8694 Lemon Ave La Mesa, CA ^$ 8,950,000

8694 Lemon Ave

^$ 8,950,000

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Recently Listed

8694 Lemon Ave

La Mesa, CA, 91941

^$ 8,950,000

Bedrooms-- Baths--

Monthly Estimate*

^$ 55,107

Listed by Eric D. Comer, Broker

8694 Lemon Ave, La Mesa, CA 91941 - Image 1

8694 Lemon Ave, La Mesa, CA 91941 - Image 2

8694 Lemon Ave, La Mesa, CA 91941 - Image 3

8694 Lemon Ave, La Mesa, CA 91941 - Image 4

8694 Lemon Ave, La Mesa, CA 91941 - Image 5

8694 Lemon Ave, La Mesa, CA 91941 - Image 6

8694 Lemon Ave, La Mesa, CA 91941 - Image 7

8694 Lemon Ave, La Mesa, CA 91941 - Image 8

8694 Lemon Ave, La Mesa, CA 91941 - Image 9

8694 Lemon Ave, La Mesa, CA 91941 - Image 10

Commercial Property for sale in La Mesa, CA

for $8,950,000.

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.

Commercial Active

Price

^$ 8,950,000

Property Type

Commercial

Taxes

^$ 0

Style

Town/City

La Mesa

County/Region

San Diego

MLS | Web ID

260012789SD

Days on Market

Features

General

Heating Forced Air

HOA Fee 0

Construction Materials Stucco

Property Subtype Mixed Use

County San Diego

Net Operating Income 412298

Operating Expense 352200

Property Type Commercial Sale

Status Active

City La Mesa

Number Of Units Total 24

MLS Area 91941 - La Mesa

Standard Status Active

Property Sub Type Additional Mixed Use

Cap Rate 4.61

Interior

Air Conditioning Y/N true

Heating Y/N true

Total Baths 0

Exterior

Total Parking 38

Number of Buildings 2

* Excluded Features

List By

Eric D. Comer, Broker

Broker

eric.comer@kidder.com

Affordability Calculator

$55,107

Per Month

Monthly Principal & Interest: $55,107
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.25% 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

Commerical listings in La Mesa, CA

Average List Price ^$2,815,322

Percent of Sale Price 69%

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.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/27/2026	$8,950,000		Listed Price

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8694 Lemon Ave, La Mesa, CA, 91941 is a Commercial Property for sale at $8,950,000. The property's zip code is 91941 which is in La Mesa, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% 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 the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/28/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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8694 Lemon Ave

Commercial Property for sale in La Mesa, CA

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