4985 Comanche DR Active Save Request In-Person Tour Request Virtual Tour
La Mesa,CA 91942
Key Details
Property Type Single Family Home, Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,844 sqft
Price per Sqft $662
MLS Listing ID PTP2502672
Bedrooms 8
Full Baths 4
Year Built 2000
Lot Size 7,335 Sqft
Property Sub-Type Quadruplex
Property Description
DID YOU KNOW? VA Buyers currently approved for approximately $1,000,000+ could likely be approved (due to lower rate & monthly payment) to to take over the lucrative 4.625% ASSUMABLE VA LOAN on this 4-UNIT MULTIFAMILY with very low down/gap required--Inquire for details and specifics of assumption process. Be the envy of every traditional multifamily investor today! Ask about our proven track record getting these assumptions closed quickly and smoothly--it is not as difficult as the internet rumors make it sound. BETTER THAN ZERO DOWN! Enjoy a heavily discounted VA funding fee, NO loan origination fees, and NO lender discount points when assuming. Investment minded buyers love the numbers, potential, & projected returns on this one. Unbeatable returns compared to recent sales!! However, only buyers with full VA entitlement/eligibility to are being considered for the lucrative loan assumption option (multiple offers to assume from non-VA buyers already received and are not being considered at this time--non-VA buyers welcome to offer for cash/new loan). Low maintenance building, highly desirable location, and low operating expenses. Desirable unit mix: 2 of the 4 units are 3BR/1BA each, and 2 of the 4 units are 1BR/1BA. Multiple opportunities to increase NOI & rents with minor value-add improvements AND potential to add 4 additional ADU units (ADU feasibility report available). Onsite community laundry room provides additional income opportunity. Recently renovated units feature quartz countertops, stainless appliances, & premium flooring. Convenient to shopping, multiple light rail stations (green & orange lines), bus stops, & I-8 freeway. Close to San Diego State, Grossmont College, & Grossmont Hospital. Minutes from popular Cowles Mountain & Lake Murray. Less than 15 miles to the beach! Downtown San Diego is only 10 miles & University City's “Golden Triangle” major employment hub is only 15 miles—both of which are conveniently accessed by light rail or multiple freeways. Loan assumptions are easier than ever before and closing in near record times! Effectively go back in time by assuming the current loan at the historically low interest rate and the low gap means you can buy for LESS CLOSING COSTS out of pocket compared to a new VA loan! Profit from substantially expedited principal pay down & lower interest expenses = Exponential revenue growth and internal rate of return.
Location
State CA
County San Diego
Area 91942 - La Mesa
Zoning R-4:MULTIPLE RESIDENTIAL
Interior
Cooling None
Fireplaces Type None
Laundry Common Area
Exterior
Pool None
Community Features Suburban
View Y/N Yes
View Neighborhood
Building
Lot Description 0-1 Unit/Acre
Story 2
Sewer Public Sewer
Schools
School District Grossmont Union
Others
Acceptable Financing Cash,Cash to Existing Loan,Conventional,FHA,Submit,VA Loan
Listing Terms Cash,Cash to Existing Loan,Conventional,FHA,Submit,VA Loan
Special Listing Condition Standard
Virtual Tour https://www.karakogroup.com/info-listing25044985/