8969 Grossmont Blvd,La Mesa, CA 91941
La Mesa, CA 91941
Description
$500,000 Price Reduction! 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.
Details
| MLS # | 260016931SD |
|---|---|
| Listing Type | For Sale |
| Style | Mixeduse |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 112 |
| Listing Provided By | Eric D. Comer, Broker | Eric Comer |
Features
| Units | 22 |
|---|---|
| Building(s) | 1 |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Roof | Composition |
|---|---|
| Construction Materials | Frame, Stucco |
Area Information
| State | CA |
|---|---|
| County | San Diego |
| City | La Mesa |
| Zip Code | 91941 |
| Area | 91941 La Mesa |
| Listing VS Median (in 91941) | |
Price: $6,995,000 low | high Med: $1,099,998 On site: 112 low | high Med: 17 | |
Market Activity 91941
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | San Diego |
| City | La Mesa |
| Zip Code | 91941 |
| Area | 91941 La Mesa |
| Listing VS Median (in 91941) | |
Price: $6,995,000 low | high Med: $1,099,998 On site: 112 low | high Med: 17 | |
 | $5,900,0008870 La Mesa BlvdLa Mesa, CA 91942 |
