La Mesa Multi-Family Properties for Sale

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Newest La Mesa Multi-Family Homes for Sale

$949,000

4 Beds ⋅ 2 Baths ⋅ 260025288 MLS ⋅ ACTIVE Status ⋅ La Mesa BLDG.

Located in the desirable East County pocket of La Mesa within the Severin Manor neighborhood, 6080-82 Horton Drive presents an exceptional investment opportunity. Built in 1953, this single-story duplex spans 1,440 square feet of total living space on an expansive 9,125-square-foot lot zoned R-2. The property features a highly flexible layout with built-in garages for each unit and an ideal unit mix. Currently, unit 6082 is generating a reliable $1,950 per month in rental income, while the vacant, move-in-ready unit provides the ultimate flexibility—allowing an owner-occupant to offset their mortgage or an investor to immediately capture top-of-market rents. Positioned just moments from local schools, parks, and major commuter corridors, this asset combines low-maintenance single-story living with strong long-term upside in a prime San Diego submarket.

6080-82 Horton, La Mesa

$1,100,000

4 Beds ⋅ 3 Baths ⋅ PTP2607644 MLS ⋅ ACTIVE Status

AMAZING OPPORTUNITY NEAR DOWNTOWN LA MESA. 3 BEDROOM, 2 BATH MAIN HOUSE WITH A LARGE LIVING ROOM WITH DOUBLE SIDED FIREPLACE AND A COVERED DECK, DUAL PANE WINDOWS AND SLIDERS, FORCED A/C AND HEAT, OVERSIZED BASEBOARDS, RECENTLY PAINTED INTERIOR, NEW CARPET, WOOD LAMINATE FLOORING, EAT IN KITCHEN WITH STAINLESS APPLIANCES, RECESSED LIGHTING, SPACIOUS BEDROOMS, PRIMARY BEDROOM HAS A HUGE WALK-IN CLOSET, PRIMARY BATH IS BRAND NEW WITH WALK IN SHOWER AND A DUAL VANITY, WHITE PICKET FENCED IN YARD, UPDATED PLUMBING, CEILING FANS AND A 1 CAR GARAGE WITH LAUNDRY. THE DOWNSTAIRS IS A 1 BEDROOM, 1 BATH UNIT WITH A SEPARATE ENTRANCE AND HAS A LARGE LIVING ROOM, FULL BATH AND KITCHENETTE, ALONG WITH IT'S OWN DRIVEWAY, LAUNDRY, 1 CAR GARAGE OVERSIZED GARAGE WITH EXTRA STORAGE AND A EXTRA PARKING SPACE. CLOSE TO SHOPPING, RESTAURANTS, FREEWAYS AND MUCH MORE. AMAZING OPPORTUNITY NEAR DOWNTOWN LA MESA. 3 BEDROOM, 2 BATH MAIN HOUSE WITH A LARGE LIVING ROOM WITH DOUBLE SIDED FIREPLACE AND A COVERED DECK, DUAL PANE WINDOWS AND SLIDERS, FORCED A/C AND HEAT, OVERSIZED BASEBOARDS, RECENTLY PAINTED INTERIOR, NEW CARPET, WOOD LAMINATE FLOORING, EAT IN KITCHEN WITH STAINLESS APPLIANCES, RECESSED LIGHTING, SPACIOUS BEDROOMS, PRIMARY BEDROOM HAS A HUGE WALK-IN CLOSET, PRIMARY BATH IS BRAND NEW WITH WALK IN SHOWER AND A DUAL VANITY, WHITE PICKET FENCED IN YARD, UPDATED PLUMBING, CEILING FANS AND A 1 CAR GARAGE WITH LAUNDRY. THE DOWNSTAIRS IS A 1 BEDROOM, 1 BATH UNIT WITH A SEPARATE ENTRANCE AND HAS A LARGE LIVING ROOM, FULL BATH AND KITCHENETTE, ALONG WITH IT'S OWN DRIVEWAY, LAUNDRY, 1 CAR GARAGE OVERSIZED GARAGE WITH EXTRA STORAGE AND A EXTRA PARKING SPACE. CLOSE TO SHOPPING, RESTAURANTS, FREEWAYS AND MUCH MORE.

7970 Lemon Cir, La Mesa

$1,199,999

5 Beds ⋅ 3 Baths ⋅ 260023044 MLS ⋅ ACTIVE Status ⋅ La Mesa BLDG.

Something for everyone󠃳󠂠󠂀󠂠󠃢󠂁󠂢󠃢󠂁󠂣󠃢󠂁󠂣󠃍󠂏󠃍󠂏 with this one of a kind TWO ON ONE sold FURNISHED in the heart of lovely La Mesa. The property stands as a 3BR 2BA renovated home with a garage, and a 2022 newly built 2BR 1BA ADU in the back. However, the property’s tremendous appeal lies in the fact it is operated legally as THREE separate short term rentals, as the 3BR house is easily be separated into a 2BR 1BA and a guest studio with private entrance! Plug and play your new short term rental investment with GREAT income, house hack, or welcome to your new home with a guest suite in the rear! New roof in 2022, laundry in each unit, solar comes with the property, and many other upgrades allow for low expense operation. A massive private backyard with fruit bearing orange and fig trees and multiple seating areas round out the charm! Come see it today!

7560 Normal Ave, La Mesa

$1,289,495

8 Beds ⋅ 4 Baths ⋅ 260023005 MLS ⋅ ACTIVE Status ⋅ La Mesa College BLDG.

LARGE 4 BEDROOM DETACHED HOUSE (OPTIONAL 5TH BEDROOM) PLUS (2) ADDITIONAL UNITS EACH WITH TWO BEDROOMS IN HIGHLY DESIRED CENTRAL LOCATION WITHIN 2.5 MILES TO SDSU AND MISSION VALLEY ON OVER ¼ ACRE! EACH UNIT HAS PRIVATE DRIVEWAYS, OFF STREET PARKING YARDS AND PRIVATE LAUNDRY. ONE OF THE 2 BEDROOM UNITS (7367) WAS REMODELED IN 2024 WITH NEW KITCHEN, FLOORING AND REMODELED BATH. 4 BEDROOM HOUSE HAS REMODELED BATHROOMS, TILE SHOWERS, NEW CARPET AND PAINT. LIVE IN 1 AND RENT OUT THE OTHER TO KEEP PAYMENTS LOW, COLLEGE RENTAL, AIRBNB OR LONG TERM RENTAL!

7367 La Mesita Pl, La Mesa

$1,028,000

4 Beds ⋅ 2 Baths ⋅ 260021874 MLS ⋅ ACTIVE Status

DUPLEX OPPORTUNITY + ADDITIONAL 400SQFT DETACHED STRUCTURE. NEM2.0 SOLAR • NEWER ROOF • EXTENSIVE RENO AND INTERIOR/EXTERIOR IMPROVEMENTS. Not every duplex feels like somewhere you'd actually want to live. This thoughtfully updated, single-story La Mesa duplex sits on a corner 8,253-sqft lot - TWO separate 2-bedroom, 1-bath homes that are ~800 sqft each. Also included is a detached and oversized 2 car garage structure offering ADU and other possibilities! 4994 is completely turnkey with tasteful and modern finishes which can be delivered fully furnished. While in 4992, a long-term tenant of approximately 20 years would like to stay and currently pays market rent. Inside the owner-occupied main home, the upgrades are intentional with functionality and minimalism in mind. Large, brand new windows fills the space with light and frame the surrounding greenery, while two spacious bedrooms provide flexibility for sleeping, guests or a dedicated home office. Investment went well beyond the visible finishes and address much of the unglamorous work that often comes with owning an income property; New wood fencing throughout, roofing, NEM 2.0 solar + EV charging, exterior paint/stucco, fencing, hardscape, landscaping, lighting, 360º camera security, thorough plumbing and electrical updates, split AC units in every room and more! You can also enjoy a private driveway and generous 4+ car off-street parking that belongs to the property, a thoughtfully designed, low-maintenance xeriscaping and complete privacy. Equity play!

4992-4994 Comanche Dr, La Mesa

$2,150,000

2 Beds ⋅ 6 Baths ⋅ 260017468 MLS ⋅ ACTIVE Status

Well-positioned 10 unit asset offering strong in-place income with rental upside in one of East County’s most desirable rental markets. The property features a balanced unit mix of four studios, four 1BRs, and two 2BR units. Tenants enjoy on-site laundry and a covered parking space for each unit. Recent Capital Improvements include new roof (2024), new stairs and catwalks (SB721 compliant), and new electrical. La Mesa offers buyers the ideal combination of stable suburban demand and proximity to major San Diego employment hubs. The 91941 area attracts professionals, families, and long-term residents drawn to its walkable village atmosphere, nearby parks and recreation, and convenient freeway access. With strong household incomes, balanced renter demand, and limited new multifamily supply, this pocket of La Mesa provides durable occupancy, consistent rent performance, and long-term appreciation potential, making it a compelling, lower-volatility alternative to higher-priced coastal submarkets.

4415 Rosebud Ln, La Mesa

$6,995,000

34 Beds ⋅ 22 Baths ⋅ 260016931 MLS ⋅ ACTIVE Status

$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.

8969 Grossmont Blvd, La Mesa

$5,295,000

3 Beds ⋅ 6 Baths ⋅ PTP2604512 MLS ⋅ ACTIVE Status

$250k Price Reduction !!! 7025 Boulevard Dr offers a renovated, turnkey, and desirable 20-unit garden style asset with immediate cashflow, remaining rental upside, and major infrastructure system improvements. The property is ideally situated near major transportation corridors, steps away from the amenity and retail filled University Ave, and provides seasoned investors with the Golden Standard Class B location asset known to provide the strongest aggregate return and operational profile. Current ownership has completed significant capital improvements, eliminating all deferred maintenance and substantially reducing future expenses. Improvements include renovation of 16 units, major electrical system replacement, brand new pitched roofs, epoxy-lined sewer mains, dual-pane windows, and numerous interior and exterior enhancements. The property consists of an ideal & diverse unit mix of (8) 2 Bed / 1 Bath, (8) 1 Bed / 1 Bath, and (4) Studio units. The property further provides an attractive 1:1 parking ratio and gated access. Ownership will benefit from meaningful economies of scale while maintaining the operational simplicity of a low-density garden style asset. The asset currently generates $463,138 GSI yielding a 5.37% in-place cap rate. There is approximately 12% income upside at conservative market rents to produce a forecasted $524,010 GSI and 6.23% market cap rate with minimal additional capital investment required. 7025 Boulevard Drive is strategically situated in what many seasoned San Diego multifamily investors consider the Golden Standard middle market location pr $250k Price Reduction !!! 7025 Boulevard Dr offers a renovated, turnkey, and desirable 20-unit garden style asset with immediate cashflow, remaining rental upside, and major infrastructure system improvements. The property is ideally situated near major transportation corridors, steps away from the amenity and retail filled University Ave, and provides seasoned investors with the Golden Standard Class B location asset known to provide the strongest aggregate return and operational profile. Current ownership has completed significant capital improvements, eliminating all deferred maintenance and substantially reducing future expenses. Improvements include renovation of 16 units, major electrical system replacement, brand new pitched roofs, epoxy-lined sewer mains, dual-pane windows, and numerous interior and exterior enhancements. The property consists of an ideal & diverse unit mix of (8) 2 Bed / 1 Bath, (8) 1 Bed / 1 Bath, and (4) Studio units. The property further provides an attractive 1:1 parking ratio and gated access. Ownership will benefit from meaningful economies of scale while maintaining the operational simplicity of a low-density garden style asset. The asset currently generates $463,138 GSI yielding a 5.37% in-place cap rate. There is approximately 12% income upside at conservative market rents to produce a forecasted $524,010 GSI and 6.23% market cap rate with minimal additional capital investment required. 7025 Boulevard Drive is strategically situated in what many seasoned San Diego multifamily investors consider the Golden Standard middle market location profile. The Property's Class B location provides the ideal balance between acquisition basis, tenant quality, and long-term rental demand, producing notably stronger returns than higher-priced Coastal San Diego submarkets and significantly less operational challenges associated with Class C location assets and tenants.

7025 Boulevard Dr, La Mesa

$1,247,000

5 Beds ⋅ 3 Baths ⋅ 260013745 MLS ⋅ ACTIVE Status ⋅ La Mesa BLDG.

Unique single-story 3-unit investment opportunity in La Mesa. The property features two 2-bedroom/1-bath units and one 1-bedroom/1-bath unit, each with in-unit laundry, front and rear entrances, and abundant natural light. The courtyard-style layout includes off-street parking, multiple storage areas, and a gated courtyard with secure access for added privacy. The rear 1-bedroom unit offers a unique layout that lives like a standalone home. Ideally located within walking distance to downtown La Mesa shops and restaurants, with upside potential in rental income.

7987-91 Normal Ave, La Mesa

$8,750,000

72 Beds ⋅ 48 Baths ⋅ 260012789 MLS ⋅ ACTIVE Status

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.

8694 Lemon Ave, La Mesa

$1,435,000

6 Beds ⋅ 4 Baths ⋅ 260012073 MLS ⋅ ACTIVE Status ⋅ Duplex BLDG.

Exceptional Value-Add Opportunity in Prime La Mesa 4626–4628 Edenvale presents a rare investment opportunity featuring a income-producing duplex plus City of La Mesa–approved ADU permits, allowing a buyer to immediately increase density, boost rental income, and accelerate long-term equity growth without the typical entitlement delays. The existing duplex was completely remodeled in 2018 and consists of two spacious units: • Front unit: 3BD/2BA | 1,050 sq.ft. • Back unit: 3BD/2BA | 1,125 sq.ft. Each residence offers modern finishes and thoughtful upgrades, including: • Luxury vinyl plank flooring • Black graphite quartz countertops • Black stainless steel appliances • Dishwasher and built-in microwave • 5-burner gas stove • Large farmhouse-style sink • Ceiling fans with integrated lighting in living rooms and bedrooms • In-unit washer and dryer • Designer bathrooms with tiled bath surrounds, oversized showers, and soaking tubs The property features a 2-car garage, gated private decks, and a dedicated dog run for added tenant appeal. Ideally situated near shopping, dining, transit, and freeway access, this property combines immediate income potential with significant future upside in one of East County’s most desirable rental markets. With approved ADU plans already in place, investors can skip months of planning and move directly toward construction in a high-demand area with continued rental growth, creating a rare opportunity to increase density, boost rental income, and accelerate long-term equity growth. Call Agent for additional adjacent lot opportunity The existing duplex generates immediate cash flow while approved plans significantly reduce development timelines and upfront entitlement costs. Ideal for investors, or multigenerational living with strong potential to expand unit count in a high-demand rental market, skip months of planning and move directly toward construction. Completely remodeled in 2018. Both units are 3BD/2BA. Front unit is 1,050 sq.ft. and back unit is 1,125 sq.ft. 2 car garage. Ceiling fans with lights in living room and bedrooms. W/D in each unit. Black Graphite Quartz counters and black stainless steel appliances, dishwasher, built-in microwave, 5-burner gas stove, large farm-style sink. Bathrooms: tile bath stalls with soaker tub/oversized tile shower. Luxury vinyl plank flooring. Dog run on side of home, Gated private decks. Conveniently located near shopping, dining, transit, and freeway access, this property offers both current income and future upside located in one of East County’s most sought-after, continued rental demand. Rare value-add opportunity in the heart of La Mesa! 4626–4628 Edenvale is a duplex with approved ADU permits from the City of La Mesa, offering exceptional upside potential through expanded unit count, increased rental income, and long-term appreciation. Ideal for investors, owner-occupants, or multigenerational living, this property combines immediate cash flow from the existing duplex with a streamlined path toward future development. Much of the entitlement process has already been completed, allowing a buyer to bypass months of planning and move directly toward construction. Located in one of East County’s strongest rental markets, the property is conveniently situated near shopping, dining, public transit, and major freeway access. A rare opportunity to maximize future cash flow and capitalize on continued rental demand in La Mesa.

4626-28 Edenvale Ave, La Mesa

$3,295,000

16 Beds ⋅ 8 Baths ⋅ 260008555 MLS ⋅ ACTIVE Status

Exceptional La Mesa 8-unit multifamily opportunity. 6935 Hoffman Ave. + 3979-89 King St. delivers consistent in-place income supported by a strong unit mix and long-term tenancy. The improvements include (1) 3-bedroom / 1-bath home, (1) 1-bedroom / 1-bath home, and (6) 2-bedroom / 1-bath units across three duplex structures. All units are single story and feature newer appliances and private fenced backyards. The duplex structures have been extensively renovated down to the studs, including major capital improvements such as newer roofs, plumbing, electrical, and related systems. These upgrades materially reduce near-term capital expenditure exposure and provide a more predictable ownership profile. From a location standpoint, the property is situated on a large .72 acre corner lot and benefits from a well-connected La Mesa setting. Ideally located near La Mesa Village, Grossmont Center, public transit, and major freeway access providing convenient regional connectivity throughout San Diego County. The asset is also positioned within close proximity to San Diego State University, further supporting long-term rental demand in the surrounding area. Altogether, the property offers a compelling combination of stable income, limited near-term capital needs, and a highly accessible East County location.

6935 Hoffman Ave, La Mesa

$5,900,000

14 Beds ⋅ 10 Baths ⋅ 250043888 MLS ⋅ ACTIVE Status

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.

8870-78 La Mesa Blvd, La Mesa

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La Mesa Multi-Family Properties for Sale

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