8969 Grossmont Blvd , La Mesa, CA 91941
$6,995,000
Est. Payment: $38,155.61/mo
Status: Active | Days on site: 74
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SAND-8042 - SAND-625294
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House Description

$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.

Highlights

Listed by Eric Comer , 858-369-3084 Eric D. Comer, Broker , 858-509-1200. CRMLS/Multi-Regional MLS mls logo

Property Type

Commercial Sale

County

San Diego

Area

91941 - La Mesa

Listing ID

260016931SD

Questions about this listing?

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Interior Features

Air Cond:Wall/Window Unit(s)
Fireplaces:

Exterior Features

Lot:No Land Lease
Garage Capacity:0
Roof:Composition
Others:
  • ▪ Additional:Frame, Stucco, 2+ Total Units
Principal Interest
$38,156
Taxes
$4,459

Home Price

$6,995,000

Loan Details

30 yrs
7.245%

Down Payment

20%
$1,399,000
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:
$38,155.61

Principal

Taxes

Principal Taxes HOA Total
Monthly $38,155.61 $4,459.31 $0.00 $42,614.92
Yearly $457,867.30 $53,511.75 $0.00 $511,379.05
Total $13,736,019.02 $1,605,352.50 $0.00 $15,341,371.52

Today's Rates

30 Year

7.25%

20 Year

7.27%

15 Year

6.6%

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Current Listings

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Average Days on Market

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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.

Based on information from California Regional Multiple Listing Service, Inc. 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. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-10-05T01:13:22.000Z

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