8870 La Mesa Blvd, La Mesa, CA 91942
- $5,900,000
- List Price
- $5,900,000
- Price Change
- ▼ $200,000 1775689546
- Status
- ACTIVE
- MLS#
- 250043888SD
- Days on Market
- 259
- Property Type
- Commercial
- Property Sub Type
- Mixed Use
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.
Additional Information
- Cooling
- Yes
- Attached Structure
- Detached
- Number Of Units Total
- 15
- Gross Scheduled Income
- $445,488
- Operating Expense
- 134669
Listing courtesy of Listing Agent: Aaron Bove (aaron.bove@colliers.com) from Listing Office: Colliers International.
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