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$1,800,000

Beds
Unknown
sq ft
Unknown

7480 El Cajon Blvd, La Mesa, CA 91942

7480 El Cajon Blvd

La Mesa, CA 91942

  • 217 days on market
PRICED TO SELL!!! Incredible opportunity to build a 12+ unit apartment building or acquire a turn-key property in La Mesa! Newly resurfaced asphalt, added turf, palm trees, iron fencing and more! Currently has existing 760 sq/ft retail building with 2 offices/1 bathroom with central AC, camera surveillance and is leased month to month as a car dealership and fits up to 50 cars. Office building has glass offices giving it a modern look. Current rental income is $12,000/month. Keep, or develop this lot into 12 units of apartments, condos, or other commercial uses. All utilities active and running to property. This 13,503 sq/ft corner lot zoned C-D-MU (General Commercial/Urban Design Overlay/Mixed Use Overlay) allows both residential and commercial uses. Centrally located with convenient freeway access. Prime investment opportunity for savvy developers so dont miss out on this opportunity! Motivated sellers! Buyer to do due diligence as all facts deemed liable but not guaranteed.

Details

Property type

Lot size

0.31 acres

Price per sq ft

Unknown

Year built

Unknown

Price History

05/20/2024
SanDiego

SanDiego #NDP2404372

Listed
$1,800,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Synergy San Diego Llc

Loan start date

November 2020

Original loan amount

$650,000

Est. remaining balance

Not provided

Interest rate

2.9%

Loan type

Commercial

Seller

Paiman Gailani

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/23/2024 at 3:55 PM

Listing updated: 07/23/2024 at 6:23 PM

Listed by: Paiman Gailani, Phone #: (858) 756-0048

MLS: SanDiego #NDP2404372

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