Greg Cummings San Diego Real Estate Agent - 858-206-9500
San Diego Condo ManiaMLS: PTP2502672 $1,884,000
8 Bedrooms with 4 Baths4985 COMANCHE DRIVE
LA MESA CA 91942MLS: PTP2502672
Status: ACTIVE
List Price: $1,884,000
Price per SQFT: $662
Square Footage: 28448 Bedrooms
4 Baths
Year Built: 2000
Zip Code: 91942
Listing Remarks
DID YOU KNOW? VA Buyers currently approved for approximately $1,000,000+ could likely be approved (due to lower rate & monthly payment) to to take over the lucrative 4.625% ASSUMABLE VA LOAN on this 4-UNIT MULTIFAMILY with very low down/gap required--Inquire for details and specifics of assumption process. Be the envy of every traditional multifamily investor today! Ask about our proven track record getting these assumptions closed quickly and smoothly--it is not as difficult as the internet rumors make it sound. BETTER THAN ZERO DOWN! Enjoy a heavily discounted VA funding fee, NO loan origination fees, and NO lender discount points when assuming. Investment minded buyers love the numbers, potential, & projected returns on this one. Unbeatable returns compared to recent sales!! However, only buyers with full VA entitlement/eligibility to are being considered for the lucrative loan assumption option (multiple offers to assume from non-VA buyers already received and are not being considered at this time--non-VA buyers welcome to offer for cash/new loan). Low maintenance building, highly desirable location, and low operating expenses. Desirable unit mix: 2 of the 4 units are 3BR/1BA each, and 2 of the 4 units are 1BR/1BA. Multiple opportunities to increase NOI & rents with minor value-add improvements AND potential to add 4 additional ADU units (ADU feasibility report available). Onsite community laundry room provides additional income opportunity. Recently renovated units feature quartz countertops, stainless appliances, & premium flooring. Convenient to shopping, multiple li
Address: 4985 COMANCHE DRIVE LA MESA CA 91942
Listing Agent: FRANK KARAKO of LPT REALTY, INC. 619-494-0001
Condo Mania Agent
Greg Cummings
Compass Real Estate
Team Lead CA DRE# 01464245
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Listing Details
STATUS: Active SPECIAL LISTING CONDITIONS: Standard LISTING CONTRACT DATE: 2025-03-28 BEDROOMS: 8 BATHROOMS FULL: 4 BATHROOMS HALF: 0 LIVING AREA SQ FT: 2844 BUILDING AREA TOTAL: 2844 YEAR BUILT: 2000 FIREPLACE: N/K COOLING: N/K # GARAGE SPACES: 0 PROPERTY TYPE: Residential PROPERTY SUB TYPE: All Other Attached POOL FEATURES: N/K STORIES TOTAL: 2 VIEW: Neighborhood LISTING AGENT: FRANK KARAKO LISTING OFFICE: LPT REALTY, INC. LISTING CONTACT: 619-494-0001
Estimated Monthly Payments
List Price: $1,884,000 20% Down Payment: $376,800 Loan Amount: $1,507,200 Loan Type: 30 Year Fixed Interest Rate: 6.5 % Monthly Payment: $9,527 Estimate does not include taxes, fees, insurance.
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Property Location: 4985 COMANCHE DRIVE LA MESA CA 91942
This Listing
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Condo Mania Agent
Greg Cummings
Compass Real Estate
Team Lead CA DRE# 01464245
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Last Updated: 2025-09-15