Price Reduction
Address
7025 Boulevard Drive, La Mesa, CA
Price
$ 5,295,000
Property Attributes
- MLS#PTP2604512
- TypeMulti-Family
- Listing Status ACTIVE
- CountySAN DIEGO
- CityLa Mesa
- NeighborhoodLa Mesa
- Zip91941
- StyleRes Income 2-4 Units
- Price$ 5,295,000
- Bedrooms3
- Full Bathrooms6
- Half Bathrooms0
- Lot Size0.310354 Acres
Data Source:
San Diego Regional MLS (SDMLS)
Property Description
$250k Price Reduction !!! 7025 Boulevard Dr offers a renovated, turnkey, and desirable 20-unit garden style asset with immediate cashflow, remaining rental upside, and major infrastructure system improvements. The property is ideally situated near major transportation corridors, steps away from the amenity and retail filled University Ave, and provides seasoned investors with the Golden Standard Class B location asset known to provide the strongest aggregate return and operational profile. Current ownership has completed significant capital improvements, eliminating all deferred maintenance and substantially reducing future expenses. Improvements include renovation of 16 units, major electrical system replacement, brand new pitched roofs, epoxy-lined sewer mains, dual-pane windows, and numerous interior and exterior enhancements. The property consists of an ideal & diverse unit mix of (8) 2 Bed / 1 Bath, (8) 1 Bed / 1 Bath, and (4) Studio units. The property further provides an attractive 1:1 parking ratio and gated access. Ownership will benefit from meaningful economies of scale while maintaining the operational simplicity of a low-density garden style asset. The asset currently generates $463,138 GSI yielding a 5.37% in-place cap rate. There is approximately 12% income upside at conservative market rents to produce a forecasted $524,010 GSI and 6.23% market cap rate with minimal additional capital investment required. 7025 Boulevard Drive is strategically situated in what many seasoned San Diego multifamily investors consider the Golden Standard middle market location pr
| Price History | |
|---|---|
| 6/12/2026 | Listed $5,450,000 |
| 7/21/2026 | 1$5,449,000 |
| 8/31/2026 | 3$5,300,000 |
| 9/16/2026 | 1$5,295,000 |
General Features
| HOA Fee | 0.0 |
|---|---|
| Pool Features | N/K |
| Property Subtype | Res Income 2-4 Units |
| County | San Diego |
| Operating Expense | 165483.0 |
| New Construction | No |
| Property Type | Residential Income |
| HOA | No |
| Attached Garage | No |
| Status | ACTIVE |
| Directions | GPS |
| City | La Mesa |
| Senior Community Y/N | No |
| Number Of Units Total | 20 |
| Lot Size Units | Acres |
| Lot Size Square Feet | 13519.0 |
| Property Attached Y/N | No |
| Building Area Units | Sqft |
| Living Area Units | Sqft |
| Standard Status | Active |
| Cap Rate | 5.37 |
| Freehold | IDX |
Interior Features
| Total Stories | 2 |
|---|---|
| Air Conditioning Y/N | No |
| Heating Y/N | No |
| Fireplace Y/N | No |
| Total Bedrooms | 3 |
| Total Baths | 6 |
Exterior Features
| Lot Size Area | 0.3104 |
|---|---|
| Number of Buildings | 2 |
| Building Area Total | 0.0 |
| Waterfront Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 91941
Price
Visits
In The Neighborhood
Just Listed
La Mesa
$ 1,199,999
7560 Normal Ave
La Mesa, CA 91941
- Type
- Multi-Family
- Rooms
- 5 Beds + 3 Baths
Views
La Mesa
$ 1,049,000
4992-4994 Comanche Drive
La Mesa, CA 91942
- Type
- Multi-Family
- Rooms
- 4 Beds + 2 Baths
Reduced
La Mesa
$ 1,248,000
7987-91 Normal Ave
La Mesa, CA 91941
- Type
- Multi-Family
- Rooms
- 5 Beds + 3 Baths
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g.square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with
