La Mesa, CA 91942 4985 Comanche Drive

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Presented By: Frank Karako with LPT Realty, Inc.;
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# PTP2502568
  • 04/10/2025
  • Request Tour
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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 • 4
  • SQFT • 2,844

Home Details

4.625% ASSUMABLE VA LOAN & Low Gap on this 4-UNIT MULTIFAMILY offering highly desirable location. Low maintenance building with low operating expenses. Desirable unit mix includes 2 units @ 3BR/1BA & 2 units @ 1BR/1BA. Multiple opportunities to increase rents with minor value-add improvements AND potential to add 4 additional ADU units (Ask to see the ADU feasibility study). Onsite community laundry room provides additional income opportunity. Recently renovated units feature quartz countertops, stainless appliances, & premium flooring. Convenient to tons of shopping, multiple light rail stations (green & orange lines), bus stops, & I-8 freeway. Close to San Diego State, Grossmont College, & Grossmont Hospital. Minutes from popular Cowles Mountain & Lake Murray. Less than 15 miles to the beach! Downtown San Diego is only 10 miles & University City’s “Golden Triangle” major employment hub is only 15 miles—both of which are conveniently accessed by light rail or multiple freeways. Loan assumptions are easier than ever before and closing in near record times! BETTER THAN ZERO DOWN! Enjoy a heavily discounted VA funding fee, NO loan origination fees, and NO lender discount points when assuming. Effectively go back in time by assuming the current loan at the historically low interest rate and the low gap means you can buy for LESS CLOSING COSTS out of pocket compared to a new loan! Profit from substantially expedited principal pay down & lower interest expenses.
Presented By: Frank Karako with LPT Realty, Inc.;

Interior Features for 4985 Comanche Drive

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2

Other Rooms

Entry Level1

General for 4985 Comanche Drive

Additional Parcels Y/NNo
Attached Garage No
Buyer FinancingAssumed, Cash, CashToLoan, Conventional, Va
Cap Rate4.5
Carport Y/NNo
CityLa Mesa
Community FeaturesSuburban
CountySan Diego
DirectionsEl Cajon Blvd to Comanche Dr
Electric Expense0.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income111024.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, Conventional, CalVetLoan, FHA, VaLoan
Lot Size Square Feet7336.0
Lot Size UnitsSquareFeet
MLS Area91942 - La Mesa
MobileHomeRemainsYNNo
Net Operating Income84624.0
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Open Parking Spaces6.0
Operating Expense26400.0
Pool FeaturesNone
Property Attached Y/NYes
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot49
Taxes$0
Tenant PaysTelephone
Total Actual Rent9152.0
Trash Expense0.0
Virtual TourClick here
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built2000
ZoningR-4:MULTIPLE RESIDENTIAL

Exterior for 4985 Comanche Drive

Building Area Total2844.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesPaved, Yard
Lot Size Acres0.1684
Lot Size Area7336.0
Lot Size SourcePublicRecords
Number of Buildings1
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned, Asphalt, Driveway, OnSite, OffStreet, SeeRemarks
Private PoolNo
SpaNo
Total Parking6.0

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $1,899,000
MLS#PTP2502568
List Date 04/10/2025
Property Type Multi-Family
Phone 714.742.6515
Request Tour
Request Info
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