$2,750,000

8105-19 Lemon Ave La Mesa, CA 91941

Estimated payment $17,997/month

Total Views 2,172
16 Beds
8 Baths
6,480 Sq Ft
$424 Price per Sq Ft

Highlights

  • No HOA
  • Laundry Room
  • No Heating
  • La Mesa Arts Academy Rated A-

About This Home

Discover an exceptional investment opportunity at 8105-19 Lemon Avenue, in the heart of La Mesa. This well-maintained, 8-unit apartment building offers eight nearly identical 2-bedroom, 1-bathroom units, ensuring consistent occupancy and simplified management. Situated in a highly desirable location, residents enjoy immediate access to a variety of dining and shopping options, as well as convenient freeway access for effortless commuting. This property boasts a proven track record of strong rental income and presents significant potential for future appreciation. Residents benefit from an on-site laundry room and each unit includes a dedicated storage area, adding to the property’s appeal. Capitalize on a prime location and a solid investment with this turn-key apartment building.

Listing Agent

Travis McAbee

Travis McAbee, Broker Brokerage Email: travism0503@gmail.com License #01855969

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1970

Lot Details

  • 7,356 Sq Ft Lot
  • No Common Walls

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage

Interior Spaces

  • 6,480 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Additional Features

  • Urban Location
  • No Heating

Listing and Financial Details

  • Tax Lot 470-602-01-00
  • Tax Tract Number 994
  • Assessor Parcel Number 4706020100

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Amenities

  • Laundry Facilities

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • Insurance Expense $1,288
  • Professional Management Expense $569
  • Trash Expense $283
  • New Taxes Expense $799
  • Operating Expense $2,938
  • Gross Income $15,960
  • Net Operating Income $13,021

Property Details

Home Type

Multi-Family

Year Built

Built in 1970

Lot Details

0

Parking

4

Listing Details

  • Assessments: No
  • CapRate: 5.80
  • Price Per Unit: 343750
  • Professional Management Expense: 568.75
  • Property Attached: No
  • View: No
  • Zoning: R-4:MULTIPLE RESIDENTIAL
  • Property Type: Residential Income
  • Parcel Number: 4706020100
  • Year Built: 1970
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Appliances: No
  • Entry Level: 1
  • Price Per Square Foot: 424.38

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 4.00
  • Parking: No
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: No
  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 283.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Storm Drains, Urban

Lot Info

  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 7356.00
  • Lot Size Acres: 0.1689

Multi Family

  • Gross Income: 15960.00
  • Gross Scheduled Income: 15960.00
  • Insurance Expense: 1288.00
  • Lot Size Area: 7356.0000 Square Feet
  • Net Operating Income: 13021.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Units Total: 8
  • Operating Expense: 2938.00
  • Rent Control: No
  • Total Expenses: 2938.00

Tax Info

  • New Taxes Expense: 799.00
  • Tax Lot: 470-602-01-00
  • Tax Tract Number: 000994

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/23/2025 04/23/25 For Sale $2,750,000 -- $424 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NDP2503931

California Regional Multiple Listing Service (CRMLS)