ActiveCommercial · sale

8694 Lemon Ave

La Mesa, CA 91941

$8,750,000

    Listed by Eric D. Comer, Broker · MLS #260012789SD

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    8694 Lemon Ave, La Mesa, CA 91941 · MLS #260012789SD

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    A FEW THINGS TO NOTICE

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    Details worth a look

    Community amenities include a swimming pool, large patio space with a BBQ, community laundry facilities, extra storage, and abundant on-site parking.

    Highlights from the listing description and property details. Confirm features with the listing agent.

    THE PROPERTY

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    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.

    THE NEIGHBORHOOD

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    8694 Lemon Ave, La Mesa, CA 91941

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    LOCAL MARKET CONTEXT

    San Diego County housing market

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    12-month price trend$917,223Up 1.4% vs. the previous 12 months
    Months of supply2.712-month average
    Days on market3312-month weighted average

    These figures describe the broader reporting area and do not determine this property’s value, condition, availability, or likely sale price.

    THE DETAILS

    The details, all in one place.

    Property type
    CommercialSale
    Category
    Commercial
    Heating
    ForcedAir
    Parcel
    4943102400
    HOA fee
    $0.00

    Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

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    Listing information

    MLS #260012789SD · California Regional MLS

    Listing brokerage: Eric D. Comer, Broker
    Listing agent: Eric Comer

    Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

    The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.