8694 Lemon Ave, La Mesa, CA 91941
- $8,950,000
- List Price
- $8,950,000
- Status
- ACTIVE
- MLS#
- 260012789SD
- Days on Market
- 61
- Property Type
- Commercial
- Property Sub Type
- Mixed Use
Property Description
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.
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Additional Information
- Heat
- Forced Air
- Cooling
- Yes
- Exterior Construction
- Stucco
- Attached Structure
- Detached
- Number Of Units Total
- 24
- Gross Scheduled Income
- $797,304
- Operating Expense
- 352200
Listing courtesy of Listing Agent: Eric Comer (eric.comer@kidder.com) from Listing Office: Eric D. Comer, Broker.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.