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8694 Lemon Ave , La Mesa, CA 91941
$8,750,000
Est. Payment: $47,728.60/mo
72 Bed
48 Bath
26144 Sqft
Status: ACTIVE | Days on site: 112
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8042 - 625294
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Chris Heller
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House Description

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.
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Highlights

Listed by Eric D Comer , 858-369-3084 Eric D. Comer, Broker , 858-509-1200. San Diego County Multiple Listing Service mls logo

Property Type

Multi-Family

County

San Diego

Area

East County

Listing ID

260012789

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:72
  • ▪ Bathrooms:48
  • ▪ Full Bathrooms:48
Air Cond:Central Forced Air Elec
Fireplaces:

Exterior Features

Garage Capacity:38
Parking Features:Other/Remarks,Spaces
Principal Interest
$47,729
Taxes
$5,578

Home Price

$8,750,000

Loan Details

30 yrs
7.245%

Down Payment

20%
$1,750,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$47,728.60

Principal

Taxes

Principal Taxes HOA Total
Monthly $47,728.60 $5,578.13 $0.00 $53,306.73
Yearly $572,743.23 $66,937.50 $0.00 $639,680.73
Total $17,182,296.84 $2,008,125.00 $0.00 $19,190,421.84

Today's Rates

30 Year

7.25%

20 Year

7.27%

15 Year

6.6%

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Market insight data is pulled from the same city as the listing being viewed (La Mesa, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

The data relating to real estate for sale on this web site comes in part from the San Diego MLS, Inc.. Real estate listings held by brokerage firms other than Heller Real Estate Group | eXp Realty of Southern California | PLACE are marked with the IDX logo. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

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, noncommercial 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 MLS. 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. Compilation © 2026 San Diego MLS.

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Data last updated: 2026-10-05T00:00:59.000Z

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