5590 Shasta ln La Mesa, CA 91942

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A Great opportunity in this completely renovated 3 unit property (5590 FRNT & REAR and 5588) located minutes from downtown and within walking distance of excellent restaurants and shops.Turnkey Spanish Modern Triplex-income property in the sought-after Lake Murray neighborhood near SDSU, Beaches, Downtown. Single Story, with future life/minimal near future maintenance and capEx on new construction with plans to add 1,100 sqft approved to convert courtyard and garage into rentable unit. Almost Half a city block flat lot, all usable. Very walkable to the lake, Murray Village shopping centers and public transit, this property offers both convenience and luxury. 3 luxury homes, each with its own backyard, this property is low-maintenance. The property has been fully remodeled, everything is new, soft closing cabinets with crown molding, under mound sinks, quartz countertops, high-efficiency appliances and air conditioning throughout the property. All three units have washer and dryer. Some soundproof walls for privacy, and hot mop waterproofed walk-in showers with beautiful marble. The main house exudes modern elegance, with a spacious courtyard. The backyard has four carports total of 8 car parking spots, offers ample parking. Each home has its own independent backyard and generous storage space, providing privacy and comfort. Currently, the property-generates. $11,000 per month from long-term, month-to-month tenants, with the potential to increase to $12,000 per month and more through mid-term and short-term rentalsThe master suite is utilized as an Airbnb. (Current gross Income is $144,000 per year, Situated on a generous 16,117 SQ FT flat usable lot, this single-story property comes with city approval for a 1,100-square-foot addition ADU, allowing extra income right away. The zoning also permits the development of five additional detached (ADU) accessory dwelling units, or a maximum of thirteen consecutive units through city permitting, an excellent opportunity for future development. With easy access 0.4 miles to hwy 8, La Mesa HealthCare Center, Kaiser Medical, SDSU Medical, MTS buses, and Lake Murray Village. Enjoy nearby dining, grocery and fitness options, all within a short walkable distance. With no HOA, Mello-Roos, or rent control, this high-demand rental area presents a great opportunity. 1031 exchange welcome. Call or text @ 619-433-2826 or @ 619-452-8248