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7125 Waite Dr
La Mesa, CA 91941 La Mesa

$3,960,000 USD

Apartments For Sale • 10,380 SF

Property Details

Property Type Apartments
Total Building Size 10,368 SF
Lot Size 0.49 AC
Building Class C
Year Built 1972
Cap Rate 5.61 %
Zoning R-4

40 Transit Score

78 Walk Score

                
                    Highlights
                
                                Rare 12-unit townhome community in the heart of La Mesa, California
                            
                                All two-bedroom, one-and-a-half-bath townhomes averaging ±865 SF each
                            
                                $300,000+ in capital expenditures in 2025
                            
                                Eleven of twelve units renovated in 2020 and 2025 with upgraded interiors and finishes
                            
                                Private rear patios and spacious, two-story floor plans attractive to long-term tenants
                            
                                On-site parking for 26 vehicles via 13 tandem spaces

Property Flyers

Waite Townhomes OM

Financial Summary (Actual)

Net Operating Income: $222,285 USD (2025)

Cap Rate:	5.61 %
Total Expenses:	$110,639 USD

Amenities

Air Conditioning
Patio

Public Transportation

Commuter Rail	Drive	Walk	Distance
San Diego (Santa Fe Depot) (Coaster - San Diego North County Transit District (Coaster/Sprinter/Breeze))	12 min	-	8.7 mi
Transit/Subway	Drive	Walk	Distance
Lemon Grove Depot (Orange Line - San Diego Metropolitan Transit System Trolley (San Diego Trolley))	3 min	19 min	1.0 mi
Airport	Drive	Walk	Distance
San Diego International	16 min	-	11.1 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	26
Type:	Surface
Included in Rent:	Yes

Bill Anderson 858-245-4887 ACRE Investment Real Estate Services

7125 Waite Dr La Mesa, CA 91941 La Mesa