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 Me
MLS #
SD230017096
MLS Source
San Diego MLS
Days on Site
244
Buyer's Brokerage Compensation*
2.00
Cooling
Window/Wall Unit
Garage/Parking
Carport, Other, Garage: Car(s)
Zoning
Mixed-Use
# Buildings | # Leased Units | # Total Units |
---|---|---|
1 | – | – |
5111 Wilson St & 8870-78 La Mesa Blvd. is a Residential Income in La Mesa, CA 91942. This – square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $6,250,000 and was built in –.
This address can also be written as 5111 Wilson St & 8870-78 La Mesa Blvd., La Mesa, CA 91942.©2024 San Diego MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from San Diego MLS.
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* The offer of compensation is made subject to the MLS rules where the listing is filed. Please contact your agent for any questions concerning this subject matter.
This listing information is up-to-date as of September 21, 2023. For the most current information, please contact Daniel Fefferman, (619) 733-9038