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Value-Add Cottage Style Apartment Homes 5015 Comanche Dr 12 Unit Apartment Building $6,281,640 CAD ($523,470 CAD/Unit) 5.05% Cap Rate La Mesa, CA 91942
INVESTMENT HIGHLIGHTS
- Located in One of San Diego’s Strongest Rental Markets ~ La Mesa
- All 3Bedroom Units Each w/ Private Yard, Off-Street Parking, & Washer/Dryer
- Extremely Rare and Unique Asset
- Twelve (12) Cottage Style Apartment Homes (10 Buildings)
- Value Add Opportunity on a Large 41,817sf Lot
- North of El Cajon Blvd Near Shops, Restaurants, and Local Services with Close Proximity to I-8
EXECUTIVE SUMMARY
Located North of El Cajon Blvd in one of San Diego’s strongest rental markets, this unique 12-Unit multifamily community consists of ten (10) separate structures on a large 41,817sf lot. The Cottages on Comanche are twelve (12) 3Bedroom / 1 Bathroom units each with their own private yard, off-street parking, and washer/dryer.
The detached cottage style homes and 27% upside in rental income make this value-add opportunity extremely rare. With proximity to shops, restaurants, local services, and I-8, you won’t want to miss the chance to acquire this incredible community.
The detached cottage style homes and 27% upside in rental income make this value-add opportunity extremely rare. With proximity to shops, restaurants, local services, and I-8, you won’t want to miss the chance to acquire this incredible community.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$497,673
|
$53.17
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$14,931
|
$1.60
|
| Effective Gross Income |
$482,743
|
$51.58
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$165,711
|
$17.70
|
| Net Operating Income |
$317,032
|
$33.87
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $497,673 |
| Annual Per SF | $53.17 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $14,931 |
| Annual Per SF | $1.60 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $482,743 |
| Annual Per SF | $51.58 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $165,711 |
| Annual Per SF | $17.70 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $317,032 |
| Annual Per SF | $33.87 |
PROPERTY FACTS
| Price | $6,281,640 CAD | Apartment Style | Garden |
| Price Per Unit | $523,470 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.96 AC |
| Cap Rate | 5.05% | Building Size | 9,360 SF |
| Gross Rent Multiplier | 12.62 | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1957 |
| Property Subtype | Apartment | Parking Ratio | 2.99/1,000 SF |
| Zoning | R3 - Multi-Family | ||
| Price | $6,281,640 CAD |
| Price Per Unit | $523,470 CAD |
| Sale Type | Investment |
| Cap Rate | 5.05% |
| Gross Rent Multiplier | 12.62 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.96 AC |
| Building Size | 9,360 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1957 |
| Parking Ratio | 2.99/1,000 SF |
| Zoning | R3 - Multi-Family |
AMENITIES
UNIT AMENITIES
- Washer/Dryer Hookup
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 12 | $3,456 CAD | 780 |
1 1
Walk Score®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | 470-091-32 | Improvements Assessment | $3,564,156 CAD (2025) |
| Land Assessment | $1,605,474 CAD (2025) | Total Assessment | $5,169,630 CAD (2025) |
PROPERTY TAXES
Parcel Number
470-091-32
Land Assessment
$1,605,474 CAD (2025)
Improvements Assessment
$3,564,156 CAD (2025)
Total Assessment
$5,169,630 CAD (2025)
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Value-Add Cottage Style Apartment Homes | 5015 Comanche Dr
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