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4280-84 Schoolridge Ln, La Mesa, CA 91941

Local realty services provided by:CENTURY 21 Affiliated
4280-84 Schoolridge Ln,La Mesa, CA 91941
$2,500,000
  • - Beds
  • - Baths
  • 6,500 sq. ft.
  • Multi-family
  • Active
Listed by: jensen i escobar, erik egelko
Office: palm tree properties
MLS#:2600350
Source:San Diego MLS via CRMLS

Price summary

  • Price:$2,500,000
  • Price per sq. ft.:$384.62

About this home

Palm Tree Properties is pleased to present an 8-unit multifamily property located in La Mesa, California. The property consists of (7) two-bedroom units and (1) one-bedroom unit within a single apartment complex constructed in 1958. The asset is 100% occupied and currently operated with a RUBS program in place, allowing for reimbursement of utility expenses. Seven of the eight units have been renovated, with one remaining unit providing additional value-add potential through renovation and rent alignment. At the current level of operations, the property is performing at an estimated 5.23% cap rate. The combination of stabilized occupancy, recent unit upgrades, and partial renovation completion offers a balanced profile of in-place income with remaining upside. The property is located in an established La Mesa rental submarket with consistent demand for two-bedroom units and proximity to major transportation corridors, retail, and employment centers. Additional financial details,

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Home facts

  • Listing ID #:2600350
  • Added:1 day(s) ago
  • Updated:January 08, 2026 at 03:32 PM

Rooms and interior

  • Living area:6,500 sq. ft.

Heating and cooling

  • Heating:Wall

Structure and exterior

  • Building area:6,500 sq. ft.

Finances and disclosures

  • Price:$2,500,000
  • Price per sq. ft.:$384.62
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