8870 La Mesa Blvd, La Mesa, CA 91942
List Price: $5.9M
Listing Status: Active
Original List Price: $6.1M
0Days on Market: 195
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
MLS Number: 250043888SD
About This Property
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.
Listing provided by: Aaron Bove DRE #01318320 858-455-1515 aaron.bove@colliers.com, Colliers International
Source: CRMLS, MLS #: 250043888SD
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.