8870 La Mesa Boulevard
$6,250,000
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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.
- Listed by Daniel J Fefferman • DRE #02026109 • Define Real Estate
Property Details for 8870 La Mesa Boulevard
City Postal ID
LA MESA (91942)
LISTING UPDATED: 09/01/2023 11:35 AM
Property Details for 8870 La Mesa Boulevard
Status | Active |
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MLS # | 230017096 |
Days on Market | 477 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Commercial-Res Income |
Year Built | - |
Lot Size | 0.83 AC / 35,945 SF |
County | San Diego County |
Building Information for 8870 La Mesa Boulevard
Stories-Residences-Year Built-Building Size-Lot Size0.83 AC / 35,945 SF
Property Information for 8870 La Mesa Boulevard
Property History for 8870 La Mesa Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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 |
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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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