4850 Cypress Street

La Mesa CA 91942

6946 sq. ft.

Multi-Family

Last sold for $1,000,000

Kiera Holmes, last sold this property on 14 November 2025 after 29 days on market.

Overview

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 propertylive 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. Dont overlook this rare opportunity to invest in La Mesas evolving landscape. Schedule your private tour today and explore the possibilities at 4850-4852 Cypress St!

Features

4 bedrooms

2 bathrooms

6946 sq. ft. lot size

Multi-Family

Estimated Value

Based on this property and similar 4 bedroom multi families sold in La Mesa over the last 12 months, the estimated median property value of 4850 Cypress Street is $930k.

Median value

$930k

Estimated value range

$775k - $1m

Median days on market

Estimated value trend

-2%

decrease over the last 12 months

Average days on market is based on recent, comparable sales in La Mesa. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 4850 Cypress Street

2025

Sold

$1,000,000

14 Nov 2025 by Kiera Holmes, of Balboa Realty

Happy sellers in La Mesa

We have insufficient information to provide an overview of customer satisfaction for La Mesa. Viewing the agent profiles, reviews and sales for La Mesa can provide insights for this location.