4415 Rosebud Ln 10 Unit Apartment Building $3,497,815 CAD ($349,782 CAD/Unit) 5.54% Cap Rate La Mesa, CA 91941

5.54% current cap rate with a clear path to 6.23%. Newly priced at $2,495,000, 4415 Rosebud Lane offers 10 La Mesa units at $249,500 per unit, strong in-place income and approximately $109,000 in recent capital improvements, including a new roof, upgraded electrical service and panels, and completed SB 721 work with new stairs, railings and catwalks.
The unit mix includes four studios, four 1BR units and two 2BR units, plus PARKING for every apartment, covered parking with storage and on-site laundry. Current operations reflect an 11.15 GRM and 5.54% cap rate, with projected performance of a 10.33 GRM and 6.23% cap rate as leases roll and allowable rent increases are implemented. Conveniently located near La Mesa Village, shopping, parks, transit and freeway access.
Well-positioned asset offering strong in-place income with rental upside in one of East County’s most desirable rental markets. La Mesa offers buyers the ideal combination of stable suburban demand and proximity to major San Diego employment hubs. The 91941 area attracts professionals, families, and long-term residents drawn to its walkable village atmosphere, nearby parks and recreation, and convenient freeway access. With strong household incomes, balanced renter demand, and limited new multifamily supply, this pocket of La Mesa provides durable occupancy, consistent rent performance, and long-term appreciation potential, making it a compelling, lower-volatility alternative to higher-priced coastal submarkets.