8870-78 La Mesa Blvd La Mesa, CA ^$ 6,100,000

8870-78 La Mesa Blvd

^$ 6,100,000

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8870-78 La Mesa Blvd

La Mesa, CA, 91942

^$ 6,100,000

Bedrooms3 Baths2.0 Sq 18,048

Monthly Estimate*

^$ 38,056

8870-78 La Mesa Blvd, La Mesa, CA 91942 - Image 1

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8870-78 La Mesa Blvd, La Mesa, CA 91942 - Image 8

8870-78 La Mesa Blvd, La Mesa, CA 91942 - Image 9

Multi-Family Home for sale in La Mesa, CA

for $6,100,000 with 3 bedrooms and 2 full baths. This home is 18,048 square feet.

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.

Multi-Family Active

Price

^$ 6,100,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Com-Res Income

Town/City

La Mesa

County/Region

San Diego

MLS | Web ID

250043888

Features

General

Year Built 0

Stories Count 2

Property Subtype Com-Res Income

County San Diego

Operating Expense 134.0

New Construction N

Property Type Residential Income

HOA N

Attached Garage N

Status ACTIVE

City La Mesa

Senior Community Y/N N

Number Of Units Total 15

MLS Area East County

Lot Size Units Acres

Property Attached Y/N N

Building Area Units Sqft

Living Area Units Sqft

Standard Status Active

Total Actual Rent 37124.0

Cap Rate 4.76

Freehold IDX

Exterior

Lot Size Area 0.0

Number of Buildings 2

Building Area Total 18048.0

Waterfront Y/N N

Interior

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Half Baths 0

Total Bedrooms 3

Total Baths 2

* Excluded Features

List By

Aaron Bove

Listing Agent

Marcus & Millichap

Broker

(858) 945-7094

Phone

Affordability Calculator

$38,056

Per Month

Monthly Principal & Interest: $38,056
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in La Mesa, CA

Average List Price ^$1,747,545

Percent of Sale Price 71%

About La Mesa, CA

59,264 Population

8% Since 2002

^$60,546 Median Income

38.47 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

281193 Elementary School

281006 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/12/2025	$6,100,000		Listed Price

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8870-78 La Mesa Blvd, La Mesa, CA, 91942 is a Multi-Family Home for sale at $6,100,000 with 18,048 sqft. 8870-78 La Mesa Blvd has 3 bedrooms and 2.0 baths. The property's zip code is 91942 which is in La Mesa, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of The Internet Data Exchange Program of San Diego Multiple Listing Service, Inc.

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright.

Data is updated as of 12/11/2025.

CA BRE #019180026.

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8870-78 La Mesa Blvd

Multi-Family Home for sale in La Mesa, CA

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