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La Mesa, CA Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,650
Monthly Cash Flow
-$2,461
Principal + Equity
$5,351
Annual Total Gain
$34,677
Cash on Cash
-13.67%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$236
Occupancy Rate
66.67%
Monthly Revenue
$3,536
Monthly Cash Flow
-$2,105
Principal + Equity
$5,351
Annual Total Gain
$38,949
Cash on Cash %
-11.69%
Net ROI %
Market Health & Growth
Median Income
$84,337
Population
60,835
LTR Renter %
54%
Forecast (1 yr)
1.1%
Appreciation (1 yr)
-2.79%
Appreciation (5 yr)
44.7%
Appreciation (10 yr)
87.85%
Job Growth
-1.06%
LTR Rentability
Low
STR Demand
85
STR Rentals
474
Top Public Schools
AHelix Charter High School
AThe Preuss School UC San Diego
A
A
A
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Most Diverse Suburbs in California
#81out of 526 markets
Best Suburbs for Young Professionals in California
#89out of 526 markets
Suburbs with the Best Public Schools in California
#202out of 526 markets
B
Public School
C-
Crime And Safety
D
Housing
A-
Nightlife
B-
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in La Mesa, CA.
As of September 2021, La Mesa, CA has regulations in place for short term rentals (STRs) that investors should be aware of before purchasing a property for this purpose.
1. Permit Requirement: In La Mesa, property owners must obtain a short term rental permit in order to legally operate a STR. This permit must be renewed annually and is subject to certain requirements and regulations.
2. Occupancy Limits: There are occupancy limits in place for STRs in La Mesa, which vary depending on the size of the property. It is important for investors to ensure that they comply with these limits to avoid any potential fines or penalties.
3. Noise Regulations: La Mesa has strict noise regulations in place, especially for properties used as short term rentals. Investors should be aware of these regulations and take steps to ensure that their guests comply with them to avoid any complaints or issues.
4. Transient Occupancy Tax: Property owners in La Mesa are required to collect and remit transient occupancy tax on short term rental stays. This tax must be paid to the city on a regular basis and failure to do so can result in penalties.
5. Homeowner's Association Rules: If the property is located within a homeowner's association (HOA), investors should also be aware of any additional rules or restrictions that may apply to short term rentals. Some HOAs may have their own regulations regarding rental properties.
Overall, investors considering purchasing a property in La Mesa for short term rental purposes should thoroughly research and understand the local regulations and requirements in order to operate their rental property legally and successfully.
Market Trends Over Time
Explore 25 years of market data for La Mesa, CA, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to La Mesa, CA.
The LTR Genie Score of La Mesa, CA is 52 and STR Genie Score is 65. The LTR Rentability is low, which may be attributed to the low LTR Rent Growth Rate of 0.0628%. On the other hand, the STR Net ROI is higher at 18.03%, indicating a better return on investment for short-term rentals. The 1-Year Price Appreciation Forecast of 1.1% suggests a slight increase in property values in the near future. The STR Occupancy rate of 66.67% and STR Revenue of 3536 also point towards a strong performance in the short-term rental market.
Overall, the STR Genie Score is higher than the LTR Genie Score, indicating that La Mesa, CA may be more attractive for short-term rental investments. With a higher potential for ROI and occupancy rates in the short-term rental market, real estate investors may find more success in this area. However, it is important to consider the market trends and demand for both long-term and short-term rentals in La Mesa before making a decision.
La Mesa, CA is a suburban city located in San Diego County, known for its family-friendly neighborhoods, parks, and community events. The city offers a mix of housing options, from single-family homes to apartments, making it a diverse market for real estate investors to explore. Additionally, La Mesa's proximity to San Diego and its amenities make it an attractive location for both residents and visitors alike.