8870 La Mesa Boulevard

La Mesa, CA 91942

$6,250,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Value add opportunity! Offered for sale is a mixed-use investment or redevelopment opportunity in the City of La Mesa comprised of a 10-unit apartment complex and a 5-unit commercial retail center. Just Southwest of the 8 and 125 intersection, this property features easy access to Grossmont Center, Sharp Grossmont Hospital and San Diego State University. Additional Benefit include the large selection of restaurants and shops in Historic Downtown La Mesa. 5111 Wilson St. is a fully occupied 10 unit...Value add opportunity! Offered for sale is a mixed-use investment or redevelopment opportunity in the City of La Mesa comprised of a 10-unit apartment complex and a 5-unit commercial retail center. Just Southwest of the 8 and 125 intersection, this property features easy access to Grossmont Center, Sharp Grossmont Hospital and San Diego State University. Additional Benefit include the large selection of restaurants and shops in Historic Downtown La Mesa. 5111 Wilson St. is a fully occupied 10 unit apartment complex located directly behind the commercial retail center. This well maintained complex is comprised of (4) 2 bed / 1 bath units and (6) 1 bed / 1 bath units, covered parking and detached laundry room. Courtyard style property shows high pride of ownership and consistent updating and maintenance under current ownership. Rents are month-to-month and below market to allow new owner the ability to realize upside through renovation and rental increases or redevelop lot to maximize density. 8870 - 78 La Mesa Blvd. is a fully occupied 5 tenant retail center plus storage yard. With monument signage and high traffic count. This property has great visibility 10 parking spaces and ample on street parking.
  1. Listed by Daniel J Fefferman • DRE #02026109 • Define Real Estate

Property Details for 8870 La Mesa Boulevard

City Postal ID
LA MESA (91942)

Location

Listing Courtesy of Define Real Estate, Daniel J Fefferman, DRE #02026109
Add your commute
LISTING UPDATED: 09/01/2023 11:35 AM

Property Details for 8870 La Mesa Boulevard

StatusActive
MLS #230017096
Days on Market238
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial-Res Income
Year Built-
Lot Size0.83 AC / 35,945 SF
CountySan Diego County

Location

Listing Courtesy of Define Real Estate, Daniel J Fefferman, DRE #02026109
Add your commute

Building Information for 8870 La Mesa Boulevard

Stories-Residences-Year Built-Building Size-Lot Size0.83 AC / 35,945 SF

Payment Calculator

$34,109 per month

30 year fixed, 7.25% Interest

Principal and Interest

$34,109

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 8870 La Mesa Boulevard

Summary Information
Property and Location
  • System ID: 230017096
  • Class: COMMERCIAL-RES INCOME
  • Street Number Numeric: 5111
  • Street Name: Wilson St & 8870-78 La Mesa Blvd.
  • Map Coordinates: 1271A1
  • Market Area: East County
Property Information
Property and Assessments
  • Entry Only: No
  • Lot Size: .75 through 1.5 Acres
  • Zoning: Mixed-Use
  • Assessors Parcel Num: 494-840-01-00
Multi Family Information
Building Details
  • Age: 1957
  • Have: 0
  • Motive/Want: To Sell
  • Parking: Carports, Spaces
  • SqFt of Improvement: 0

Property History for 8870 La Mesa Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 8870 La Mesa Boulevard

This home is within Grossmont Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 4 to 8
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Lemon Avenue Elementary School
PublicK to 6

La Mesa Arts Academy
Public4 to 8

Grossmont High School
Public9 to 12

Trust Blended Learning
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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8870 La Mesa Boulevard is a multi-family home for sale in La Mesa, CA 91942. This property was listed for sale on September 1, 2023 by Define Real Estate, it's currently listed at $6,250,000. This listing's school districts are Grossmont Union High School District, La Mesa-Spring Valley School District. Nearby schools include Lemon Avenue Elementary School, La Mesa Arts Academy and Grossmont High School. 8870 La Mesa Boulevard is a 0-bed, 0-bath, multi-family home.

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Listing Courtesy of Define Real Estate, Daniel J Fefferman, DRE #02026109

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