Casa Verde Apartments 7629-7633 Normal Ave

The Casa Verde Apartments are a beautiful 21-unit complex in the highly sought-after La Mesa market. The complex has a premier unit mix of twenty large (2 bed/1 bath 850 sq ft) units and one (1 bed/1 bath 500 sq ft) unit. Over half of the units have been completely renovated over the last several years at each lease-turn. This rare asset offers over one full acre of land, approximately 18k square feet of which has the ability to develop a minimum of 9 more units. The subject property gives new ownership maximum flexibility -Value-add with minimal outlay of capital necessary along with a lucrative future development opportunity.
Casa Verde is wood frame construction with stucco exteriors and an Owens Corning 30+ year pitched composition roofs - roof replacement was completed 8 years ago. There are two buildings located around the gated on-site parking with a courtyard affronting the gated and resurfaced pool/BBQ area along with owned on- site laundry. There is even a secure office + maintenance room for on-site management. All units have newer tile in the bathrooms and kitchens and newer cabinetry throughout with continuous upgrade of flooring at every lease-turn. All units have been repainted with high quality Sherwin-Williams product. 100% of the bathrooms have new Milgard dual pane windows for ventilation, with many also having accompanying bathroom fans. Most units have upgraded wall heaters.