Greg Cummings San Diego Real Estate Agent - 858-206-9500
San Diego Condo ManiaMLS: PTP2502672 $1,899,000
8 Bedrooms with 4 Baths4985 COMANCHE DRIVE
LA MESA CA 91942MLS: PTP2502672
Status: ACTIVE
List Price: $1,899,000
Price per SQFT: $668
Square Footage: 28448 Bedrooms
4 Baths
Year Built: 2000
Zip Code: 91942
Listing Remarks
4.625% ASSUMABLE VA LOAN & Low Gap on this 4-UNIT MULTIFAMILY offering highly desirable location. Low maintenance building with low operating expenses. Desirable unit mix includes 2 units @ 3BR/1BA & 2 units @ 1BR/1BA. Multiple opportunities to increase rents with minor value-add improvements AND potential to add 4 additional ADU units (Ask to see the ADU feasibility study). Onsite community laundry room provides additional income opportunity. Recently renovated units feature quartz countertops, stainless appliances, & premium flooring. Convenient to tons of shopping, multiple light rail stations (green & orange lines), bus stops, & I-8 freeway. Close to San Diego State, Grossmont College, & Grossmont Hospital. Minutes from popular Cowles Mountain & Lake Murray. Less than 15 miles to the beach! Downtown San Diego is only 10 miles & University Citys Golden Triangle major employment hub is only 15 milesboth of which are conveniently accessed by light rail or multiple freeways. Loan assumptions are easier than ever before and closing in near record times! BETTER THAN ZERO DOWN! Enjoy a heavily discounted VA funding fee, NO loan origination fees, and NO lender discount points when assuming. Effectively go back in time by assuming the current loan at the historically low interest rate and the low gap means you can buy for LESS CLOSING COSTS out of pocket compared to a new loan! Profit from substantially expedited principal pay down & lower interest expenses.
Address: 4985 COMANCHE DRIVE LA MESA CA 91942
Listing Courtesy of LPT REALTY, INC.
Condo Mania Agent
Greg Cummings
Compass Real Estate
Team Lead CA DRE# 01464245
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Listing Details
LISTING DATE: 2025-03-28 SALES RESTRICTIONS: Standard UNITS IN COMPLEX: 4 VIEW: Neighborhood FULL BATHROOMS: 4 HALF BATHROOMS: 0 PARKING GARAGE SPACES: 0 PARKING SPACES TOTAL: 6 LAUNDRY LOCATION: Community FLOOR NO: 1 STORIES: 1 Story STORIES IN BUILDING: 2 RESIDENTIAL STYLES: All Other Attached LISTING AGENT: Frank Karako LISTING OFFICE: LPT Realty, Inc.
Estimated Monthly Payments
List Price: $1,899,000 20% Down Payment: $379,800 Loan Amount: $1,519,200 Loan Type: 30 Year Fixed Interest Rate: 6.5 % Monthly Payment: $9,602 Estimate does not include taxes, fees, insurance.
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Property Location: 4985 COMANCHE DRIVE LA MESA CA 91942
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Condo Mania Agent
Greg Cummings
Compass Real Estate
Team Lead CA DRE# 01464245
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Last Updated: 2025-04-18