8318 Allison
La Mesa, CA, 91942 $ 1,650,000
Baths0.0 Monthly Estimate*
$ 10,159
Listed by Pacific Sotheby's Int'l Realty
Studio for $1,650,000. This home was built in 1925 on a lot size of 0.2003.
Live, work and invest in the heart of La Mesa Village! Welcome to the Bowers House at 8318–20 Allison Avenue, a rare and iconic Craftsman twin-home consisting of 2 side-by-side units, zoned for both residential AND commercial use. Situated just one block off La Mesa Boulevard, this property offers a compelling mix of historic charm, income potential, commercial flexibility, and future redevelopment upside. Used today as two elegant side-by-side residences, this special property invites a wide range of possibilities: live in one, rent the other, create a live/work setup, or explore additional options and redevelopment under its zoning CD-D (Downtown Commercial / Urban Design Overlay). Built in the 1920s and extensively renovated in 2011 this property is rich in details and well cared for. The structure beautifully preserves its original character with hardwood floors, glass-inlay paneled doors, crystal knobs, and an inviting front porch. Unit 8318 features 3 bedrooms and 2.5 baths and is approximately 1350 sq ft; while Unit 8320 offers 3 bedrooms and 1.5 baths and is approximately 1250 sq ft. Both units enjoy private fenced yards, private laundry, and off-street parking. The oversized lot is a major asset, with four vintage garages, plentiful storage, and parking for more than 12 vehicles. But not to worry, you can leave the car at home! All the village restaurants, coffee shops, boutiques and businesses are just steps away plus you have a front row seat to beloved community events like the Friday Farmer's Market, weekly summertime Classic Car Show, Oktoberfest, and Holiday in the Village. For those who want to take advantage of the commercial aspect, this property offers a prime location and great visibility and convenience. Or, if you just want to live in a really cool house in a really cool neighborhood, plus take in rent to offset your mortgage, don't miss this one! In a district seeing continued investment and growth, this is more than a duplex, it is a standout legacy property with a story to tell and a bright future ahead. Buyer to verify all uses and development potential with the City of La Mesa.
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FeaturesGeneralHeating Electric
Cooling Wall/Window Unit(s)
Possession Close Of Escrow
Roof Composition
Appliances Electric Water Heater
Zoning CD-D
HOA Fee 0
Pool Features None
Year Built 1925
Tenant Pays Cable TV Electricity Water
Stories Count 2
Levels Two
County San Diego
Net Operating Income 88200
Property Type Residential Income
Subdivision Name La Mesa
Status Pending
Directions Spring St to Allison. Or La Mesa Blvd to Allison. CrossStreet: Palm
City La Mesa
Senior Community Y/N false
Number Of Units Total 2
MLS Area 91942 - La Mesa
Lot Size Units Square Feet
Lot Size Square Feet 8723
Listing Terms Cash Conventional VA Loan
Spa Features None
Virtual Tour https://www.propertypanorama.com/instaview/snd/260008163
Standard Status Pending
Cap Rate 3.87
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InteriorTotal Stories 2
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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ExteriorLot Features Drip Irrigation/Bubblers
Total Parking 0
Lot Size Area 8723
Park Name N/A
Number of Buildings 1
Spa true
Lot Size Acres 0.2003
Private Pool false
Lot Size Source Assessor
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* Excluded FeaturesList ByPacific Sotheby's Int'l RealtyBroker
jillsellsthehills@gmail.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $10,159
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
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.
Learn more about how to save NearbyMulti-family listings in La Mesa, CA
Average List Price $1,801,929
Percent of Sale Price 9%
About La Mesa, CA 59,264 Population
8% Since 2002
$ 60,546 Median Income
38.47 Median Age
25% Households with Children
Trends Information provided by ATTOM Data Solutions.
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/8/2026 | $1,650,000 | | Listed Price |