Updated 8 months ago on .
JUST LISTED – Prime 12-Unit Townhome Investment in La Mesa!
Prime 12-Unit Townhome Investment in La Mesa!
📍 7425 Waite Dr, La Mesa
💰 $4,150,000
This well-maintained 12-unit townhome-style property offers an excellent opportunity for investors seeking stable cash flow and long-term appreciation. Located in a high-demand rental submarket, this asset stands out with its competitive pricing, strong market fundamentals, and immediate value-add potential.
Among active comparables in the area, this 12-unit property stands out as the superior investment option. It boasts the lowest Gross Rent Multiplier (GRM) (11.96) among available properties while also offering the highest CAP rate (5.18%)—outperforming competitors by nearly 1% in some cases.
Don’t miss out on this rare opportunity!
For more information or to schedule a showing, contact me today.
