$1,279,000
●
House -
For Sale
4003 Paula Street
La Mesa, CA 91941
5 Beds
4 Baths,
1
Half Bath
2,331 Ft²
$6,281
Est. Monthly
About This Property
A rare opportunity to own two detached homes on one property, now
offered at a compelling new price. With separate addresses, private
entrances, and individual utilities, this exceptional offering is
perfectly suited for multigenerational living, income generation,
or investment. The main residence at 4003 Paula is a
beautifully renovated (2025) 3-bedroom, 2-bath home showcasing an
open-concept design, LVP flooring, recessed lighting, and a
chef-inspired kitchen with premium stainless steel appliances.
The detached 7132 Hoffman ADU with fully owned Solar, newly
built and fully permitted in 2021, offers 2 bedrooms, 2.5
bathrooms, a private garage, patio, and in-unit washer and
dryer-ideal for extended family, guests, or producing immediate
rental income. Modern, turnkey, and exceptionally versatile,
this is a unique opportunity to own two detached homes on one
property-now offered at a price that reflects outstanding value.
Unit Size
2,331 Ft²
Days on Market
94 days
Land Size
0.14 acres
Price per sqft
$549
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1941
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 months ago (SDMLS #260017328SD)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 17, 2026 | Listed by Keller Williams La Jolla | $1,279,000 | |
| Listed by Keller Williams La Jolla | |||
| Apr 25, 2025 | Listed | $1,387,800 | |
| Listed | |||
| | |||
|
Excellent investment opportunity, live in one and rent out the other featuring two detached, tenant-occupied homes on one lot in La Mesa. The main home (4003 Paula) offers 1,287 sq ft, 3 bedrooms, and 2 baths, renovated in 2021 with off-street parking. The ADU (7132 Hoffman), built in 2021, includes 1,044 sq ft, 2 bedrooms, 2.5 baths, private yard, in-unit laundry, and access to a two-car garage and driveway. Combined rental income is currently $7,140 per month. Both homes feature private yards and modern amenities, centrally located near shopping, dining, and major freeways.
| |||
Property Highlights
Garage
Air Conditioning
Parking Details
Has Garage
Attached Garage
Parking Features: Driveway
Garage Spaces: 2
Open Parking Spaces: 3
Interior Details
Half Bathrooms: 1
Full Bathrooms: 4
Interior Features: Eat-in Kitchen, Walk-In Closet(s), SeparateFormalDiningRoom, BedroomOnMainLevel, MainLevelPrimary
Appliances: Electric Range, Gas Range, GasCooking
Laundry Features: Electric Dryer Hookup, Gas Dryer Hookup, In Garage
Exterior Details
Square Footage: 2331
Square Footage Source: $0
Property Condition: Updated/Remodeled, Turnkey
Year Built: 1970
Levels: One
Other Structures: Guest House
Construction Materials: Stucco
Pool Features: None
Lot Size Area: 6001
Lot Size Units: Square Feet
Lot Size Acres: 0.1378
Lot Size Square Feet: 6001
Utilities Details
Cooling Type: Central Air
Heating Type: Electric, Forced Air, Natural Gas
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
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Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About La Mesa
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Listed by: Carlos Pedroncelli, Keller Williams La Jolla
Last Updated: 3 months ago
Data Source: CRMLS, MLS# 260017328SD
Last Updated: 3 months ago
Data Source: CRMLS, MLS# 260017328SD
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