7025 Boulevard Drive, La Mesa, CA 91941
Local realty services provided by:Better Homes and Gardens Real Estate Napolitano & Associates
7025 Boulevard Drive,La Mesa, CA 91941
$5,295,000
- 3 Beds
- 6 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: maxwell brown
Office: commercial asset advisors
MLS#:PTP2604512
Source:San Diego MLS via CRMLS
Price summary
- Price:$5,295,000
About this home
$250k Price Reduction !!! 7025 Boulevard Dr offers a renovated, turnkey, and desirable 20-unit garden style asset with immediate cashflow, remaining rental upside, and major infrastructure system improvements. The property is ideally situated near major transportation corridors, steps away from the amenity and retail filled University Ave, and provides seasoned investors with the Golden Standard Class B location asset known to provide the strongest aggregate return and operational profile. Current ownership has completed significant capital improvements, eliminating all deferred maintenance and substantially reducing future expenses. Improvements include renovation of 16 units, major electrical system replacement, brand new pitched roofs, epoxy-lined sewer mains, dual-pane windows, and numerous interior and exterior enhancements. The property consists of an ideal & diverse unit mix of (8) 2 Bed / 1 Bath, (8) 1 Bed / 1 Bath, and (4) Studio units. The property further provides an attractive 1:1 parking ratio and gated access. Ownership will benefit from meaningful economies of scale while maintaining the operational simplicity of a low-density garden style asset. The asset currently generates $463,138 GSI yielding a 5.37% in-place cap rate. There is approximately 12% income upside at conservative market rents to produce a forecasted $524,010 GSI and 6.23% market cap rate with minimal additional capital investment required. 7025 Boulevard Drive is strategically situated in what many seasoned San Diego multifamily investors consider the Golden Standard middle market location pr...
Contact an agent
Home facts
- Listing ID #:PTP2604512
- Added:114 day(s) ago
- Updated:October 04, 2026 at 02:17 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:6
Finances and disclosures
- Price:$5,295,000
New listings near 7025 Boulevard Drive
- New
$444,995Active0 Acres9210 Tropico, La Mesa, CA 91941
MLS# NDP2609222Listed by: FOUR SEASONS PROPERTIES, INC - New
$895,000Active4 beds 3 baths1,940 sq. ft.8857 Echo Drive, La Mesa, CA 91941
MLS# 260024053Listed by: BILLINGS PROPERTY MANAGMENT & REALTY - New
$659,900Active2 beds 3 baths1,571 sq. ft.7745 El Cajon Blvd #1, La Mesa, CA 91942
MLS# 260023986Listed by: BLUKEY REAL ESTATE - New
$465,000Active2 beds 2 baths990 sq. ft.7940 University Avenue #14, La Mesa, CA 91942
MLS# NDP2609165Listed by: EXP REALTY OF CALIFORNIA, INC - New
$599,000Active2 beds 3 baths1,313 sq. ft.7705 El Cajon Blvd. #3, La Mesa, CA 91942
MLS# 260023948Listed by: REDFIN - Open Sun, 1 to 4pmNew
$1,089,000Active4 beds 2 baths1,587 sq. ft.8845 Fabienne Way, La Mesa, CA 91941
MLS# 260023935Listed by: EXP REALTY OF CALIFORNIA, INC. - Open Sun, 11am to 3pmNew
$499,000Active2 beds 2 baths1,088 sq. ft.4849 Williamsburg Lane #269, La Mesa, CA 91942
MLS# PTP2607414Listed by: COLDWELL BANKER WEST - Open Mon, 3 to 6pmNew
$729,000Active3 beds 2 baths1,431 sq. ft.7207 Berkeley Dr., La Mesa, CA 91942
MLS# 260023897Listed by: REDFIN - New
$949,900Active3 beds 2 baths1,900 sq. ft.6031 Sinton, La Mesa, CA 91942
MLS# 260023836Listed by: COLDWELL BANKER REALTY - New
$299,900Active0 Acres0000 Grandview #20, La Mesa, CA 91941
MLS# 260023839Listed by: COLDWELL BANKER REALTY