7932-7936 La Mesa Blvd Immeuble residentiel 18 lots 3 958 041 € (219 891 €/Lot) Taux de capitalisation 4,48 % La Mesa, CA 91942

7932-40 La Mesa Blvd, is a well-maintained 16-unit multifamily property plus 2 ground floor commercial suites for 18 total units. The asset has been professionally managed and features ample off-street parking, storage, and on-site laundry facilities. The unit mix consists of one- and two-bedroom units, catering to a broad tenant base.
Situated in a safe neighborhood across from a church and school, the property benefits from a quiet setting while maintaining close proximity to nearby retail corridors and the College Area. There is an abundance of retail within walking distance including restaurants, Starbucks, and grocery.
The property has historically maintained high occupancy, with a majority of tenants in place long-term and currently operating on month-to-month leases at below-market rents. This dynamic presents a clear and immediate value-add opportunity through rental repositioning.
The vacant commercial component offers an interesting opportunity to covert this space to residential units via ADUs, which would result in 17 or 18 multifamily units. Buyer to confirm this strategy with the City of La Mesa.