Asking Price: $1,450,000

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.