5590 5588 Shasta Lane La Mesa, CA $ 1,950,000
5590 5588 Shasta Lane
$ 1,950,000
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5590 5588 Shasta Lane

La Mesa, CA, 91942
$ 1,950,000
Baths1.0

Monthly Estimate*

$ 12,313

Listed by Marcus & Millichap
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Studio

Multi-Family Home for sale in La Mesa, CA

for $1,950,000 with 1 full bath. This home was built in 1957.

We are pleased to present 5588-90 Shasta Ln, a meticulously designed triplex tucked in the rolling hills of Lake Murray, in the City of La Mesa, California. Built in 1957 and fully renovated in recent years, the complex is comprised of a large single story three-bedroom/two-bathroom single family home and two (2) single story one-bedroom/one-bathroom units spanning across a large 0,37-acre lot! The turnkey investment is poised for additional ADU development. The property features private outdoor space for each unit, in unit laundry, fully appliance and kitchen packages, and single-story living attracting higher quality tenants. The spacious floorplans are well-appointed with remodeled interiors including central air conditioning, large closets, private patios/balconies, and upgraded fixtures throughout. Residents enjoy ample parking and quick access to Lake Murray Blvd. Centrally located in La Mesa, the property is a short drive to Interstate-8, which serves as a critical interregional east/west travel corridor through San Diego County, and is one of the more heavily trafficked freeways. The property is only 1.2 miles from Sharp Grossmont Hospital and The Grossmont Shopping Center. Sharp Grossmont Hospital is East County’s largest health care facility with 524 beds, cutting edge medical care, and total patient revenue of over $3.7 billion. The Grossmont Center is an outdoor shopping mall with 100 unique stores, over 20 restaurants, and 10 large movie screens.

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Multi-Family Active

Price

$ 1,950,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Year Built

1957

Town/City

La Mesa

County/Region

San Diego

MLS | Web ID

260021741SD

Days on Market

1

Features
General
Cooling None
HOA Fee 0
Year Built 1957
Stories Count 1
Levels One
County San Diego
Net Operating Income 93497
Property Type Residential Income
Subdivision Name La Mesa
Status Active
Directions Property is fully occupied. Please contact listing agent: Graeme Henderson Graeme.Henderson@marcusmillichap.com (858) 373-3156 CrossStreet: Lake Murray Blvd
City La Mesa
Senior Community Y/N false
Number Of Units Total 3
MLS Area 91942 - La Mesa
Standard Status Active
Cap Rate 4.79
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Interior
Total Stories 1
Air Conditioning Y/N false
Heating Y/N true
Total Baths 0
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Exterior
Fencing None
Total Parking 0
Park Name Sunset Park
Number of Buildings 2
Spa false
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* Excluded Features
List By
Marcus & Millichap

Broker

ahuffman@ipausa.com

Email

Affordability Calculator

$12,313
Per Month
100%
0%
0%
Monthly Principal & Interest
$12,313
Monthly Property Taxes
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Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
9/4/2026$1,950,000 Listed Price

Map


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5590 5588 Shasta Lane, La Mesa, CA, 91942 is a Multi-Family Home for sale at $1,950,000. 5590 5588 Shasta Lane is a studio with 1.0 baths and was built in 1957. The property's zip code is 91942 which is in La Mesa, CA