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

$6,250,000

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0 Bed
0 Bath
.83 Acre
0 Garage

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.

Essential Information

MLS® #
230017096SD
Price
$6,250,000
Bathrooms
0.00
Acres
0.83
Type
Commercial Sale
Sub-Type
Mixed Use
Status
Active

Community Information

Area
91942 - La Mesa
City
La Mesa
County
San Diego
Zip Code
91942
Senior Community
N

Address

5111 Wilson St & 8870-78 La Mesa Blvd.

Interior

Cooling
Wall/Window Unit(s)

Additional Information

Date Listed
September 1st, 2023
Days on Market
263
Zoning
Mixed-Use

Listing Details

Agent
Daniel Fefferman
Office
Define Real Estate

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Based on information from California Regional Multiple Listing Service, Inc. as of May 21st, 2024 at 12:45pm PDT. 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.