619-990-4436
5015 Comanche Dr, La Mesa 91942
(12) 3 bedroom 1 bath units
$19,800 in monthly income
Asking $3,250,000
Case Study: 5015 Comanche Dr, La Mesa, CA 91942
12-Unit Apartment Complex | Sold for $3,200,000
Property Overview
The 12-unit apartment community at 5015 Comanche Drive in La Mesa represents a classic East County multifamily asset with strong rental demand and long-term appreciation fundamentals. The property totals 11,649 square feet on a well-located residential parcel minutes from the 94 and 125 freeways, giving residents quick access to major job centers throughout San Diego.
Unit Mix:
Three-Bedroom / One-Bath Units (all 12 units)
At the time of sale, the property had recently undergone a series of strategic improvements that enhanced curb appeal, strengthened unit quality, and positioned the asset competitively within the La Mesa rental market.
Investment Highlights
Sale Price: $3,200,000
Building Size: 11,649 SF
Units: 12
Seller Representation: Arby Eivazian
Recent Capital Improvements: $100,000+ in upgrades
The interior renovations included modernized kitchens, refreshed flooring, and updated fixtures, while exterior work featured a resurfaced driveway, upgraded front porches, and overall aesthetic improvements that increased tenant appeal and operational consistency.
These enhancements helped the property maintain stable occupancy and supported premium rental positioning within the La Mesa submarket.
Submarket: La Mesa Multifamily
La Mesa remains one of East County’s most supply-constrained apartment markets, with consistently low vacancy and steady renter demand. The neighborhood’s access to transit, retail, and employment corridors makes it a highly desirable location for both renters and investors.
Properties with larger three-bedroom floorplans—such as 5015 Comanche—are particularly sought after, given the limited availability of family-sized units in the region.
How We Maximized Value
Representing the seller, I positioned the property to highlight:
Its rare all three-bedroom layout
Recently completed six-figure renovation program
Long-term operational stability
Strong demand for larger units in La Mesa
Upside potential through continued interior enhancements
By focusing on the asset’s improvements, rental upside, and its exceptional location within a high-demand pocket of La Mesa, we were able to generate competitive interest and secure a buyer aligned with the long-term value-add potential of the property.
San Diego Multifamily Advisory
Transactions like 5015 Comanche Drive demonstrate the strength of demand for well-located East County multifamily assets. Whether you’re evaluating the sale of your apartment building or exploring new San Diego multifamily opportunities, strategic positioning and accurate valuation remain the keys to maximizing returns.
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