$6,100,000

8870-78 La Mesa Blvd La Mesa, CA 91942

Estimated payment $38,187/month

3 Beds
2 Baths
18,048 Sq Ft
$338 Price per Sq Ft

About This Home

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 Agent

Aaron Marcusmillichap

Marcus & Millichap License #01318320 Listed on: 11/12/2025

Property Details

Home Type

  • Multi-Family

Home Design

Interior Spaces

  • 3 Bedrooms
  • 18,048 Sq Ft Home
  • 2-Story Property

Community Details

Overview

  • 2 Buildings
  • 15 Units

Building Details

  • Operating Expense $134

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Property Sub Type: Com-Res Income
  • CapRate: 4.76
  • Co List Office Mls Id: 62951
  • Living Area: 18048.0
  • ShortSale: No
  • Special Features: None

Interior Features

  • Total Bedrooms: 3

Multi Family

  • Number Of Buildings: 2
  • Number Of Units Total: 15
  • Annual Operating Expense: 134.0
  • Total Actual Rent: 37124.0

Map

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
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List Price
Sold Price
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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 List to Sale Price per Sq Ft
11/12/2025 11/12/25 For Sale $6,100,000 -- $338 / Sq Ft
Source: San Diego MLS

Source: San Diego MLS

MLS Number: 250043888

San Diego MLS
California San Diego County La Mesa 91941

8870-78 La Mesa Blvd, La Mesa, CA

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Listing Agent
Aaron Marcusmillichap
Section Image
Marcus & Millichap
(619) 591-5791