sqft: 0
  • Days On Market: 16
  • Additional Information
  • County: SAN DIEGO
  • City: La Mesa
  • Zipcode: 91942
  • Provided by: Real Net Inc.
  • Contact: Jacqueline Jacqueline
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    This sale includes 2 parcels, located right in the heart of La Mesa Village. On each parcel sits 8 charming, craftsman style units for a total of 16 units. A great mix of 8 two bedroom / one baths, 4 one bedroom / one baths and 4 studios, as well as 14 garages (rented out separately) and leased laundry. Several units at market rate of $1995 for 2br, $1695 for 1br, $1595 for studios, but many below with room for increased revenue. This property presents a very unique opportunity for future development. Parcel 494 251 16 00 zoned CD D, intended to accommodate development that permits high density and mixed use. Parcel 494 251 15 00 zoned R3. These parcels were originally one, but were split into two in 1966 and County Recorder states they can be combined again into one parcel per a combination request through SDARCC. La Mesa is building up! Located steps to the La Mesa Village which boasts shopping, dining, entertainment and transportation. More than a town, a lifestyle, with gyms, Pilates and yoga studios, Farmers' Market every Friday, trending restaurants and coffee shops. Just strolling distance away is the fully reimagined Collier Park which features brand new pickleball and tennis courts, playground, green spaces and covered areas for community gatherings, picnics and more! La Mesa Village is also home to the La Mesa Oktoberfest, Holiday in the Village, Taste of La Mesa Village and the La Mesa Classic Car Show! A chance to own an established complex, with long term tenants and strong rent rates. Or, the potential opportunity to create something new and expansive in a growing San Diego hotspot. All roofs replaced 2023/2024. Whole property painted 2023. Interior photos are of most recent vacancies. Many long term tenants, as long as 25 years. Existing electrical utilizes fuses. Recent upgrades have been made, but more may be desired. Raised walkways have not been certified in compliance with the upcoming AB 2579 2026 deadline. Property to be sold on an as is, where is basis. All information provided is deemed reliable, but not guaranteed. Buyer and Buyer's agent to verify all information, including but not limited to zoning and development potential, prior to COE.
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Features
Additional Parcels Description
  1. 4942511500
Appliances
  1. Free-Standing Range
  2. Freezer
  3. Gas Cooking
  4. Gas Oven
  5. Gas Range
  6. Gas Water Heater
  7. Refrigerator
  8. Water Heater
Architectural Style
  1. Craftsman
Assessments
  1. Buyer to Verify
  2. Unknown
Association Fee
  1. 0.00
Building Area Total
  1. 9408.00
Common Walls
  1. 2+ Common Walls
Construction Materials
  1. Frame
  2. Plaster
  3. Wood Siding
Cooling
  1. Wall/Window Unit(s)
Garage Rental Rate
  1. 195.00
Garage Spaces
  1. 14.00
Heating
  1. Natural Gas
  2. Wall Furnace
Insurance Expense
  1. 27000.00
Laundry Equipment Own Lease
  1. Lease
Laundry Features
  1. Common Area
  2. Community
Laundry Income
  1. 2100.00
Lot Features
  1. 0-1 Unit/Acre
  2. Lot 10000-19999 Sqft
  3. Level
  4. Near Public Transit
  5. Park Nearby
  6. Sprinkler System
  7. Sprinklers In Front
  8. Utilities - Overhead
  9. Value In Land
  10. Walkstreet
Netoperatingincome
  1. 200900.00
Newtaxesexpense
  1. 59000.00
Number Of Rentedgarages
  1. 10
Number Of Separate Electric Meters
  1. 16
Number Of Separate Gas Meters
  1. 16
Number Wallac
  1. 16
Number With Range
  1. 16
Number Wit Hrefrigerator
  1. 16
Parcel Number
  1. 4942511600
Parking Features
  1. Concrete
  2. Garage
  3. Garage - Single Door
  4. On Site
  5. Parking Space
  6. Private
  7. Unassigned
Park Name
  1. Palm Villa
Pool Features
  1. None
Professionalmanagementexpense
  1. 30100.00
Road Frontage Type
  1. Maintained
  2. City Street
Roof
  1. Composition
  2. Shingle
Sewer
  1. Public Sewer
Sourcesystemkey
  1. 400092557:CRP
Tenant Pays
  1. Telephone
Totalactualrent
  1. 25903.00
Totalexpenses
  1. 143027.00
Trash Expense
  1. 4967.00
Uncovered Spaces
  1. 12.00
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/crmls/PTP2504161
Water Sewer Expense
  1. 7236.00
Window Features
  1. Double Pane Windows
Year Built
  1. 1946
Zoning
  1. Parcel 494-251-16-00 zone
Equal Housing Opportunity

Based on information from California Regional Multiple Listing Service, Inc. as of Jun 19, 2025. 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. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Display of MLS data is usually deemed reliable but is NOT guaranteed accurate.
Datafeed Last updated on June 19, 2025 @ 12:00 am
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