Prime Multi-Unit Investment Opportunity in La Mesa Colony, San Diego. This exceptional real estate opportunity is situated in the highly desirable La Mesa Colony neighborhood of San Diego, offering a rare combination of immediate rental potential and significant development upside. The expansive ~7,800 SF lot currently hosts two fully detached residences, providing the ultimate setup for a high-yield investment or a multi-generational living arrangement. With current local density and ADU guidelines, there is a clear potential to add on to the property, maximizing the long-term ROI of the site. The main residence is a well-proportioned 3-bedroom, 2-bathroom home totaling 1,041 SF of living space, while the second detached unit offers a comfortable 2-bedroom, 1-bathroom layout. Both homes are designed for modern convenience and privacy, featuring their own private entries, separate outdoor spaces, and the highly sought-after convenience of in-home laundry. Furthermore, a detached two-car garage provides secure parking or storage, supplemented by dedicated on-site parking for each individual unit. Strategic location is a cornerstone of this propertys value, as it sits in a low-vacancy submarket driven by its proximity to major San Diego landmarks. Students and faculty will appreciate being less than 3 miles from San Diego State University (SDSU), while commuters will benefit from being minutes away from the 70th Street Trolley Station and nearby transit hubs. This central location ensures seamless access to Downtown San Diego, Mission Valley, and the local charm of La Mesa Village. Both units are planned to be delivered entirely vacant upon the close of escrow, providing a turn-key transition for new owners to immediately place tenants at current market rates. Whether you are looking to capitalize on the high demand for housing near SDSU or intend to utilize the large lot for further development, this La Mesa Colony property represents one of the most versatile investment opportunities currently on the San Diego market.

Listed by James Hilgesen of HomePERQs, Inc (760) 685-2637



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Last checked 2026