$8,950,000

8694 Lemon Ave La Mesa, CA 91941

Estimated payment $53,830/month

Total Views 3,648
72 Beds
48 Baths
26,206 Sq Ft
$342 Price per Sq Ft

Highlights

  • Community Barbecue Grill
  • La Mesa Arts Academy Rated 9+
  • Central Heating and Cooling System

About This Home

This 24-unit multifamily offering presents a compelling opportunity to acquire a well-located asset comprised entirely of three-bedroom, two-bathroom floor plans, with large private yards for the downstairs units and balconies in 10 of the 14 upstairs units. Community amenities include a swimming pool, large patio space with a BBQ, community laundry facilities, extra storage, and abundant on-site parking. The offering represents a true value-add opportunity, with the potential to upgrade both unit interiors and the building exterior to achieve substantially higher rents. Ideally situated near La Mesa Village, the property benefits from a highly walkable neighborhood with a Walk Score of 87. Residents enjoy immediate access to restaurants, coffee shops, bars, and retail along La Mesa Blvd. The property is also approximately 0.8 miles from a San Diego Trolley station served by the Orange Line.

Listing Agent

Eric Comer

Eric D. Comer, Broker License #00842230 Listed on: 05/27/2026

Property Details

Home Type

  • Multi-Family

Home Design

  • Stucco

Interior Spaces

  • 72 Bedrooms
  • 26,206 Sq Ft Home
  • 2-Story Property

Parking

  • 38 Parking Spaces
  • Parking Available

Utilities

  • Central Heating and Cooling System

Community Details

Overview

  • 2 Buildings
  • 24 Units

Additional Features

  • Community Barbecue Grill
  • Operating Expense $352,200

Property Details

Home Type

Multi-Family

Lot Details

0 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Property Sub Type: Com-Res Income
  • Community Features: BBQ
  • CapRate: 4.61
  • Co List Office Mls Id: 8042
  • Living Area: 26206.0
  • Structure Type: Apartment
  • FeedTypes: IDX
  • RFModificationTimestamp: 2026-05-27T20:28:32Z
  • FullAddress: 8694 Lemon Ave
  • ShortSale: No
  • Special Features: None

Interior Features

  • Total Bedrooms: 72

Exterior Features

  • Construction Type: Stucco

Garage/Parking

  • Parking Features: Spaces, Other/Remarks
  • Total Parking Spaces: 38.0

Utilities

  • Cooling: Central Forced Air Elec
  • Heating: Central Forced Air Elec
  • Laundry Features: Leased

Multi Family

  • Number Of Buildings: 2
  • Number Of Units Total: 24
  • Annual Operating Expense: 352200.0

Map

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Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $65,853 $4,170,037 $1,201,196 $2,968,841
2024 $35,116 $1,776,548 $355,289 $1,421,259
2023 $32,660 $1,741,715 $348,323 $1,393,392
2022 $31,795 $1,707,565 $341,494 $1,366,071
2021 $30,238 $1,674,085 $334,799 $1,339,286
2020 $28,980 $1,656,921 $331,367 $1,325,554
2019 $28,084 $1,624,433 $324,870 $1,299,563
2018 $27,825 $1,592,582 $318,500 $1,274,082
2017 $27,188 $1,561,355 $312,255 $1,249,100
2016 $26,233 $1,530,741 $306,133 $1,224,608
2015 $26,097 $1,507,749 $301,535 $1,206,214
2014 $25,605 $1,478,215 $295,629 $1,182,586
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
05/27/2026 05/27/26 For Sale $8,950,000 0.0% $342 / Sq Ft
02/04/2025 02/04/25 Off Market $2,695 -- --
12/18/2024 12/18/24 Price Changed $2,695 0.0% $3 / Sq Ft
12/13/2024 12/13/24 For Rent $2,695 -- --
Source: San Diego MLS

Source: San Diego MLS

MLS Number: 260012789

San Diego MLS

APN: 494-310-24-00

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