Looking for a high-performing multifamily property for sale in San Diego County?
If you’re looking for a multifamily property for sale in San Diego, look no further than 7425 Waite Dr, La Mesa. Presenting a rare 12-unit townhome-style property with strong rental upside, private yards or patios for every unit, and one of the most attractive cap rates (5.18%) and GRMs (11.96) in the area, Waite Dr is a truly exciting opportunity that does not come around often.
Property Highlights:
12 Spacious Units – Townhome-style layouts with private outdoor spaces.
Strong Investment Metrics – Lowest GRM (11.96) and highest cap rate (5.18%) among comparable active listings.
Prime Location – Easy access to the 94 Freeway, shopping, dining, Home Depot, and Chollas Lake Park.
Value-Add Potential – Significant rental growth opportunity in a sought-after neighborhood.
Ample Parking & Well-Maintained – Ensuring convenience for tenants and long-term asset value.
Why Invest in La Mesa?
La Mesa is a thriving rental market with strong tenant demand and steady property appreciation. With its mix of suburban charm and urban accessibility, it’s an ideal location for multifamily investments.
Investment Details:
Price: $4,150,000
Address: 7425 Waite Dr, La Mesa, CA 91941
Property Type: Multifamily (Commercial-Residential Income)
Total Units: 12
SqFt of Improvement: 10,150
Cap Rate (Actual/Projected): 5.18% / 5.86%
Gross Multiplier (Actual/Projected): 11.96 / 11.04
Learn More & Schedule a Viewing
For full property details, check out the Offering Memorandum or visit the listing page.
Contact ACI Apartments for more details: 619-299-3000 or admin@aciapartments.com.
It’s not everyday that a multifamily property comes like this comes up for sale in San Diego. Opportunities like this don’t come around often—if you’re looking for a solid investment in a growing market, we’d love to help you make it happen.
