La Mesa, CA 91942 4771 68th Street

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Presented By: Lynnor Anderson with Realty ONE Group Pacific; 858-218-4511
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# PT25044811
  • 03/07/2025
  • Request Tour
  • Request Info
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 8
  • Baths • 5
  • SQFT • 3,950
  • Garage • 2

Home Details

This one has it all! A rare investment opportunity to own 4 completely renovated move-in units with a lot that can allow for future development. Located in one of the most loved neighborhoods in La Mesa. Quick access to freeways, schools, SDSU, and shopping. Strong rents and great tenants in place now. The main home is a single-story with a detached 2-car garage and a spacious backyard with a pool. Perfect for an owner-occupant buyer using VA or FHA financing. Gain immediate rental income while offsetting your payment. You have three units in addition to the home. A 2/1 rented at $2,600. Along with 2 1/1's rented at $1,750 and $1,512 a month. The main home's rental potential is $5,300. With all 4 units rented you could bring in as much as $11,162 a month, $133,944 a year! This property has everything investors search for: updated units, spacious interior and exterior spaces, long-term appreciation, and the ability to develop more units down the road. Or convert the 2 car garage into an additional unit now. This property offers you a multitude of options. Be sure to ask for the offering memorandum with all the financial and property details. That way you get a full breakdown of the numbers and why this property checks off all the boxes for your investment portfolio.
Presented By: Lynnor Anderson with Realty ONE Group Pacific; 858-218-4511

Interior Features for 4771 68th Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace FeaturesWoodBurning
Fireplace Y/NYes
FlooringLaminate
Heating Y/NYes
Interior AmenitiesCeilingFans, OpenFloorplan, SolidSurfaceCounters, BedroomOnMainLevel, MainLevelPrimary
Laundry FeaturesWasherHookup, ElectricDryerHookup
Total Stories2
Window FeaturesDoublePaneWindows

Other Rooms

Entry Level1

General for 4771 68th Street

AccessibilityNone
Additional Parcels Y/NNo
AppliancesDishwasher, ElectricRange, ElectricWaterHeater, Disposal, Microwave, Refrigerator, WaterHeater
Architectural StyleMidCenturyModern
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLa Mesa
Community FeaturesCurbs, StreetLights, Sidewalks
Construction MaterialsStucco
CoolingNone
CountySan Diego
Directions8 Freeway to 70th Street to Amherst to 68th St.
DisclosuresPrincipalIsRealEstateLicensed
Electric Expense120.0
Electric On Property Y/NNo
Entry Location1
ExclusionsTenant's personal property
Facing DirectionWest
Fuel Expense0.0
Garage Spaces2.0
Garage Y/NYes
Gross Income133944.0
HOANo
HOA Fee$0.0
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense2184.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, Conventional, Exchange1031, FHA, VaLoan
Lot Size Square Feet13068.0
Lot Size UnitsSquareFeet
MLS Area91942 - La Mesa
MobileHomeRemainsYNNo
Net Operating Income114339.0
New ConstructionNo
Number Of Units Total4
Number of Units Leased3
Open Parking Spaces6.0
Operating Expense19605.0
Pool FeaturesFenced, InGround, Private
PossessionCloseOfEscrow
Property Attached Y/NYes
Property ConditionUpdatedRemodeled
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
RoofComposition
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Subdivision NameLa Mesa
Tax Lot16S
Taxes$7,281
Tenant PaysElectricity
Total Actual Rent5900.0
Trash Expense2820.0
UtilitiesSewerConnected, WaterConnected
ViewNone
Virtual TourClick here
Virtual TourClick here
Water Sewer Expense3840.0
Waterfront Y/NNo
Year Built1980
Year Built SourceAssessor
ZoningR2

Exterior for 4771 68th Street

Building Area Total3950.0
Crops Included Y/NNo
FencingWood
Foundation DetailsRaised, Slab
Horse Y/NNo
InclusionsKitchen appliances in all units
Irrigation Water Rights Y/NNo
Lot FeaturesBackYard, FrontYard, NearPublicTransit, RectangularLot, SprinklerSystem, Yard
Lot Size Acres0.3
Lot Size Area13068.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters4
Number of Separate Gas Meters0
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesCircularDriveway, Garage, OnSite, OffStreet, Oversized, RvAccessParking
Pool Charge2160.0
Private PoolYes
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Total Parking8.0

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $1,995,000
MLS#PT25044811
List Date 03/07/2025
Property Type Multi-Family
Phone 714.742.6515
Request Tour
Request Info
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