8870 La Mesa Blvd, La Mesa, CA 91942
  • MLS#: 250043888SD ( Commercial/Residential )
  • Street Address: 8870 La Mesa Blvd
  • Viewed: 4
  • Price: $6,100,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 7
  • Additional Information
  • County: SAN DIEGO
  • City: La Mesa
  • Zipcode: 91942
  • Provided by: Marcus & Millichap
  • Contact: Aaron Aaron
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    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 Countys 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 sites 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.
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Features
Country
  1. US
Parcel Number
  1. 49484001 & 02
Property Type
  1. Commercial/Residential
Totalmonthlyrent
  1. 37124