La Mesa Homes with Mixed Use Subtype

Welcome to La Mesa, California—a charming suburban gem nestled in the heart of San Diego County. Known for its vibrant community spirit, La Mesa boasts a delightful blend of small-town charm and modern conveniences. With its picturesque tree-lined streets, historic downtown area, and a plethora of parks, La Mesa is an ideal location for families, young professionals, and retirees alike.

One of the standout features of La Mesa is its diverse housing market, particularly the homes with a mixed-use subtype. These properties offer a unique opportunity for residents to enjoy the best of both worlds—comfortable living spaces combined with the potential for commercial use. Imagine waking up in your cozy home and stepping out to your own café or boutique just downstairs! This innovative approach to living allows for a seamless work-life balance, making it perfect for entrepreneurs and those looking to invest in a vibrant community.

La Mesa is also home to a variety of amenities, including top-rated schools, delightful dining options, and an array of shopping experiences. The city hosts numerous events throughout the year, such as the popular La Mesa Village Farmers Market and the annual Oktoberfest, fostering a strong sense of community among its residents.

With its ideal location just a short drive from downtown San Diego and stunning beaches, La Mesa offers the perfect blend of suburban tranquility and urban access. Whether you’re looking to settle down or invest in a mixed-use property, La Mesa is a wonderful place to call home. Embrace the opportunity to create your ideal lifestyle in this enchanting city!

Newest La Mesa Homes with Mixed Use Subtype

$2,495,000

260017468SD MLS ⋅ Active Status

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.

4415 Rosebud Ln, La Mesa

$7,500,000

260016931SD MLS ⋅ Active Status

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.

8969 Grossmont Blvd, La Mesa

$8,750,000

260012789SD MLS ⋅ Active Status

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.

8694 Lemon Ave, La Mesa

$3,390,000

260008555SD MLS ⋅ Active Status

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.

6935 Hoffman Ave, La Mesa

$3,960,000

260002628SD MLS ⋅ Active Status

Waite Townhomes, located at 7125 Waite Drive in La Mesa, California, is a well-positioned twelve-unit townhome community offering a rare and highly desirable all–two-bedroom, one-and-a-half-bath floor plan configuration. The property consists of two six-unit buildings situated on a 21,104 square foot (±0.48-acre) lot, with twenty-six parking spaces arranged in thirteen tandem stalls, providing ample on-site parking for residents. Each townhome measures approximately 865 square feet and features a private rear patio, creating a more residential, single-family feel that appeals to long-term tenants and families seeking space, privacy, and outdoor living. The townhome-style layout, combined with uniform unit mix and generous square footage, supports stable tenancy and reduced turnover compared to traditional apartment product. Originally constructed in 1972, Waite Townhomes has been well maintained and thoughtfully improved, with eleven of the twelve units renovated to include upgraded interiors. Significant recent capital investment enhances the property’s long-term durability and operating efficiency, including a new roof installed in 2021, replacement of all windows and sliding glass doors in 2022, and over $300,000 in capital expenditures completed in 2025.

7125 Waite Drive, La Mesa

$5,900,000

250043888SD MLS ⋅ Active Status

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.

8870 La Mesa Blvd, La Mesa

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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.