Property Details
About this Property
8615 Mellmanor Drive presents a rare opportunity to acquire a value-add fourplex in the highly sought-after La Mesa submarket, just blocks from Grossmont Center and minutes from San Diego State University. Built in 1964 and situated on a 10,086 square foot parcel, the 4,140 square foot building features four spacious townhome-style residences, each offering 2BR/1.5BA baths across approximately 960 square feet. Three of the four units benefit from in-unit laundry, and all include private ground-level patios. Current in-place rents remain significantly below market levels, positioning the property for immediate revenue growth through renovations and turnover. With a pro forma gross scheduled income of $124,560 and a projected net operating income of nearly $88,000, investors can achieve a 6.31% cap rate at asking, highlighting the asset’s strong financial upside and long-term stability.
MLS Listing Information
MLS #
SD250040189
MLS Source
San Diego MLS
Interior Features
Cooling
Other
Exterior Features
Roof
Composition
Contact Information
Listing Agent
Sean Bascom
South Coast Commercial, Inc.
License #: 01862044
Phone: (619) 916-9179
Co-Listing Agent
Pat Geary
CEG Advisors
License #: 01703782
Phone: (858) 737-9837
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | – | 2 | 1/1 | – |
| 2 | – | 2 | 1/1 | $1,753 |
| 3 | – | 2 | 1/1 | $1,753 |
| 4 | – | 2 | 1/1 | $1,753 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
8615 Mellmanor Dr is a Residential Income in La Mesa, CA 91942. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,500,000 and was built in 1964. This address can also be written as 8615 Mellmanor Dr, La Mesa, CA 91942.
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This listing information is up-to-date as of December 03, 2025. For the most current information, please contact Sean Bascom, (619) 916-9179
