5061 Keeney StLa Mesa, CA 91942

This 0.76-acre lot in La Mesa, CA (APN 469-100-37-00), located at 5061 Keeney St, is zoned for multifamily development. The site, totaling approximately 33,105 square feet, offers a unique opportunity to construct a 19-unit apartment building. Plans include nine one-bedroom/one-bathroom units, nine two-bedroom/two-bathroom units, and one three-bedroom/two-bathroom unit, for a total of 14,619 square feet of rental space. Units will feature 8-9ft ceilings, in-unit washer/dryers, private decks, and luxury finishes. Amenities will include a community BBQ area, rooftop deck, off-street parking, a gazebo lounge, and gated entry. The property benefits from its proximity to major thoroughfares like El Cajon Blvd and Interstate-8, as well as significant employment centers such as Sharp Grossmont Hospital and San Diego State University. The Grossmont Shopping Center and convenient public transportation options (Spring Street Trolley Station and Grossmont Transit Center) are also nearby. The submarket boasts strong rental growth (8.3% in the past 12 months) and a low vacancy rate (2.4%). This prime location, combined with the permit-ready status, presents a compelling investment opportunity in a high-demand area, just a 15-minute drive from downtown San Diego. Asking price is $1,450,000.