Eight-Unit Investment Opportunity For Sale in La Mesa! – Renovated, Rented & Ready
Palm Tree Properties is proud to present this outstanding eight-unit multifamily investment opportunity located at 4280–4284 Schoolridge Ln, La Mesa, CA! This fully leased, stabilized apartment complex offers a rare chance to acquire a strong income-producing asset in a prime central location. With 7 of the 8 units fully renovated, this property combines immediate cash flow with clear value-add potential.
Sale Price: $2,500,000
A Prime Turnkey Asset with Immediate Cash Flow & Built-In Upside
This property represents a compelling and opportunity for an investor seeking a stabilized, turnkey asset with clear and immediate value-add potential. The well-maintained building, situated on a generous 7,518 SF lot, features a highly functional and desirable unit mix of seven two-bedroom units and one one-bedroom unit, catering to a broad tenant base.
The extensive renovations completed across seven units are a cornerstone of this offering. These units boast fully updated kitchens and bathrooms alongside modern flooring, allowing them to command strong, market-aligned rents. Crucially, this presents a direct and easily executable value-add play, capturing significant additional rental income and further elevating the property’s overall value.
The investment is further de-risked by its fully leased status, ensuring strong, in-place income and immediate cash flow from day one of ownership. This stable foundation is powerfully supported by its location in a high-demand La Mesa submarket, which consistently experiences a remarkably low vacancy rate, guaranteeing a competitive and resilient rental environment for years to come.
Why This La Mesa Location?
Situated in a quiet residential pocket of La Mesa, this property offers tenants easy access to I-8 and I-94, and is just minutes from downtown La Mesa. The area is surrounded by shopping, restaurants, excellent schools, and parks, making it highly appealing to working professionals, small families, and long-term tenants. The 5-mile radius demographics support strong rental demand with a population of over 265,000, a median household income of $82,000, and an average 2-bedroom rent of $2,150/month. The sub-4% vacancy rate across East County underscores the stability and strength of this rental market.
Why Partner with Palm Tree Properties?
Navigating the dynamic San Diego County multifamily market requires a specialized advisor. Our deep expertise is focused exclusively on identifying and securing prime investment properties—from value-add opportunities with clear upside to stabilized assets generating strong cash flow. We provide our clients with the strategic insight and transactional excellence needed to make informed decisions and achieve outstanding returns.
For More Information:
Erik Egelko
(619) 616-7332 direct | erik@palmtreeproperties.com
DRE# 01984056 | BROKER DRE# 02194966
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