$2,242,478
$2,800,000
19.9%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 12/02/2024
Key Details
Sold Price $2,242,478
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID NDP2408116
Sold Date 12/02/24
HOA Y/N No
Year Built 1957
Lot Dimensions Assessor
Property Description
Alta Pacific Realty is please to offer this value-add MIXED USE property on the high traffic corner of La Mesa Blvd. and Normal Ave. at the main entrance to the Vons Shopping Center! With over 90' of frontage on the high traffic artery of La Mesa Blvd., between University Ave. and Spring Street, this property benefits from the community shopping center and MTS Trolley station 2/10ths of a mile away. Currently, rents are significantly below market offering a new buyer the potential to substantially increase income. The property includes 2 buildings, built in 1957 -- 3,840 s.f. of retail space comprised of three suites, with 2 on a month-to-month basis and the 3rd expiring soon. The Residential building, with frontage on Normal Ave. offers 1,850 s.f. -- a 2Br/2Ba with 1,225 s.f. and a 625 s.f. 1 Br/1Ba, both with Off Street Pkg, both on Mo. to Mo. agreements. The Retail Building features monument & building signage and 18 on-site parking spaces along La Mesa Blvd. Seller finacing may be considered.
Location
State CA
County San Diego
Area 91942 - La Mesa
Zoning Comm
Interior
Heating Central
Cooling Central Air
Fireplace No
Exterior
Roof Type Common Roof,Rolled/Hot Mop
Present Use Commercial,Multi-Family
Total Parking Spaces 20
Building
Lot Description 0-1 Unit/Acre, Corner Lot, Gentle Sloping
Story 1
Others
Tax ID 4705611700
Acceptable Financing Cash, Conventional, Owner May Carry
Listing Terms Cash, Conventional, Owner May Carry
Financing Seller Financing
Special Listing Condition Standard
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Bought with Jason Lipovsky • Venture Pacific Properties
“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”