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Additional details
$ 5,900,000
Est. payment /mo
Active
8870-78 La Mesa Blvd La Mesa, CA 91942
14 Beds
10 Baths
18,048 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 18,048 sqft
Price per Sqft $326
MLS Listing ID 250043888
Bedrooms 14
Full Baths 10
Property Sub-Type Com-Res Income
Property 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 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.
Location
State CA
County San Diego
Area East County
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Others
Senior Community No
Tax ID 494-840-01 & 02
Virtual Tour https://www.propertypanorama.com/instaview/snd/250043888
Listed by Aaron Bove, DRE#01318320 Colliers International
NEARBY SCHOOL & BUSINESS
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