For Sale · La Mesa · Portfolio of Two Parcels
La Mesa Duplex + SB-1123 Development Lot
4626–4628 Edenvale Ave, La Mesa, CA 91941 · $2,135,500 · Offered for the first time together
Get the BrochureCall 858.227.4707View on LoopNetThe Offering
Income today. Five townhomes tomorrow.
OPRE, Inc. presents Edenvale I & II: an income-producing duplex and the 8,143 SF R-1 lot right next to it, in La Mesa, San Diego County. They are offered together for the first time. A buyer collects rent from the duplex while the lot moves through entitlement under California's SB-1123, which allows five townhomes on a single-family lot. The two parcels together control the whole Edenvale Ave frontage.
Buy both and save about $200,000
- Duplex with two 3-bed/2-bath units, about 2,175 SF
- 8,143 SF (0.19 ac) R-1 lot, about 50' × 162', gentle slope
- Below-market leases roll January–February 2027
- SB-1123 plans drawn for five townhomes on a private street
- SB-9 alternative: two single-story homes plus an ADU
- Lot split and entitlement coordinated by Now-Haus
Edenvale I
4626–28 Edenvale Ave · Duplex
| APN | 494-661-10-00 |
| Units | 2 × 3 bed / 2 bath |
| Unit sizes | ~1,050 SF & ~1,125 SF |
| Parking | Garages + 2 surface spaces |
| Individual price | $1,435,000 |
Pro forma at market rents
| Gross rent (2 × $3,750/mo) | $90,000 |
| Vacancy (5%) | ($3,750) |
| Operating expenses | ($25,450) |
| Projected NOI | $60,800 |
Projected at market rents. Current rents are below market and both leases expire in January–February 2027.
Edenvale II
4628 Edenvale Ave · R-1 Lot
| APN | 494-661-20-00 |
| Lot size | 8,143 SF (0.19 ac) |
| Zoning | R-1, City of La Mesa |
| Setbacks | 15' front · 4' side · 4' rear |
| Utilities | City sewer · Helix Water District |
| School district | Grossmont |
| Individual price | $900,000 |
Development Opportunity
A La Mesa SB-1123 infill site, already planned
Now-Haus coordinates the lot split, with engineering by Riechers Engineering. Plan on about eight months to obtain five new APNs. Concept plans, floor plans and elevations are already drawn, and a development contract is available to the buyer.
SB-1123 · Five Townhomes
Five two-story townhomes on a 20' private street off Edenvale Ave. They suit build-to-sell or build-to-rent, with projected rents of $2,350–$3,335 a month per unit.
SB-9 · Two Homes + ADU
A lower-density path: split the lot for two single-story homes plus an ADU. It fits owner-builders or long-term rental investors.
Duplex Parcel · Rear Units
A site study shows room for a new two-story duplex behind the existing building, reached from Edenvale Ave along the side drive.
Photos & Plans
The property, the lot and the plans
Listing Broker
Grant Thiem · OPRE, Inc.
Broker / Owner · 858.227.4707 · grant@opreinc.com
DRE #01984787 · Corp. DRE #02112470
Get the Edenvale Brochure
Five pages on 4626-4628 Edenvale Ave, La Mesa: the $2,135,500 portfolio pricing, the duplex pro forma, lot details, and the SB-1123 site plan, floor plans and elevations for five townhomes. Enter your details and the PDF opens right away.