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Multifamily

Guava Gardens

5035-49 Guava Ave, La Mesa, CA 91942

Listing Price: Request For Offer

Number of Units
81
Occupancy
100.0%
Gross SF
36,500

Investment Overview

We are proud to present Guava Gardens, an 81-unit value-add Low- and Moderate-Income Housing Community for Active Adults aged 62 and over, located in the vibrant city of La Mesa, California. This thoughtfully designed property offers a harmonious blend of livable space and community-focused amenities, creating an environment that promotes comfort, connection, and quality of life.

Strategically positioned along the high-growth Interstate 8 Corridor in East County San Diego, Guava Gardens benefits from a serene, green setting that contrasts with the density of metropolitan San Diego. The project originally began as a land purchase and it’s structure was completed in 1986. Today, it stands as one of only six Low- and Moderate-Income Housing projects supported by the City of La Mesa. The property is governed by a Development Agreement established in 1984 and Land Use Plans adopted by the City, which ensure the permanent operation of rent-restricted senior housing.

These plans are monitored annually by city officials to maintain compliance and quality standards.
Guava Gardens features a balanced unit mix of 40 studio apartments measuring 401 square feet and 41 one-bedroom units measuring 500 square feet. Each residence is designed with open floorplans, private patios or balconies with sunscreens, and kitchens equipped with hardwood cabinetry, electric ranges, disposals, and hood vents. There are two elevators on site, both replaced in 2025. Bathrooms offer large vanities and ample space, while units also include generous closet storage, air conditioning, individual climate control, cable hookups, and wheelchair accessibility, with designated handicapped units available. The building is elevator served and includes disability access and on-site fire hydrants for added safety.

Residents enjoy a comprehensive amenities package that includes a sparkling resort-style swimming pool with sundeck, a relaxing spa, recreation room with cable/satellite TV, library, and outdoor social gathering areas. Additional conveniences include on-site laundry facilities, secure pedestrian entryways with perimeter gates, telephone entry system, remote access parking with both open and tuck-under spaces, and an on-site manager’s office to support daily operations and residential needs. The location of Guava Gardens is exceptional for senior living, offering close proximity to premier healthcare providers.

Kaiser Permanente Medical and Urgent Care is just 0.9 miles away, Alvarado Hospital is 1.9 miles away, and Sharp Grossmont Hospital—East County’s largest medical facility—is only 2.4 miles from the property. Notably, Concentra Medical Center is located on the same block, providing immediate access to urgent care, physical therapy, medical screenings, and specialist services.Beyond healthcare, residents benefit from convenient access to shopping at Grossmont Center and Fashion Valley, scenic walking trails around Lake Murray and Mission Trails Regional Park, a wide variety of dining options, and excellent public transportation via the La Mesa and Grossmont Trolley Stations, located 0.7 and 1.2 miles away respectively.

Investment Highlights

  • High-impact value-add community for low- and moderate income seniors (62+), one of only six affordable housing developments serving that demographic of residents in La Mesa.
  • Thoughtfully designed unit mix tailored for active adults, featuring 40 studio/1-bath and 41 one-bedroom/1-bath floorplans, with an average unit size of 451 square feet.
  • Prime location adjacent to key healthcare providers, including Concentra Medical Center located on the same block.
  • Robust amenities package includes a resort-style pool with sundeck, spa, recreation room with cable/satellite TV, outdoor social gathering spaces, on-site laundry, secure pedestrian entryways, and dedicated on-site parking.
  • Highly walkable neighborhood with convenient acces to major shopping centers, dining, parks, outdoor recreation, and high quality MTS public transportation. Historic La Mesa Village is less than one mile away.
  • First Time on the Market - Sellers purchased this asset directly from the developer and have owned and meticulously operated the property ever since.

Exclusively Listed By

Multifamily

Guava Gardens

Listing Price: Request For Offer

Number of Units
81
Occupancy
100.0%
Gross SF
36,500

Investment Highlights

  • High-impact value-add community for low- and moderate income seniors (62+), one of only six affordable housing developments serving that demographic of residents in La Mesa.
  • Thoughtfully designed unit mix tailored for active adults, featuring 40 studio/1-bath and 41 one-bedroom/1-bath floorplans, with an average unit size of 451 square feet.
  • Prime location adjacent to key healthcare providers, including Concentra Medical Center located on the same block.
  • Robust amenities package includes a resort-style pool with sundeck, spa, recreation room with cable/satellite TV, outdoor social gathering spaces, on-site laundry, secure pedestrian entryways, and dedicated on-site parking.
  • Highly walkable neighborhood with convenient acces to major shopping centers, dining, parks, outdoor recreation, and high quality MTS public transportation. Historic La Mesa Village is less than one mile away.
  • First Time on the Market - Sellers purchased this asset directly from the developer and have owned and meticulously operated the property ever since.

Investment Overview

We are proud to present Guava Gardens, an 81-unit value-add Low- and Moderate-Income Housing Community for Active Adults aged 62 and over, located in the vibrant city of La Mesa, California. This thoughtfully designed property offers a harmonious blend of livable space and community-focused amenities, creating an environment that promotes comfort, connection, and quality of life. Strategically positioned along the high-growth Interstate 8 Corridor in East County San Diego, Guava Gardens benefits from a serene, green setting that contrasts with the density of metropolitan San Diego. The project originally began as a land purchase and it’s structure was completed in 1986. Today, it stands as one of only six Low- and Moderate-Income Housing projects supported by the City of La Mesa. The property is governed by a Development Agreement established in 1984 and Land Use Plans adopted by the City, which ensure the permanent operation of rent-restricted senior housing. These plans are monitored annually by city officials to maintain compliance and quality standards. Guava Gardens features a balanced unit mix of 40 studio apartments measuring 401 square feet and 41 one-bedroom units measuring 500 square feet. Each residence is designed with open floorplans, private patios or balconies with sunscreens, and kitchens equipped with hardwood cabinetry, electric ranges, disposals, and hood vents. There are two elevators on site, both replaced in 2025. Bathrooms offer large vanities and ample space, while units also include generous closet storage, air conditioning, individual climate control, cable hookups, and wheelchair accessibility, with designated handicapped units available. The building is elevator served and includes disability access and on-site fire hydrants for added safety. Residents enjoy a comprehensive amenities package that includes a sparkling resort-style swimming pool with sundeck, a relaxing spa, recreation room with cable/satellite TV, library, and outdoor social gathering areas. Additional conveniences include on-site laundry facilities, secure pedestrian entryways with perimeter gates, telephone entry system, remote access parking with both open and tuck-under spaces, and an on-site manager’s office to support daily operations and residential needs. The location of Guava Gardens is exceptional for senior living, offering close proximity to premier healthcare providers. Kaiser Permanente Medical and Urgent Care is just 0.9 miles away, Alvarado Hospital is 1.9 miles away, and Sharp Grossmont Hospital—East County’s largest medical facility—is only 2.4 miles from the property. Notably, Concentra Medical Center is located on the same block, providing immediate access to urgent care, physical therapy, medical screenings, and specialist services.Beyond healthcare, residents benefit from convenient access to shopping at Grossmont Center and Fashion Valley, scenic walking trails around Lake Murray and Mission Trails Regional Park, a wide variety of dining options, and excellent public transportation via the La Mesa and Grossmont Trolley Stations, located 0.7 and 1.2 miles away respectively.

Exclusively Listed By

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