4818 4832 1/2 Palm Avenue

La Mesa, CA 91942

  • 0 Bed(s)
  • 0 Bath(s)
  • 9,408 Sqft
  • 16181
    Sqft(Lot)
$4,650,000

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.

  • Property Type

    Residential Income

  • County

    San Diego

  • Style

    Craftsman

  • AD ID

    50097320

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Property Details

  • Bathroom Information

    • Total Baths: 0

    Water/Sewer

    • Sewer : Public Sewer

    Interior Features

    • Roof : Composition,Shingle
    • Windows: Double Pane Windows
    • Property Appliances: Free-Standing Range,Freezer,Gas Cooking,Gas Oven,Gas Range,Gas Water Heater,Refrigerator,Water Heater

    Cooling Features

    • Wall/Window Unit(s)
    • Air Conditioning

    Heating Source

    • Natural Gas,Wall Furnace
    • Has Heating

    Fireplace

    • Has Fireplace: 0

  • Building Information

    • Year Built: 1946
    • Building Area Total: 9,408
    • Construction: Frame,Plaster,Wood Siding
    • Roof: Composition,Shingle

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.3715
    • Lot Size Source: Public Records
    • Lot Size Square Feet: 16181

  • Listing Price Information

    • Original List Price: 4,650,000
    • Listing Contract Date: 2025-06-03

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 4942511600

  • Garage and Parking

    • Garage Description: Concrete,Door-Single,Garage,On Site,Private,One Space,Unassigned

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Telephone

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 91942 - La Mesa
    • Directions: .
    • Zoning: Parcel 494-251-16-00 zone
    • Source Property Type: Residential Income
    • Area: 91942 - La Mesa

    Building and Construction

    • Property Age: 79
    • Common Walls: 2+ Common Walls
    • Year Built Source: Vendor Enhanced
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
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Copyright © 2025 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

BuyOwner last updated this listing 06/09/2025 @ 01:08

  • MLS: PTP2504161
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 9,408 sqft, 16,181 sized lot, and 14 parking. are nearby neighborhoods.