La Mesa CA Real Estate & Commercial for Sale

Prime opportunity to own a beautifully remodeled professional office building in the heart of the La Mesa Village. Offering 3,049 sq. ft. of highly functional space, this property was rebuilt from the slab up in 2004 and has been meticulously maintained. Currently operating as a Real Estate and CPA/Tax office, the building is zoned CO-43, allowing for a wide variety of professional, financial, medical, and retail service uses. Designed in a classic Craftsman style, the building blends seamlessly with the charm and character of the Village - a rare offering in a location where properties seldom become available. The interior features a professional reception lobby, a large conference room, multiple private offices, two executive offices, and a well-appointed kitchen and break room. A unique roll-up door opens to the rear alley, providing easy access for staff and deliveries. The property is equipped with a full security system with cameras, ensuring a secure work environment. Parking includes community permit parking plus paid public parking for clients. Just steps from the best of La Mesa Village, employees and clients can enjoy nearby restaurants, boutique shopping, the weekly Farmers Market, seasonal holiday events, and classic Village car shows.

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 5.58% CAP on actuals // 7.72% 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.

Excellent opportunity for residential apartment or mix usage development on El Cajon Blvd. 5 mins from down town La Mesa. Property has up to 15 cars parking with rollup garage door. Chapter 24.06 Section 24.06.020 https://library.municode.com/ca/la_mesa/codes/code_of_ordinances?nodeId=TIT24ZO_CH24.06COZODERE_24.06.020PESTUS Chapter 24.18 Mixed Use Overlay https://library.municode.com/ca/la_mesa/codes/code_of_ordinances?nodeId=TIT24ZO_CH24.18MIUSOVZOU Chapter 24.04 Parking Section 24.04.050 https://library.municode.com/ca/la_mesa/codes/code_of_ordinances?nodeId=TIT24ZO_CH24.04PA_24.04.050OREPARE