Active

7025 Boulevard Drive

La Mesa, CA 91941
Mark as Favorite
Bed 3

Bed

Bath 6

Bath

SqFt13,519

Sqft(Lot)

7025 Boulevard Dr offers a renovated, turnkey, and desirable 20-unit garden style asset with immediate cashflow, remaining rental upside, and all 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 upgrades, epoxy-lined sewer mains, dual-pane windows, new pitched roofs, 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 $462,538 GSI yielding a 5.19% in-place cap rate. There is approximately 12% income upside at conservative market rents to produce a forecasted $519,690 GSI and 5.95% 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 profile. The Property's Class B location provides the ideal balance between acquisition basis, tenant quality, and long-term rental demand, producing notably stronger returns than higher-priced Coastal San Diego submarkets and significantly less operational challenges associated with Class C location assets and tenants.

Read More Expand

Detail Ic Property Details

Property Type : ResidentialIncome

Price : $5,449,000

AD Id : 83738321

MLS Id : PTP2604512

Beds : 3

Lot Size : 13,519 Sqft

Year Built : 1956

County : San Diego

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Building Information

    Year Built: 1956
    Building Area Total: 12356
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 13519 Lot Size Acres: 0.3104 Lot Size Source: PublicRecords Lot Size Square Feet: 13,519 Lot Description: TwentyOneToTwentyFiveUnitsAcre

  • Listing Price Information

    Listing Price: $5449000
    Original Price: $5450000
    Conventional

  • Tax Information

    Parcel Number: 4741700300 Tax Lot: 2113

  • Parking Information

    Parking Total: 20

  • Location Information

    Direction: GPS
Sell a home like this and save $326,441 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
4779 Harbinson Ave, La Mesa, CA, 91941 $895,000 3 2 1,357 1,357 SqFt
3870 Rojo Tierra Rd, La Mesa, CA, 91941 $1,279,999 4 2 2,265 2,265 SqFt
4525 27 Conrad Drive, La Mesa, CA, 91941 $3,295,000 6 4 3,975 3,975 SqFt
4626 28 Edenvale Ave, La Mesa, CA, 91941 $1,435,000 -- -- --
11020 Paseo Castanada, La Mesa, CA, 91941 $1,250,000 4 3 2,535 2,535 SqFt
4605 Mayapan, La Mesa, CA, 91941 $1,385,000 4 3 2,316 2,316 SqFt
3556 Paseo Salamoner, La Mesa, CA, 91941 $994,000 3 3 2,535 2,535 SqFt
Residential, La Mesa, CA, 91941 $1,899,900 4 4 3,461 3,461 SqFt
3722 Avenida Johanna, La Mesa, CA, 91941 $1,299,900 4 2 2,192 2,192 SqFt
10820 Dutton Drive, La Mesa, CA, 91941 $1,200,000 4 2 2,044 2,044 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/28/2026 @ 15:40

MLS: PTP2604512 LISTED BY: Maxwell Brown, Commercial Asset Advisors 858-360-3000 SOURCE: CRMLS

Homes around $5,449,000

Selling? Save $326,441 when you sell a home like this

Tour with a ByOwner Agent