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8969 Grossmont Blvd , La Mesa, CA 91941
$7,500,000
Est. Payment: $37,872.80/mo
34 Bed
22 Bath
15128 Sqft
Status: active | Days on site: 26
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Chris Heller
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House Description

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.
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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

260016931

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:34
  • ▪ Bathrooms:22
  • ▪ Full Bathrooms:22
Air Cond:Wall/Window
Fireplaces:

Exterior Features

Roof:Composition
Principal Interest
$37,873
Taxes
$4,781

Home Price

$7,500,000

Loan Details

30 yrs
6.487%

Down Payment

20%
$1,500,000
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:
$37,872.80

Principal

Taxes

Principal Taxes HOA Total
Monthly $37,872.80 $4,781.25 $0.00 $42,654.05
Yearly $454,473.59 $57,375.00 $0.00 $511,848.59
Total $13,634,207.71 $1,721,250.00 $0.00 $15,355,457.71

Today's Rates

30 Year

6.49%

20 Year

6.28%

15 Year

5.8%

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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.

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Data last updated: 2026-08-10T22:38:39.000Z

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