CA > La Mesa
La Mesa, CA 91942,4850 52 Cypress ST
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La Mesa, CA 91942,4850 52 Cypress ST
La Mesa, CA 91942,4850 52 Cypress ST
La Mesa, CA 91942,4850 52 Cypress ST
La Mesa, CA 91942,4850 52 Cypress ST
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Raul & Mary Beth Viruete

Raul & Mary Beth Viruete

+1(619) 987-5840
$ 1,200,000
Est. payment /mo
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Open Sat 12PM-2PM

4850 52 Cypress ST La Mesa, CA 91942

6,947 Sqft Lot

Open House

Sat Oct 18, 12:00pm - 2:00pm

Sun Oct 19, 12:00pm - 2:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID PTP2507815

HOA Y/N No

Year Built 1930

Lot Size 6,947 Sqft

Lot Dimensions Assessor

Property Sub-Type Duplex

Property Description

4850-4852 Cypress St, La Mesa – Prime R3 Multi-Unit Investment Opportunity Near La Mesa Village! Unlock the potential of this versatile multi-unit property at 4850-4852 Cypress St, a thoughtfully designed income-generating asset in the heart of La Mesa. With two permitted dwelling units already in place, HERO financed solar panels, and a generous lot primed for expansion, this 1930-built gem offers immediate rental income alongside significant development upside in a highly desirable R3-zoned location. Current Layout and Features: The front house delivers comfortable living with 3 bedrooms and 1 bathroom, ideal for families or long-term tenants. The back house offers a cozy 1 bedroom and 1 bathroom setup, complemented by a spacious living room for added flexibility. Both units are equipped with owned solar panels, providing energy efficiency and cost savings. Outdoor amenities include a relaxing jacuzzi for unwinding and a large storage shed for practical organization. The approximate 50'x140' lot offers ample space for current use and future vision. The Real Value is in Zoning and Location: Situated mere steps from the vibrant La Mesa Village, this property benefits from walkable access to boutique shops, dining, and community events, attracting tenants who value convenience. The R3 zoning is a standout feature, allowing for multi-family development in a neighborhood already featuring 5+ unit apartments just a few properties away on the same side of the street. This prime positioning enhances rental appeal while positioning the site for higher-density redevelopment. SB79 Upzoned: In addition to the R3 zoning mentioned above, this parcel has been upzoned by SB79, allowing for additional density and higher returns. This property is in the Tier II, between 1/2 and 1/4 mile. SB79 was signed into law October 10, 2025 and this upzoning goes into effect June 2026. Investment Flexibility: Generate steady income as a rental property—live in one unit while renting the other for cash flow, or hold as a long-term play while awaiting plans to develop the back lot. Alternatively, envision a full demo and rebuild to maximize density, capitalizing on the zoning and location for substantial returns. This property delivers immediate value and long-term growth potential. Don't overlook this rare opportunity to invest in La Mesa's evolving landscape. Schedule your private tour today and explore the possibilities at 4850-4852 Cypress St!

Location

State CA

County San Diego

Area 91942 - La Mesa

Zoning R3

Interior

Fireplace No

Appliance Dryer, Washer

Laundry Washer Hookup, Gas Dryer Hookup, In Garage

Exterior

Garage Spaces 1.0

Garage Description 1.0

Pool None

Community Features Curbs, Suburban, Sidewalks

View Y/N No

Total Parking Spaces 4

Private Pool No

Building

Lot Description 16-20 Units/Acre, 11-15 Units/Acre, 21-25 Units/Acre

Story 1

Others

Senior Community No

Tax ID 4947720900

Acceptable Financing Cash, Conventional, Cal Vet Loan, 1031 Exchange, Owner May Carry, VA Loan

Listing Terms Cash, Conventional, Cal Vet Loan, 1031 Exchange, Owner May Carry, VA Loan

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/crmls/PTP2507815

CRMLS – RECore
Listed by Kiera Holmes Balboa Realty
Raul & Mary Beth Viruete

Raul & Mary Beth Viruete

Agent | License ID: 01339351

+1(619) 987-5840

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4850 52 Cypress ST