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7025 Boulevard Drive La Mesa, CA 91941
$5,450,000 0 beds, 0 baths
0 sqft
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Photo of Tammy Krug

Tammy Krug REALTOR® - Sales Associate 619-384-3490 m
Lic#: 01417954
NRDS ID: 196525277
tammy@tammykrug.com
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Lic#: 01417954
NRDS ID: 196525277
tammy@tammykrug.com
San Diego Downtown Office
516 5th Ave
San Diego, CA 92101
Phone: 619-595-7020
Fax: 619-702-9044
San Diego Downtown 516 5th Ave
San Diego, CA 92101
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Agent Remarks

7025 Boulevard Dr offers a renovated, turnkey, and desirable 20-unit garden style asset with immediate cashflow, remaining rental upside, and all major infrastructure system improvements. The property is ideally situated near major transportation corridors, steps away from the amenity and retail filled University Ave, and provides seasoned investors with the “Golden Standard” Class B location asset known to provide the strongest aggregate return and operational profile. Current ownership has completed significant capital improvements, eliminating all deferred maintenance and substantially reducing future expenses. Improvements include renovation of 18 units, major electrical system upgrades, epoxy-lined sewer mains, dual-pane windows, new pitched roofs, and numerous interior and exterior enhancements. The property consists of an ideal & diverse unit mix of (8) 2 Bed / 1 Bath, (8) 1 Bed / 1 Bath, and (4) Studio units. The property further provides an attractive 1:1 parking ratio and gated access. Ownership will benefit from meaningful economies of scale while maintaining the operational simplicity of a low-density garden style asset. The asset currently generates $462,538 GSI yielding a 5.19% in-place cap rate. There is approximately 12% income upside at conservative market rents to produce a forecasted $519,690 GSI and 5.95% market cap rate with minimal additional capital investment required. 7025 Boulevard Drive is strategically situated in what many seasoned San Diego multifamily investors consider the “Golden Standard” middle market location profile. The Property's Class B location provides the ideal balance between acquisition basis, tenant quality, and long-term rental demand, producing notably stronger returns than higher-priced Coastal San Diego submarkets and significantly less operational challenges associated with Class C location assets and tenants.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# PTP2604512
List price is $5,450,000
HOA Fee is $0.00
Beds: 0
Baths: 0
Built in 1956
0.31 acres
Lot size: 0.3104
County: San Diego
Zoning: R3-MU
Lot description: TwentyOneToTwentyFiveUnitsAcre
MLS area: 91941 - La Mesa

Last Updated: 6/13/2026

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This listing belongs to the 91941 - La Mesa MLS area

Lat/Long: 32.754072, -117.046339.
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Listing Agent: Maxwell Brown
Lic#: 01417954
Office Name: San Diego Downtown

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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Photo of Tammy Krug

Tammy Krug REALTOR® - Sales Associate 619-384-3490 m
Lic#: 01417954
NRDS ID: 196525277
tammy@tammykrug.com
Text Me
Call My Cell
Lic#: 01417954
NRDS ID: 196525277
tammy@tammykrug.com

San Diego Downtown Office
516 5th Ave
San Diego, CA 92101
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