La Mesa CA Real Estate & Commercial for Sale

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.

**12-Unit Value-Add Opportunity 5.05% CAP on actuals // 7.05% on Proforma** Comprised of All 3-Bdrm Cottage Style Apartment Homes Large 41,817sf Lot (10 Buildings) Each Unit has Private Yard, Off-Street Parking, & Washer/Dryer Extremely Rare and Unique Asset North of El Cajon Blvd and Just South of I-8 Situated near shops, restaurants, and local services with close proximity to the freeway Located in One of San Diego's Strongest Rental Markets Proforma CAP: 7.05% Proforma GRM 9.92

Situated on the corner of El Cajon Blvd and Keeney Street. Outstanding location, close to medical offices, retail and multi-family housing and single family residences. A short distance to the freeway. Great street exposure, plenty of parking.