8969 Grossmont Blvd, La Mesa, CA 91941
List Price: $7.5M
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
MLS Number: 260016931SD
About This Property
The offering presents the opportunity to acquire a highly renovated 22-unit multifamily community located in the City of La Mesa, California.? The property features a well-balanced unit mix of ten (10) 1-bedroom/1-bath units and twelve (12) 2-bedroom/1-bath units, all of which have been extensively upgraded with modern interior finishes.? Notably, all 2-bedroom units are equipped with in-unit washer/dryers, a highly desirable amenity in the submarket.? Since 2022, current ownership has invested approximately $1.2 million in capital improvements and interior renovations.? These upgrades include fully remodeled unit interiors, exterior enhancements, and targeted improvements to select building systems.? The property has been successfully repositioned as a stabilized, turnkey asset.? The property benefits from strong regional accessibility, with direct access to Interstate 8 and State Route 125, as well as proximity to public transit.? Two trolley stations are located within one mile of the property and are serviced by the Orange Line, providing convenient connectivity to Downtown San Diego and beyond.? Foothill Manor represents an opportunity to acquire a fully renovated, institutionally upgraded multifamily asset located in a supply-constrained submarket with strong long-term rental demand fundamentals.?
Listing provided by: Eric Comer DRE #00842230 858-509-1200 eric.comer@kidder.com, Eric D. Comer, Broker
Source: CRMLS, MLS #: 260016931SD
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.