$6,250,000 $33,551 est/mo Sourced by Back At You

5111 Wilson St & 8870-78 La Mesa Blvd.,La Mesa, CA 91942

La Mesa CA, 91942

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Description

Value add opportunity! Offered for sale is a mixed-use investment or redevelopment opportunity in the City of La Mesa comprised of a 10-unit apartment complex and a 5-unit commercial retail center. Just Southwest of the 8 and 125 intersection, this property features easy access to Grossmont Center, Sharp Grossmont Hospital and San Diego State University. Additional Benefit include the large selection of restaurants and shops in Historic Downtown La Mesa. 5111 Wilson St. is a fully occupied 10 unit apartment complex located directly behind the commercial retail center. This well maintained complex is comprised of (4) 2 bed / 1 bath units and (6) 1 bed / 1 bath units, covered parking and detached laundry room. Courtyard style property shows high pride of ownership and consistent updating and maintenance under current ownership. Rents are month-to-month and below market to allow new owner the ability to realize upside through renovation and rental increases or redevelop lot to maximize density. 8870 - 78 La Mesa Blvd. is a fully occupied 5 tenant retail center plus storage yard. With monument signage and high traffic count. This property has great visibility 10 parking spaces and ample on street parking.

Details

MLS#230017096SD
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Days On Site263
Listing Provided ByDefine Real Estate 619-733-9038 | Daniel Fefferman

Features

Units15
Building(s)1
ZoningMixed-Use
Acreage0.83

Market Activity 91942

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Listings Checked: 3 minutes ago
StateCA
CountySan Diego
CityLa Mesa
Zip Code91942
Area91942 La Mesa
Listing VS Median (in 91942)
Price:
$6,250,000
low | high
Med:
$835,000
100% of Average
On Site:
263
low | high
Med:
34.000000
100% of Average
Sourced by Back At You
Listing Updated: April 18, 2024 at 6:20:14 AM PDT