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4901 03 Porter Hill Road, La Mesa, CA 91942
$2,249,000
4901 03 Porter Hill Road, La Mesa, CA 91942View this property at 4901 03 Porter Hill Road, La Mesa, CA 91942
4901 03 Porter Hill RoadLa MesaCA91942
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Property Description
Introducing a prime opportunity in the heart of La Mesa - a mixed use commercial and residential building with tons of potential. This six unit building, complete with two residential units on the top floor and four retail suites, boasts a brand-new roof and presents an abundance of untapped potential. Nestled in the heart of La Mesa, this property benefits from a central and vibrant location with excellent traffic count and visibility. Situated on a bustling thoroughfare, it is easily accessible and enjoys high foot traffic, making it an ideal hub for businesses of various types. All four commercial units and two residential units are fully occupied. The top floor hosts two residential units. They provide a rare opportunity for owners or tenants to enjoy the vibrant energy of the city while having a serene retreat to call home. The property's new roof and updated facade ensures protection and durability, reducing maintenance costs and providing peace of mind to owners and tenants alike. With La Mesa's growing popularity and development, this property presents incredible upside potential for investors. This mixed use building is a prime investment opportunity in a thriving La Mesa neighborhood. Whether you're looking to establish your own business, lease to others, or enhance your real estate portfolio, this building offers a multitude of possibilities in one of Southern California's most vibrant communities.
Full Property Details
Full Property Details for 4901 03 Porter Hill Rd
General
- Price: $2,249,000
- Taxes: $3,600
- Status: Active
- Type: Commercial
- MLS ID: PTP2305164
- Updated: 3/22/2024
- Days on Market: 213 days
- Added to Site: 213 day(s) ago
Location
- County: San Diego
- Driving Directions: La Mesa Blvd to Porter Hill. Address is 8500-8506 La Mesa Blvd & 4901-4903 Porter Hill Rd.
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
Utilities
- Utility Description: Cable Connected, Electricity Connected
Structural Information
- # Buildings: 1
- Construction: Block, Drywall Walls
- Roof: Flat
- Entry Floor Number: 1
- Stories/Levels: 2
- Building Size: 3514
- Square Feet: 3,514
- Current Bldg. Use: Commercial, Investment, Residential
- Retail: 2,100 Sq. Ft.
- Year Built: 1947
- Year Built Source: Assessor
Unit Information
- Occupancy Rate: Occupied
Lot Features
- Lot Size Source: Assessor
- Lot Features: Corner Lot
- Lot Description: Corner Lot
Financial Considerations
- Price Per Sq. Ft.: $640
- Expenses: $10,300
- Operating Expenses: $10,300
- Tax Amount: $3,600
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Investment: Yes
- Property ID: 4941813800
Listed by Finest City Homes & Loans, SaadHallak
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Schools
Schools serving 4901 03 Porter Hill Rd
School Districts:La Mesa-Spring Valley School District, Grossmont Union High School District
Rating | Name | Grades | Distance |
---|---|---|---|
8787 Lemon Ave, La Mesa, CA 91941 | K-6 | 0.4 mi | |
4200 Parks Ave, La Mesa, CA 91941 | 7-8 | 1.3 mi | |
Helix Charter High School
7323 University Ave, La Mesa, CA 91942 | 9-12 | 1.6 mi | |
1100 Murray Dr, El Cajon, CA 92020 | 9-12 | 1.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 4901 03 Porter Hill Rd
Date
Details
Price
Change
Source
2/27/2024
Price Reduced
$2,249,000
-2.17%
MLS
10/20/2023
Listed
$2,299,000
767.55%
MLS
1/28/1992
Sold
$265,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 4901 03 Porter Hill Rd
Year
Property Taxes
Change
Tax Assessment
Change
2023
$3,669
2%
$265,888
2%
2022
$3,603
2%
$260,676
2%
2021
$3,542
2%
$255,566
1%
2020
$3,459
1%
$252,946
2%
2019
$3,422
1%
$247,988
2%
2018
$3,386
—
$243,126
2%
2017
$3,374
3%
$238,360
2%
2016
$3,289
—
$233,688
2%
2015
$3,293
2%
$230,178
2%
2014
$3,228
—
$225,670
—
2013
$3,220
—
$224,652
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 4901 03 Porter Hill Rd
4901 03 Porter Hill Road, La Mesa, CA 91942 (MLS# PTP2305164) is a Commercial property. 4901 03 Porter Hill Road is currently listed for $2,249,000 and was received on October 20, 2023. Want to learn more about 4901 03 Porter Hill Road? Do you have questions about finding other Commercial real estate for sale in La Mesa? You can browse all La Mesa real estate or contact a Coldwell Banker agent to request more information.