Browse All La Mesa CA Above $5 Million Properties for Sale

34 Beds ⋅ 22 Baths ⋅ 260016931 MLS ⋅ ACTIVE Status

The offering presents the opportunity to acquire a highly renovated 22-unit multifamily community located in the City of La Mesa, California. The property features a well-balanced unit mix of ten (10) 1-bedroom/1-bath units and twelve (12) 2-bedroom/1-bath units, all of which have been extensively upgraded with modern interior finishes. Notably, all 2-bedroom units are equipped with in-unit washer/dryers, a highly desirable amenity in the submarket. Since 2022, current ownership has invested approximately $1.2 million in capital improvements and interior renovations. These upgrades include fully remodeled unit interiors, exterior enhancements, and targeted improvements to select building systems. The property has been successfully repositioned as a stabilized, turnkey asset. The property benefits from strong regional accessibility, with direct access to Interstate 8 and State Route 125, as well as proximity to public transit. Two trolley stations are located within one mile of the property and are serviced by the Orange Line, providing convenient connectivity to Downtown San Diego and beyond. Foothill Manor represents an opportunity to acquire a fully renovated, institutionally upgraded multifamily asset located in a supply-constrained submarket with strong long-term rental demand fundamentals.

8969 Grossmont Blvd, La Mesa

$5,449,000

3 Beds ⋅ 6 Baths ⋅ PTP2604512 MLS ⋅ ACTIVE Status

7025 Boulevard Dr offers a renovated, turnkey, and desirable 20-unit garden style asset with immediate cashflow, remaining rental upside, and all major infrastructure system improvements. The property is ideally situated near major transportation corridors, steps away from the amenity and retail filled University Ave, and provides seasoned investors with the Golden Standard Class B location asset known to provide the strongest aggregate return and operational profile. Current ownership has completed significant capital improvements, eliminating all deferred maintenance and substantially reducing future expenses. Improvements include renovation of 16 units, major electrical system upgrades, epoxy-lined sewer mains, dual-pane windows, new pitched roofs, and numerous interior and exterior enhancements. The property consists of an ideal & diverse unit mix of (8) 2 Bed / 1 Bath, (8) 1 Bed / 1 Bath, and (4) Studio units. The property further provides an attractive 1:1 parking ratio and gated access. Ownership will benefit from meaningful economies of scale while maintaining the operational simplicity of a low-density garden style asset. The asset currently generates $462,538 GSI yielding a 5.19% in-place cap rate. There is approximately 12% income upside at conservative market rents to produce a forecasted $519,690 GSI and 5.95% market cap rate with minimal additional capital investment required. 7025 Boulevard Drive is strategically situated in what many seasoned San Diego multifamily investors consider the Golden Standard middle market location profile. The Property's Class B l 7025 Boulevard Dr offers a renovated, turnkey, and desirable 20-unit garden style asset with immediate cashflow, remaining rental upside, and all major infrastructure system improvements. The property is ideally situated near major transportation corridors, steps away from the amenity and retail filled University Ave, and provides seasoned investors with the Golden Standard Class B location asset known to provide the strongest aggregate return and operational profile. Current ownership has completed significant capital improvements, eliminating all deferred maintenance and substantially reducing future expenses. Improvements include renovation of 16 units, major electrical system upgrades, epoxy-lined sewer mains, dual-pane windows, new pitched roofs, and numerous interior and exterior enhancements. The property consists of an ideal & diverse unit mix of (8) 2 Bed / 1 Bath, (8) 1 Bed / 1 Bath, and (4) Studio units. The property further provides an attractive 1:1 parking ratio and gated access. Ownership will benefit from meaningful economies of scale while maintaining the operational simplicity of a low-density garden style asset. The asset currently generates $462,538 GSI yielding a 5.19% in-place cap rate. There is approximately 12% income upside at conservative market rents to produce a forecasted $519,690 GSI and 5.95% market cap rate with minimal additional capital investment required. 7025 Boulevard Drive is strategically situated in what many seasoned San Diego multifamily investors consider the Golden Standard middle market location profile. The Property's Class B location provides the ideal balance between acquisition basis, tenant quality, and long-term rental demand, producing notably stronger returns than higher-priced Coastal San Diego submarkets and significantly less operational challenges associated with Class C location assets and tenants.

7025 Boulevard Dr, La Mesa

$8,750,000

72 Beds ⋅ 48 Baths ⋅ 260012789 MLS ⋅ ACTIVE Status

This 24-unit multifamily offering presents a compelling opportunity to acquire a well-located asset comprised entirely of three-bedroom, two-bathroom floor plans, with large private yards for the downstairs units and balconies in 10 of the 14 upstairs units. Community amenities include a swimming pool, large patio space with a BBQ, community laundry facilities, extra storage, and abundant on-site parking. The offering represents a true value-add opportunity, with the potential to upgrade both unit interiors and the building exterior to achieve substantially higher rents. Ideally situated near La Mesa Village, the property benefits from a highly walkable neighborhood with a Walk Score of 87. Residents enjoy immediate access to restaurants, coffee shops, bars, and retail along La Mesa Blvd. The property is also approximately 0.8 miles from a San Diego Trolley station served by the Orange Line.

8694 Lemon Ave, La Mesa

$6,500,000

260004099 MLS ⋅ ACTIVE Status

For over 25 years, the property has been occupied by Hanger 94 - San Diego County’s largest retailer of surf, skateboard, snowboard and collection of skis. The property was previously occupied by Blockbuster. The owner of the property owns Hanger 94 and is willing to transfer the successful business to a new operator. This is a great opportunity for a Business Owner or Owner-User that wants to open a business or relocate their existing business to this phenomenal location, while taking advantage of SBA Financing. With a qualified buyer, the seller might even provide Seller financing. An Owner-User can advertise their business on the monument sign that overlooks Interstate 8 with nearly 200,000 cars per day. There is a tremendous amount of onsite parking and the potential to create a drive thru. The current owner has meticulously maintained the property with a recently resealed roof and the ceiling clearance height is 24 feet. The property is within immediate proximity to I-8 & the 125 freeway with a direct on/off ramp on Jackson Drive. Across the street is the Grossmont Center - a recently acquired 925,000 SF mall on 64 acres that is undergoing a major renovation. Other employers in the immediate area include Sharp Grossmont Hospital, Kaiser, Target, Walmart, Hobby Lobby, Guitar Center, Office Depot, Costco, Trader Joes and much much more.

5270 Jackson Dr, La Mesa

$5,900,000

14 Beds ⋅ 10 Baths ⋅ 250043888 MLS ⋅ ACTIVE Status

We proudly present 8870-78 La Mesa Blvd, part of the Fite Plaza / Bel Arms ensemble, a fully leased, income-producing, mixed-use property with immediate cash flow, and significant value-add or redevelopment upside. The asset combines a 5-tenant retail building (11,120 SF) with a 10-unit apartment complex, all on 0.86 acres in one of East County’s most accessible and desirable locations. The retail component generates stable cash flow from a diversified tenant roster, while the multifamily component offers upside through normalization of rents, interior upgrades, or repositioning. Because of the site’s compact footprint and location near major freeways and community amenities, a creative owner could explore infill or densification strategies. With limited new ground available in this submarket, this property represents a compelling opportunity to acquire a multi-layered real estate play in La Mesa.

8870-78 La Mesa Blvd, La Mesa

$5,100,000

4 Beds ⋅ 4 Baths ⋅ 230011600 MLS ⋅ CLOSED Status

THE FAMOUS ROTATING HOME! Welcome to the ONE and ONLY rotating home in San Diego! Featured on HGTV, Tom Scott youTube channel, countless articles and mentioned through word of mouth throughout San Diego. This unique and innovative property that can be best described as an architectural marvel showcasing an incredible combination of luxury, functionality, and technological advancements. Fixed as one of the highest home on Mount Helix, one of the most distinctive features of this home is its 5,100 sqft rotating second floor structure with 3,700 sqft of rotating living space, a 1,400 sqft rotating deck and 1,200 sqft fixed deck and includes top-of-the-line appliances, 43 solar panels, smart home technology, security systems, fire and earthquake protection and much more! The first floor offers a 2,100 sqft of fixed living space with a work bench area, 2 car garage with turn table to rotate cars 180 degrees, recreation room/granny flat, a full bath and full kitchenette! outside, you can enjoy a panoramic sunrise to sunset view of San Diego and 11 mature fruit trees on your Private 25,264 sqft lot! Don't miss this once in a lifetime opportunity to own this unique architectural masterpiece! There is truly nothing else like it. Featured in the HGTV, Tom Scott youTube channel, countless articles, The 10 Most Unique San Diego Homes and much more. This FAMOUS ROTATING HOME is a truly unique and innovative architectural marvel. Designed as a rotating home, it offers a one-of-a-kind living experience that combines functionality, luxury, and breathtaking views. This exceptional property boasts a cutting-edge design that allows the entire structure to rotate a full 360 degrees, providing its residents with the ability to adjust their surroundings to their liking. The rotating feature not only adds a touch of novelty but also serves a practical purpose by allowing occupants to optimize natural light and take advantage of the panoramic views from every angle. The exterior of the home showcases sleek lines, modern materials, and large windows that seamlessly blend with the surrounding environment. The thoughtful integration of outdoor spaces, such as balconies and terraces, further enhances the connection between indoor and outdoor living. Inside, the home exudes contemporary elegance and sophisticated style. The open floor plan maximizes the sense of space and fluidity, creating an airy and inviting atmosphere. High-end finishes, state-of-the-art appliances, and premium fixtures and fittings can be found throughout the property, reflecting a commitment to quality and luxury. The home's interior layout is designed with functionality and comfort in mind. It features spacious living areas, including a gourmet kitchen, a comfortable living room, and well-appointed bedrooms. Ample storage solutions and clever space utilization ensure that every square foot is optimized for practicality and convenience. One of the standout features of this rotating home is the emphasis on capturing breathtaking views. With large windows strategically placed throughout the property, residents can enjoy panoramic vistas of the surrounding landscape, cityscape, or waterfront, depending on the location of the home. The ability to rotate the home allows occupants to continually change their view and make the most of their surroundings. Furthermore, the property is equipped with modern technology and smart home features, providing a seamless and intuitive living experience. From automated systems for climate control, lighting, and security to integrated entertainment systems, the home offers a high level of comfort and convenience. Overall, this rotating home is an architectural masterpiece that pushes the boundaries of traditional design. Its innovative rotating feature, luxurious amenities, and breathtaking views combine to create an extraordinary living experience that is sure to captivate anyone seeking a unique and dynamic place to call home.

4903 Mount Helix Dr, La Mesa

$5,350,000

10 Beds ⋅ 10 Baths ⋅ PTP2504023 MLS ⋅ ACTIVE Status

Discover an unparalleled opportunity in Mt. Helix with this expansive 2.41-acre estate, comprising a 5,872-sq-ft Santa Barbarainspired main residence, a 2,428-sq-ft meticulously remodeled casita and a separate 0.77-acre ready-to-build vacant lot. The main residence blends architectural elegance with resort-style amenities, featuring interconnected octagonal structures and a dramatic tower room offering 360 panoramic views. Formal and casual living areas complement a chefs kitchen and a primary suite that opens to a wraparound terrace. An executive office adds functionality, while the lower level includes versatile bedrooms, auxiliary flex rooms, and a gym/storage space. Outdoors, botanical gardens with over 100 rose varieties, four tranquil fountains, and diverse specimen trees create a serene setting. Multiple pools and spas, including an elevated spa with sweeping views to the east, south, and westencompassing Downtown San Diego and Point Lomaprovide relaxation, while expansive terraces and a fully equipped outdoor kitchen enhance alfresco dining experiences. Centrally located between the pools, a two-story pool house features multiple bathrooms, a rejuvenating sauna, and the Las Brisas guest retreat with a detached gym/yoga studio and direct spa access. The casita, extensively renovated in 2018, offers a chefs kitchen, hardwood floors, exposed wood beam ceilings, and a separate downstairs studio with a full bath and kitchenette. Completing this exceptional estate is a generous buildable lot equipped with a private water well currently used for irrigation, offering sustai Discover an unparalleled opportunity in Mt. Helix with this expansive 2.41-acre estate, comprising a 5,872-sq-ft Santa Barbarainspired main residence, a 2,428-sq-ft meticulously remodeled casita and a separate 0.77-acre ready-to-build vacant lot. The main residence blends architectural elegance with resort-style amenities, featuring interconnected octagonal structures and a dramatic tower room offering 360 panoramic views. Formal and casual living areas complement a chefs kitchen and a primary suite that opens to a wraparound terrace. An executive office adds functionality, while the lower level includes versatile bedrooms, auxiliary flex rooms, and a gym/storage space. Outdoors, botanical gardens with over 100 rose varieties, four tranquil fountains, and diverse specimen trees create a serene setting. Multiple pools and spas, including an elevated spa with sweeping views to the east, south, and westencompassing Downtown San Diego and Point Lomaprovide relaxation, while expansive terraces and a fully equipped outdoor kitchen enhance alfresco dining experiences. Centrally located between the pools, a two-story pool house features multiple bathrooms, a rejuvenating sauna, and the Las Brisas guest retreat with a detached gym/yoga studio and direct spa access. The casita, extensively renovated in 2018, offers a chefs kitchen, hardwood floors, exposed wood beam ceilings, and a separate downstairs studio with a full bath and kitchenette. Completing this exceptional estate is a generous buildable lot equipped with a private water well currently used for irrigation, offering sustainable landscaping and potential for future development or added privacy. This estate masterfully combines architectural elegance, luxurious amenities, and breathtaking views, offering a one-of-a-kind living experience in the prestigious Mt. Helix community.

4652 Resmar Rd, La Mesa

$12,000,000

WS21258579 MLS ⋅ ACTIVE Status

Rare find unique large residential vacant raw land for sale in city of La Mesa down town area. Total 6 parcels for sale, approx 51.5 acres. three parcels are contiguous at about 50.38 acres, with accesses from Eastridge Dr, Tungsten Dr and High St, with views. The neighbor, West bound of these three parcels, adjacent approx nearly 10 acres have been already approved for 39 homes. This is a gold opportunity for developers or investors. Rare find unique large residential vacant raw land for sale in city of La Mesa down town area. Total 6 parcels for sale, approx 51.5 acres. three parcels are contiguous at about 50.38 acres, with accesses from Eastridge Dr, Tungsten Dr and High St, with views. The neighbor, West bound of these three parcels, adjacent approx nearly 10 acres have been already approved for 39 homes. This is a gold opportunity for developers or investors.

Eastridge, La Mesa

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