La Mesa CA Real Estate & Commercial for Sale

5.54% current cap rate with a clear path to 6.23%. Newly priced at $2,495,000, 4415 Rosebud Lane offers 10 La Mesa units at $249,500 per unit, strong in-place income and approximately $109,000 in recent capital improvements, including a new roof, upgraded electrical service and panels, and completed SB 721 work with new stairs, railings and catwalks. The unit mix includes four studios, four 1BR units and two 2BR units, plus PARKING for every apartment, covered parking with storage and on-site laundry. Current operations reflect an 11.15 GRM and 5.54% cap rate, with projected performance of a 10.33 GRM and 6.23% cap rate as leases roll and allowable rent increases are implemented. Conveniently located near La Mesa Village, shopping, parks, transit and freeway access.

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.

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.

The property is currently used as a car lot.

Exceptional La Mesa 8-unit multifamily opportunity. 6935 Hoffman Ave. + 3979-89 King St. delivers consistent in-place income supported by a strong unit mix and long-term tenancy. The improvements include (1) 3-bedroom / 1-bath home, (1) 1-bedroom / 1-bath home, and (6) 2-bedroom / 1-bath units across three duplex structures. All units are single story and feature newer appliances and private fenced backyards. The duplex structures have been extensively renovated down to the studs, including major capital improvements such as newer roofs, plumbing, electrical, and related systems. These upgrades materially reduce near-term capital expenditure exposure and provide a more predictable ownership profile. From a location standpoint, the property is situated on a large .72 acre corner lot and benefits from a well-connected La Mesa setting. Ideally located near La Mesa Village, Grossmont Center, public transit, and major freeway access providing convenient regional connectivity throughout San Diego County. The asset is also positioned within close proximity to San Diego State University, further supporting long-term rental demand in the surrounding area. Altogether, the property offers a compelling combination of stable income, limited near-term capital needs, and a highly accessible East County location.

Exceptional 10-unit multifamily opportunity in prime La Mesa featuring $109,000 in recent capital improvements, including a new roof (2024), SB721 balcony completion with new railings and stairways (2025), and electrical upgrade (2025). These major upgrades enhance insurability and streamline financing for the next owner. Built in 1959, the property consists of 10 units totaling approximately 5,940 rentable SF on an 11,346 SF lot with a desirable mix of 4 studios, 4 one-bedrooms, and 2 two-bedrooms, offering broad tenant appeal and income diversification. Property includes parking for each unit and on-site laundry, adding convenience and additional income potential. Well-positioned asset offering strong in-place income with rental upside in one of East County's most desirable rental markets. Ideal for investors seeking stable cash flow with significant recent capital improvements already completed.

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.

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.

Situated on the corner of El Cajon Blvd and Keeney Street. Outstanding location, close to medical offices, retail and multi-family housing and single family residences. A short distance to the freeway. Great street exposure, plenty of parking.

Excellent opportunity for residential apartment or mix usage development on El Cajon Blvd. 5 mins from down town La Mesa. Property has up to 15 cars parking with rollup garage door. Chapter 24.06 Section 24.06.020 https://library.municode.com/ca/la_mesa/codes/code_of_ordinances?nodeId=TIT24ZO_CH24.06COZODERE_24.06.020PESTUS Chapter 24.18 Mixed Use Overlay https://library.municode.com/ca/la_mesa/codes/code_of_ordinances?nodeId=TIT24ZO_CH24.18MIUSOVZOU Chapter 24.04 Parking Section 24.04.050 https://library.municode.com/ca/la_mesa/codes/code_of_ordinances?nodeId=TIT24ZO_CH24.04PA_24.04.050OREPARE