4901-03 Porter Hill Road

La Mesa, CA 91942

$2,249,000
Price
Beds
1,100 Sq. Ft.
$2,045 / Sq. Ft.
1,100
Sq. Ft.
$2,045
per Sq. Ft.

Description

Introducing a prime opportunity in the heart of La Mesa – a mixed use commercial and residential building with tons of potential. This six unit building, complete with two residential units on the top floor and four retail suites, boasts a brand-new roof and presents an abundance of untapped potential. Nestled in the heart of La Mesa, this property benefits from a central and vibrant location with excellent traffic count and visibility. Situated on a bustling thoroughfare, it is easily accessible...Introducing a prime opportunity in the heart of La Mesa – a mixed use commercial and residential building with tons of potential. This six unit building, complete with two residential units on the top floor and four retail suites, boasts a brand-new roof and presents an abundance of untapped potential. Nestled in the heart of La Mesa, this property benefits from a central and vibrant location with excellent traffic count and visibility. Situated on a bustling thoroughfare, it is easily accessible and enjoys high foot traffic, making it an ideal hub for businesses of various types. All four commercial units and two residential units are fully occupied. The top floor hosts two residential units. They provide a rare opportunity for owners or tenants to enjoy the vibrant energy of the city while having a serene retreat to call home. The property's new roof and updated facade ensures protection and durability, reducing maintenance costs and providing peace of mind to owners and tenants alike. With La Mesa's growing popularity and development, this property presents incredible upside potential for investors. This mixed use building is a prime investment opportunity in a thriving La Mesa neighborhood. Whether you're looking to establish your own business, lease to others, or enhance your real estate portfolio, this building offers a multitude of possibilities in one of Southern California's most vibrant communities.
  1. Listed by Saad Hallak • DRE #01745915 • Brokerage DRE #01517238 • Finest City Homes & Loans • saad@saadhallak.com

Property Details for 4901-03 Porter Hill Road

Parking Spaces Total
0
Total Units
6.0
Office Class
C
Lot Size Source
Assessor
Building Area Total
3514
Building Area Units
Square Feet
Stories Total
2
Entry Level
1

Location

Listing Courtesy of Finest City Homes & Loans, Saad Hallak, DRE #01745915
Add your commute
LISTING UPDATED: 02/27/2024 04:40 AM

Property Details for 4901-03 Porter Hill Road

StatusActive
MLS #PTP2305164
Days on Market215
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1947
Lot Size0.07 AC / 3,145 SF
CountySan Diego County

Location

Listing Courtesy of Finest City Homes & Loans, Saad Hallak, DRE #01745915
Add your commute

Building Information for 4901-03 Porter Hill Road

Stories2Residences-Year Built1947Lot Size0.07 AC / 3,145 SF

Payment Calculator

$12,274 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,274

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4901-03 Porter Hill Road

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $76,200
  • Net Operating Income: $66,000
  • Cap Rate: 3.5
Expense Details
  • Operating Expense: $10,300
  • Insurance Expense: $1,200
  • Professional Management Expense: $1,800
  • Trash Expense: $3,600
  • Real Estate Tax Expense: $3,700
  • Total Expenses: $10,300
Tax / Assessment Info
  • Tax Annual Amount: $3,600
Community / Development
Community / Development
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Cooling: Wall/Window Unit(s)
Exterior Features
  • Construction Materials: Block, Drywall Walls
  • Roof: Flat
  • Fence: No
Land/Lot Info
  • Sign on Property: No
  • Lot Features: Corner Lot
  • Current Use: Commercial, Investment, Residential
  • Current Commercial Use: Mixed Use Retail/Residential
  • Utilities: Cable Connected, Electricity Connected
  • Electric: Standard
  • Water Source: Public
Property / Structure Info
  • Building Status: Existing
  • Asset Class: Office, Retail
Unit Information
Unit 1
  • Unit Type Units Total: 600
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,000
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 600
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,025
  • Unit Type Pro Forma: 1600
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 700
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,700
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 450
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $822
  • Unit Type Pro Forma: 1200
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 450
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $840
  • Unit Type Pro Forma: 1200
  • Unit Type Type: 5
Unit 6
  • Unit Type Units Total: 500
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $940
  • Unit Type Pro Forma: 1200
  • Unit Type Type: 6
Unit Information
  • Number Of Buildings: 1

Property History for 4901-03 Porter Hill Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 4901-03 Porter Hill Road

This home is within Grossmont Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 4 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Lemon Avenue Elementary School
PublicK to 6

La Mesa Arts Academy
Public4 to 8

Grossmont High School
Public9 to 12

Sparrow Academy
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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4901-03 Porter Hill Road is a mixed use property for sale in La Mesa, CA 91942. This property was listed for sale on October 20, 2023 by Finest City Homes & Loans, it's currently listed at $2,249,000. This listing's school districts are Grossmont Union High School District, La Mesa-Spring Valley School District. Nearby schools include Lemon Avenue Elementary School, La Mesa Arts Academy and Grossmont High School. 4901-03 Porter Hill Road is a 0-bed, 0-bath, 1,100 sqft mixed use property built in 1947.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Finest City Homes & Loans, Saad Hallak, DRE #01745915

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