4850 Cypress Street Open House Save Request In-Person Tour Request Virtual Tour
La Mesa,CA 91942
OPEN HOUSE
Sun Oct 19, 12:00pm - 2:00pm Sat Oct 18, 12:00pm - 2:00pm
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PTP2507815
Bedrooms 3
Lot Size 6,946 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
4850-4852 Cypress St, La Mesa Prime R3 Multi-Unit Investment Opportunity Near La Mesa Village! Unlock the potential of this versatile multi-unit property at 4850-4852 Cypress St, a thoughtfully designed income-generating asset in the heart of La Mesa. With two permitted dwelling units already in place, HERO financed solar panels, and a generous lot primed for expansion, this 1930-built gem offers immediate rental income alongside significant development upside in a highly desirable R3-zoned location. Current Layout and Features: The front house delivers comfortable living with 3 bedrooms and 1 bathroom, ideal for families or long-term tenants. The back house offers a cozy 1 bedroom and 1 bathroom setup, complemented by a spacious living room for added flexibility. Both units are equipped with owned solar panels, providing energy efficiency and cost savings. Outdoor amenities include a relaxing jacuzzi for unwinding and a large storage shed for practical organization. The approximate 50'x140' lot offers ample space for current use and future vision. The Real Value is in Zoning and Location: Situated mere steps from the vibrant La Mesa Village, this property benefits from walkable access to boutique shops, dining, and community events, attracting tenants who value convenience. The R3 zoning is a standout feature, allowing for multi-family development in a neighborhood already featuring 5+ unit apartments just a few properties away on the same side of the street. This prime positioning enhances rental appeal while positioning the site for higher-density redevelopment. SB79 Up
Location
State CA
County San Diego
Zoning Assessor
Exterior
View Y/N No
Building
Story 1
Others
Virtual Tour https://my.matterport.com/show/?m=QsfaMJA1Aud