The Arches | 4940 Comanche Dr
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The Arches 4940 Comanche Dr
18 Unit Block of Flats £4,064,828 (£225,824/Unit) 4.17% Net Initial Yield La Mesa, CA 91942
Executive Summary
Rare find in La Mesa! A well-maintained, well-managed, 18 unit property close to downtown La Mesa. Great Mix. Priced to sell at $288,611/unit.
Property Facts
| Price | £4,064,828 | Apartment Style | Low Rise |
| Price Per Unit | £225,824 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.46 AC |
| Net Initial Yield | 4.17% | Building Size | 10,640 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 96% |
| Gross Rent Multiplier | 14.43 | Number of Floors | 2 |
| No. Units | 18 | Year Built | 1966 |
| Property Type | Residential | Parking Ratio | 1.39/1,000 SF |
| Property Subtype | Apartment |
| Price | £4,064,828 |
| Price Per Unit | £225,824 |
| Sale Type | Investment |
| Net Initial Yield | 4.17% |
| Sale Conditions | 1031 Exchange |
| Gross Rent Multiplier | 14.43 |
| No. Units | 18 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 10,640 SF |
| Average Occupancy | 96% |
| Number of Floors | 2 |
| Year Built | 1966 |
| Parking Ratio | 1.39/1,000 SF |
Unit Amenities
- Air Conditioning
- Cable Ready
- Disposal
- Ceiling Fans
- Carpet
- Vinyl Flooring
Site Amenities
- Courtyard
- Laundry Facilities
- Pool
- Property Manager on Site
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 14 | £1,369 | 520 - 7,280 |
| 2+4 | 4 | £1,487 | 840 - 3,360 |
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Walk Score ®
Very Walkable (78)
PROPERTY TAXES
| Parcel Number | 469-160-09 | Improvements Assessment | £1,348,526 |
| Land Assessment | £1,103,340 | Total Assessment | £2,451,866 |
PROPERTY TAXES
Parcel Number
469-160-09
Land Assessment
£1,103,340
Improvements Assessment
£1,348,526
Total Assessment
£2,451,866
zoning
| Zoning Code | MR-1500, San Diego (Commercially zoned in a mixed area of residential, commercial, and retail. The neighborhood is mostly single family homes.) |
| MR-1500, San Diego (Commercially zoned in a mixed area of residential, commercial, and retail. The neighborhood is mostly single family homes.) |
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The Arches | 4940 Comanche Dr
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