7025 Boulevard Dr
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7025 Boulevard Dr
20 Unit Block of Flats £3,755,760 (£187,788/Unit) 5.26% Net Initial Yield La Mesa, CA 91941
Investment Highlights
- Strong In-Place CAP Rate and 100% Occupancy: Secure a stable and reliable income stream with a robust 5.00% CAP rate and full occupancy.
- Significant Upside Potential with Market Rent Adjustments: Unlock substantial income growth potential by adjusting rents to market levels, increasing
- Diverse Unit Mix in Prime Location: Benefit from a prime location near schools, shopping, and transport, featuring a mix of studios, one-bedroom, and
Executive Summary
**$200,000+ PRICE REDUCTION**
Presenting a prime investment opportunity in the thriving multifamily market of La Mesa, California. 7025 Boulevard Drive is a well-maintained property that offers both stability and significant upside potential. With a robust in-place CAP rate over 5% and a solid occupancy rate of 100%, this property stands as a testament to consistent income and long-term value growth.
Investing in 7025 Boulevard Drive offers a unique combination of immediate cash flow and long-term growth potential. The property’s strong financial performance, combined with its excellent location and high demand, makes it an attractive addition to any investment portfolio. Whether you’re looking to expand your multifamily holdings or secure a stable income-producing asset, this property delivers on all fronts.
Presenting a prime investment opportunity in the thriving multifamily market of La Mesa, California. 7025 Boulevard Drive is a well-maintained property that offers both stability and significant upside potential. With a robust in-place CAP rate over 5% and a solid occupancy rate of 100%, this property stands as a testament to consistent income and long-term value growth.
Investing in 7025 Boulevard Drive offers a unique combination of immediate cash flow and long-term growth potential. The property’s strong financial performance, combined with its excellent location and high demand, makes it an attractive addition to any investment portfolio. Whether you’re looking to expand your multifamily holdings or secure a stable income-producing asset, this property delivers on all fronts.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £3,755,760 | Apartment Style | Low Rise |
| Price Per Unit | £187,788 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Net Initial Yield | 5.26% | Building Size | 14,352 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 20 | Number of Floors | 2 |
| Property Type | Residential | Year Built | 1956 |
| Property Subtype | Apartment | Parking Ratio | 1.39/1,000 SF |
| Price | £3,755,760 |
| Price Per Unit | £187,788 |
| Sale Type | Investment |
| Net Initial Yield | 5.26% |
| Sale Conditions | 1031 Exchange |
| No. Units | 20 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 14,352 SF |
| Average Occupancy | 100% |
| Number of Floors | 2 |
| Year Built | 1956 |
| Parking Ratio | 1.39/1,000 SF |
Site Amenities
- Courtyard
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| Studios | 4 | - | 400 |
| 1+1 | 8 | - | 610 |
| 2+1 | 8 | - | 732 |
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Walk Score ®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | 474-170-03 | Improvements Assessment | £479,226 (2024) |
| Land Assessment | £170,651 (2024) | Total Assessment | £649,877 (2024) |
PROPERTY TAXES
Parcel Number
474-170-03
Land Assessment
£170,651 (2024)
Improvements Assessment
£479,226 (2024)
Total Assessment
£649,877 (2024)
zoning
| Zoning Code | C |
| C |
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7025 Boulevard Dr
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