5061 Keeney St, La Mesa, CA 91942 - View 1
5061 Keeney St, La Mesa, CA 91942 - View 2
5061 Keeney St, La Mesa, CA 91942 - View 3
5061 Keeney St, La Mesa, CA 91942 - View 4
5061 Keeney St, La Mesa, CA 91942 - View 5

5061 Keeney St, La Mesa, CA 91942

List Price: $1,395,000On Market FlagOn market
Sep 14, 2024831 sqft2 beds1 baths
Listed by: Austin Huffman
License #: 01981817
Phone #: 858-373-3100
Marcus & Millichap
Source:
CRMLS Logo
MLS #: 240021869SD

Property Description

We're pleased to exclusively present the sale of “The Fletcher,” a permit ready 19-unit apartment development site located in the City of La Mesa, California. Located at 5061 Keeney St, the 0.76-acre property is currently a vacant lot comprised of one parcel with approximately 33,105 square feet of lot area. The site is well located, only 0.3 miles to El Cajon Blvd, a major thoroughfare & current zoning & incentives allow for multifamily development possibilities. The 19-unit asset will be comprised of nine (9) one-bedroom/one-bathroom units, nine (9) two-bedroom/two-bathroom units, & one (1) three-bedroom/two-bathroom unit totaling 14,619 of rental sq ft. Each unit will have 8-9ft ceilings, in unit washer/dryers, private decks, & luxury modern finishes. Tenants will also have access to a robust amenity package including a community BBQ area, rooftop deck, off street parking, a gazebo lounge, & gated entry. The property is only 0.8 miles from Interstate-8 which serves as a critical interregional east/west travel corridor through San Diego County. The property is also only 2.7 miles from Sharp Grossmont Hospital, with $3.7 billion total patient revenue annually, & The Grossmont Shopping Center, an outdoor shopping mall with 100 unique stores, over 20 restaurants, and 10 large movie screens. The Spring Street Trolley Station & Grossmont Transit Center are only 1.4 miles, providing residents effective, high-quality rail & bus line transportation options for convenient access countywide.
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$921

TurboHome Estimated Value

$728,200

$876 sqft

High Valuation
$764,610
$920/sqft
Normal Valuation
$728,200
$876/sqft
Low Valuation
$691,790
$832/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$876/sqft$728,200

Neighborhood: La Mesa

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Comparative Value

$485K

$550K

$790K

$1.40M

7003 Saranac St 108, San Diego, CA 92115

Sale Price: $485,000

Selected Comparable

5525 Shasta Ln 206, La Mesa, CA 91942

Sale Price: $550,000

Selected Comparable

7000 Saranac St 44, La Mesa, CA 91942

Sale Price: $577,000

Selected Comparable

5094 Guava Ave, La Mesa, CA 91942

Sale Price: $790,000

Selected Comparable

4740 Dauer Ave, La Mesa, CA 91942

Sale Price: $820,000

Selected Comparable

5061 Keeney St, La Mesa, CA 91942

List Price: $1,395,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
5061 Keeney St, La Mesa, CA 91942

5061 Keeney St, La Mesa, CA 91942

List: $1,395,000

Listed: 9/14/2024

Area:831 sqft
Price/sqft:$1,679
Beds:2
Baths:1
Year Built:
Lot Size:33,105

Comparable Properties

COMPARABLE
Choose comps
5094 Guava Ave, La Mesa, CA 91942

5094 Guava Ave, La Mesa, CA 91942

Sale: $790,000

9/19/20240.51 mi

Area:796 sqft
Price/sqft:$992
Beds:2
Baths:1
Year Built:
Weight:21.7%
7000 Saranac St 44, La Mesa, CA 91942

7000 Saranac St 44, La Mesa, CA 91942

Sale: $577,000

8/21/20240.43 mi

Area:936 sqft
Price/sqft:$616
Beds:2
Baths:1
Year Built:
Weight:20.6%
4740 Dauer Ave, La Mesa, CA 91942

4740 Dauer Ave, La Mesa, CA 91942

Sale: $820,000

12/9/20240.48 mi

Area:1,016 sqft
Price/sqft:$807
Beds:2
Baths:1
Year Built:
Weight:19.3%
7003 Saranac St 108, San Diego, CA 92115

7003 Saranac St 108, San Diego, CA 92115

Sale: $485,000

6/11/20250.49 mi

Area:967 sqft
Price/sqft:$502
Beds:2
Baths:2
Year Built:
Weight:19.2%
5525 Shasta Ln 206, La Mesa, CA 91942

5525 Shasta Ln 206, La Mesa, CA 91942

Sale: $550,000

4/25/20250.51 mi

Area:946 sqft
Price/sqft:$581
Beds:2
Baths:2
Year Built:
Weight:19.1%

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