Investor special! Versatile two-unit income-producing property with exceptional future development potential. Situated on an expansive 29,600 sq. ft. lot, this unique property currently features two beautifully updated 2-bedroom, 1-bath residences, each with its own private backyard, full kitchen, and central air conditioning, making them ideal for owner-occupants, multigenerational living, or… Read More rental income. Major capital improvements have already been completed, including a new roof, restored foundation, new sewer lateral, and professional exterior landscaping, providing peace of mind for years to come. The property also includes an existing detached two-car garage with building plans completed to convert it into a 1-bedroom ADU, offering an excellent opportunity to further increase rental income and property value. For investors and developers, the possibilities extend even further - a feasibility study has been completed to complete a proposed lot split into three separate parcels, allowing for: one lot for the existing duplex, one lot with a new home and one lot with a new home + ADU. Whether you're looking for a turnkey investment with immediate cash flow, a multigenerational living solution, or a property with significant long-term development upside, this La Mesa property offers a rare combination of existing value and future potential. Buyer to verify all development possibilities, lot split feasibility, ADU potential, and permitting requirements with the City of La Mesa and applicable agencies. Read Less
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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