Asking Price: $1,450,000

We are 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 and current zoning and 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, and 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, and 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, and 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, and 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 and Grossmont Transit Center are only 1.4 miles, providing residents effective, high-quality rail and bus line transportation options for convenient access countywide.