$8,750,000
FOR SALEActive8694 Lemon Ave
La Mesa CA 91941
N/A
SF
Mixed Use
Type
N/A
Built
N/A
Cost/SF
Listing Agent
Location Analysis
About This Property
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.
Property Information
Property Overview
Commercial - MixedUse
Property Type
Active
Status
24
Total Units
4.98%
Cap Rate
$435K
NOI
38
Parking Total
Property Highlights
N/A Property
Prime Location with High Visibility
4.98% Cap Rate
Location Analysis
Building Details
Zoning & Use
Parking & Access
Utilities & Systems
Investment Metrics
4.98%
Cap Rate
$435,371
NOI
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Recent commercial sales in La Mesa
Sold $1,165,000SOLDMixed Use•5 units4483 Palm AvenueSold Jul 2026Berkshire Hathaway HomeServices California Properties | DRE #01096271Buyer's agent: Bob Kelly, Berkshire Hathaway HomeServices California Properties | DRE #01096271
Sold $1,525,000SOLDMixed Use•5 units4869 Pine StreetSold Apr 2026Marcus & Millichap | DRE #01981817Buyer's agent: Angelo La Bruna, Apartment Realty Group (ARG) | DRE #01991625
Sold $1,395,000SOLDMixed Use•6 units7759 University AveSold Mar 2026South Coast Commercial, Inc. | DRE #01862044Buyer's agent: Anh Tran, Your 1st Realty | DRE #01450059
- Sold $3,400,000SOLDMixed Use•16 units7630 NormalSold Oct 2025Eric D. Comer, Broker | DRE #00842230Buyer's agent: Eric Comer, Eric D. Comer, Broker | DRE #00842230
Sold $3,700,000SOLDMixed Use•12 units7425 Waite DrSold Aug 2025ACI Apartments | DRE #02055851Buyer's agent: Dave Plutner, DP Properties | DRE #01273425
Sold $2,463,861SOLD6,480 SF•Multi Family•8 units8105 19 Lemon AvenueSold Jun 2025Travis McAbee, Broker | DRE #01855969Buyer's agent: Bryce Mayer, Urban Sands Realty Inc. | DRE #02167614
Closed commercial sales reported, newest first.
CRMLS
MLS# 260012789SD
Listed:
Nalren refreshed:
Last updated
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Listed by: Eric D. Comer, Broker
Equal Housing Opportunity
Advertising Broker: Nalren Corp (CA DRE #02423715)
Licensed in the state of California
Nalren Corp (CA DRE #02423715) is the Advertising Broker for this IDX display. We are not the listing broker for this property. The listing broker/agent information is shown above. Contact the listing agent for inquiries.