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Property Details
Property Name
Mesa Apartments
Address
8755 Mesa Rd, Santee, CA 92071
Asking Price
$6,250,000
Units
19
Building Size
18,833 SF
Property Type
Multifamily
Cap Rate
—
Price Per Unit
$328,947
Status
Active
Broker
South Coast Commercial
Investment Opportunity
Mesa Apartments is a two-story, 19-unit community in Santee, built in 1981 on a 29,185 SF lot with about 18,833 SF of building area. The unit mix is concentrated in two-bedroom, two-bath floor plans, and current rents sit below market, leaving room for a new owner to improve income over time.
The property is close to Santee's retail and employment centers with access to SR-52 and SR-125.
A South Coast Commercial listing. Contact Arby Eivazian for more information.
Why This Property
Strong in-place income
High-demand urban corridor
Rental upside potential
Limited competing inventory
Suitable for 1031 exchange
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