Active

7025 Boulevard Drive

La Mesa, CA 91941
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$5,450,000 $22,977/Mo
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Bed 0

Bed

Bath 0

Bath

SqFt12,356

Sqft

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 18 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $5,450,000

AD Id : 83738321

MLS Id : PTP2604512

Lot Size : 13,519 Sqft

Living Area Size : 12,356

Year Built : 1956

County : San Diego

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Feature Features

  • Bathroom Information

    Total Baths: 0

    Water/Sewer

    Sewer: Public Sewer

  • Cooling Features

    Air Conditioning

    Heating Source

    Has Heating

    Fireplace

    Has Fireplace: 0

  • Building Information

    Year Built: 1956 Building Area Total: 12,356

  • Pool Features

    None

    Laundry Features

    Common Area

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.3104
  • Lot Size Source: Public Records Lot Size Square Feet: 13519

  • Listing Price Information

    Original List Price: 5,450,000 Listing Contract Date: 2026-06-10

  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 4741700300

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: 91941 - La Mesa Directions: GPS Zoning: R3-MU Source Property Type: Residential Income Area: 91941 - La Mesa

  • Building and Construction

    Property Age: 70 Common Walls: 2+ Common Walls Year Built Source: Vendor Enhanced Entry Level: 1 Entry Location: street Property Attached: Yes
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
4557 Mayapan Drive, La Mesa, CA, 91941 $1,599,999 5 3 2,899 2,899 SqFt
11020 Paseo Castanada, La Mesa, CA, 91941 $1,199,000 4 2 2,535 2,535 SqFt
4423 Avocado Blvd, La Mesa, CA, 91941 $1,045,000 5 2 1,945 1,945 SqFt
4103 Morning Star Ct, La Mesa, CA, 91941 $1,140,000 4 2 2,281 2,281 SqFt
10820 Dutton Drive, La Mesa, CA, 91941 $1,200,000 4 2 2,044 2,044 SqFt
10595 Russell Road, La Mesa, CA, 91941 $1,899,999 4 4 4,646 4,646 SqFt
10447 Chevy Lane Lane, La Mesa, CA, 91941 $1,395,000 3 2 3,000 3,000 SqFt
10042 Resmar Court, La Mesa, CA, 91941 $1,535,000 4 3 3,131 3,131 SqFt
4848 La Cruz Pl, La Mesa, CA, 91941 $2,495,000 4 4 4,637 4,637 SqFt
9355 Lavell Street, La Mesa, CA, 91941 $4,999,999 4 4 5,200 5,200 SqFt

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Copyright © 2026 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 06/12/2026 @ 14:17

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

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