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$7,250,000
34 Beds 22 Baths 260016931 MLS ACTIVE Status
$250,000 Price Reduction! 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

$5,295,000
3 Beds 6 Baths PTP2604512 MLS ACTIVE Status
$250k Price Reduction !!! 7025 Boulevard Dr offers a renovated, turnkey, and desirable 20-unit garden style asset with immediate cashflow, remaining rental upside, and 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 replacement, brand new pitched roofs, epoxy-lined sewer mains, dual-pane windows, 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 $463,138 GSI yielding a 5.37% in-place cap rate. There is approximately 12% income upside at conservative market rents to produce a forecasted $524,010 GSI and 6.23% 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 pr $250k Price Reduction !!! 7025 Boulevard Dr offers a renovated, turnkey, and desirable 20-unit garden style asset with immediate cashflow, remaining rental upside, and 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 replacement, brand new pitched roofs, epoxy-lined sewer mains, dual-pane windows, 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 $463,138 GSI yielding a 5.37% in-place cap rate. There is approximately 12% income upside at conservative market rents to produce a forecasted $524,010 GSI and 6.23% 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

$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

$5,350,000
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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