7991-95 La Mesa Boulevard

La Mesa, CA 91942

$2,800,000
Price
Beds
5,812 Sq. Ft.
$482 / Sq. Ft.
5,812
Sq. Ft.
$482
per Sq. Ft.

Description

Alta Pacific Realty is please to offer this value-add MIXED USE property on the high traffic corner of La Mesa Blvd. and Normal Ave. at the main entrance to the Vons Shopping Center! With over 90' of frontage on the high traffic artery of La Mesa Blvd., between University Ave. and Spring Street, this property benefits from the community shopping center and MTS Trolley station 2/10ths of a mile away. Currently, rents are significantly below market offering a new buyer the potential to substantially...Alta Pacific Realty is please to offer this value-add MIXED USE property on the high traffic corner of La Mesa Blvd. and Normal Ave. at the main entrance to the Vons Shopping Center! With over 90' of frontage on the high traffic artery of La Mesa Blvd., between University Ave. and Spring Street, this property benefits from the community shopping center and MTS Trolley station 2/10ths of a mile away. Currently, rents are significantly below market offering a new buyer the potential to substantially increase income. The property includes 2 buildings, built in 1957 -- 3,840 s.f. of retail space comprised of three suites, with 2 on a month-to-month basis and the 3rd expiring soon. The Residential building, with frontage on Normal Ave. offers 1,850 s.f. -- a 2Br/2Ba with 1,225 s.f. and a 625 s.f. 1 Br/1Ba, both with Off Street Pkg, both on Mo. to Mo. agreements. The Retail Building features monument & building signage and 18 on-site parking spaces along La Mesa Blvd. Seller finacing may be considered.
  1. Listed by Jeffrey Pastore • DRE #00929059 • Brokerage DRE #01449154 • Alta Pacific Realty • jeff@jeffpastore.com

Property Details for 7991-95 La Mesa Boulevard

Parking Spaces Total
20
Total Units
5.0
Lot Size Source
Assessor
Lot Size Dimensions
97x113
Building Area Total
5812
Building Area Units
Square Feet
Stories Total
1
Entry Level
1
LISTING UPDATED: 09/10/2024 03:02 AM

Property Details for 7991-95 La Mesa Boulevard

StatusActive
MLS #NDP2408116
Days on Market10
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1957
Lot Size0.25 AC / 11,070 SF
CountySan Diego County

Building Information for 7991-95 La Mesa Boulevard

Stories1Residences-Year Built1957Lot Size0.25 AC / 11,070 SF

Property Information for 7991-95 La Mesa Boulevard

Income / Expense / Tax Details
Income Details
  • Gross Scheduled Income: $0
  • Net Operating Income: $0
  • Cap Rate: 0.0
Expense Details
  • Operating Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Real Estate Tax Expense: $0
  • Total Expenses: $0
Community / Development
Community / Development
  • Investment Property: Yes
Property / Structure Info
Interior Features
  • Cooling: Central Air
  • Heating: Central
Exterior Features
  • Construction Materials: Block, Concrete, Drywall Walls, Stucco
  • Roof: Common Roof, Rolled/Hot Mop
  • Fence: No
Land/Lot Info
  • Sign on Property: No
  • Lot Features: 0-1 Unit/Acre, Corner Lot, Gentle Sloping, Lot 10000-19999 Sqft
  • Current Use: Commercial, Multi-Family
  • Current Commercial Use: Retail-mattress store, nail salon and dog wash
  • Topography: Gentle slope.
Parking Info
  • Uncovered Spaces: 20
Property / Structure Info
  • Building Status: Existing
  • Asset Class: Multi-Family, Retail
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,198
  • Unit Type Total Rent: $2,198
  • Unit Type Pro Forma: 3000
  • Unit Type Type: 1
  • Unit Type Description: Large (1,225 s.f.), 2 Br/2 ensuite Baths & walk in closets. Includes 1 offstreet parking spot.
Unit 2
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,700
  • Unit Type Total Rent: $1,700
  • Unit Type Pro Forma: 2000
  • Unit Type Type: 2
  • Unit Type Description: Large (625 s.f.) 1Br/1Ba with walk in closet. Includes 1 offstreet parking spot.
Unit Information
  • Number Of Units Leased: 5
  • Number Of Buildings: 2

Property History for 7991-95 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 7991-95 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
Charter - K to 8
Rating
School
Distance
La Mesa Dale Elementary School
PublicK to 6

La Mesa Arts Academy
Public4 to 8

Mount Miguel High School
Public9 to 12

Sparrow Academy
CharterK 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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7991-95 La Mesa Boulevard is a mixed use property for sale in La Mesa, CA 91942. This property was listed for sale on September 10, 2024 by Alta Pacific Realty, it's currently listed at $2,800,000. This listing's school districts are Grossmont Union High School District, La Mesa-Spring Valley School District. Nearby schools include La Mesa Dale Elementary School, La Mesa Arts Academy and Mount Miguel High School. 7991-95 La Mesa Boulevard is a 0-bed, 0-bath, 5,812 sqft mixed use property built in 1957.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Alta Pacific Realty, Jeffrey Pastore, DRE #00929059

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