Joe McLaughlin / Broker Associate

My Office Listings

4003 Paula St
East County La Mesa 91941

$1,295,000
2-4 Units 6,001 sq. ft. built: 1970

Main Photo: LA MESA Property for sale: 4003 Paula St
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Status:
Active
Prop. Type:
2-4 Units
MLS® Num:
220011337
Year Built:
1970
Variance granted 2-4 Units. Unique opportunity to acquire this parcel in the highly sought-after community of La Mesa. This property includes 2 detached homes. The primary residence is a 3 bed/2 bath fully renovated (in 2021) charming home. The second unit is a fully permitted 1,044 sf 2 bed/2.5 bath detached accessory dwelling unit. This is the dream property for both the investor as well as someone who wants to live in one of the units and rent out the other unit (or even use it as mother-in-law or extended family/friend suite)! The property is ideally located in the City of La Mesa less than 2 miles to the La Mesa Village and 20 minutes from downtown San Diego. SDSU is also less than 4 miles away! 2021 renovations on the primary residence include: Brand new kitchen with island and quartz countertops. New vinyl flooring throughout the home. New appliances include dishwasher and washer dryer units. New ceiling fans, cabinet hardware, lighting, texture, and paint (interior and exterior). Both bathrooms went through full remodels. New doors and sliders to the exterior. Fresh landscaping in the front and the side as well as new fence to secure side yard. New tankless water heater. The newly constructed ADU will obtain its Certificate of Occupancy by June 1, 2022. This home offers a large open floor plan with 2 full on suite bathrooms and a 1/2 bath off of the living area. The home has air conditioning wall units throughout and full height tile in the showers. It is also equipped with solar PV panels on the roof and has its own fully fenced side yard.
Total Floor Area:
6,001 sq. ft.
Lot Size:
4,000-7,499 SF
Lot Size:
6,098.4 sq. ft.
Number of Buildings:
2
Number of Units:
2
Year Built:
1970
Stories:
1 Story
Total Stories:
1
Market Area:
East County
Community:
LA MESA
County:
San Diego
Neighborhood Code:
La Mesa
Name of Complex/Subdivision:
N/A
Mello Roos Fee:
0.0
Monthly Total Fees:
0.0
Other Fees:
0.0
Tenant pays:
Sewer, Water, Cable TV, Electricity, Gas/Propane
Other income:
0
Annual expense actual:
12409
Cap Rate.:
5.43
Gross Rent Multiplier:
15.65
Gross scheduled income:
82728
Unit Number for Unit 1:
4003 Paula
Finished Area for Unit 1:
1,287 sq. ft.
Bedrooms for Unit 1:
3
Number of bathrooms for Unit 1:
2
Full Bathrooms for Unit 1:
2
Half Bathrooms for Unit 1:
0
Deposit for Unit 1:
2995.0
Total Rent for Unit 1:
3294.0
Parking for Unit 1:
Assigned
Unit 1 Exclusive Use Yard:
Yes
Laundry Hook Ups for Unit 1:
Yes
Unit Number for Unit 2:
7132 Hoffm
Finished Area for Unit 2:
1,044 sq. ft.
Bedrooms for Unit 2:
2
Number of bathrooms for Unit 2:
3
Full Bathrooms for Unit 2:
2
Half Bathrooms for Unit 2:
1
Deposit for Unit 2:
3600.0
Total Rent for Unit 2:
3600.0
Garage for Unit 2:
Detached
Parking for Unit 2:
Assigned
Unit 2 Exclusive Use Yard:
Yes
Laundry Hook Ups for Unit 2:
Yes
Number of bathrooms for Unit 3:
0
Number of bathrooms for Unit 4:
0
Hoffman Avenue
Site Influences:
Corner Lot, Street Paved
Complex Features:
Laundry Facilities
Exterior Features:
Stucco
Cooling:
Central Forced Air, Other
Heating:
Forced Air Unit, Other/Remarks
Heating fuel:
Natural Gas
Irrigation:
Sprinklers
Number of Units with Cooling:
2
Number of Units with Dishwashers:
2
Number of Units with Dryers:
2
Number of Units with Fireplaces:
0
Number of Furnished Units:
0
Number of Units with Garages:
1
Number of Units with Patios:
2
Number of Units with Range/Oven:
2
Number of Units with Refrigerators:
2
Number of Units with Washers:
2
Pool:
N/K
Roof:
Composition
Sewer Septic:
Sewer Connected
Water Heater Type:
Gas, Tankless
Water supply:
Meter on Property
Security:
N/K
Fencing:
Full
Topography:
Level
Short Sale:
No
Listing Type:
Exclusive Right (R)
Age Restrictions:
N/K
Sales Restrictions:
N/K
Terms:
Cash, Conventional, Exchange, FHA
Parcel Number:
474-312-11-00
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Data was last updated July 3, 2022 at 09:10 PM (UTC)
Area Statistics
Listings on market:
51
Avg list price:
$925,000
Min list price:
$550,000
Max list price:
$1,795,000
Avg days on market:
42
Min days on market:
1
Max days on market:
2,551
Avg price per sq.ft.:
$94.02
These statistics are generated based on the current listing's property type and located in East County. Average values are derived using median calculations.
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 the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego Multiple Listing Service, Inc.