8694 Lemon Ave
8694 Lemon Ave, La Mesa, CA 91941
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. Additionally, the property has not implemented a RUBS (Ratio Utility Billing System) program for water, sewer, and trash, presenting an opportunity for additional income through RUBS implementation.
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 Boulevard. The property is also approximately 0.8 miles from a San Diego Trolley station served by the Orange Line. With its strong in-place unit mix and multiple avenues for revenue growth, this offering provides investors with the opportunity to unlock significant upside in one of East County San Diego’s most desirable rental submarkets.
Reach out to the broker for more info on lease terms and amenities
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Contacts
Kidder Mathews
Kidder Mathews
Kidder Mathews
Building Details
- For Sale $8,950,000
- Property Type Multi-Family
- Property Size 26,206 SF
- Units 24
- Lot Size 1 Acre
- Cap Rate % 4.61
- Date Updated Jun 22, 2026
Getting Around
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Walk Score ®
Very Walkable (89) -
Transit Score ®
Some Transit (42) -
Bike Score ®
Somewhat Bikeable (30)
Location
- City La Mesa, CA
- Zip Code 91941
- Market San Diego
Points of Interest
Grossmont
0.95 miles
Amaya Drive
1.31 miles
70th Street
1.85 miles
Arnele Avenue
3.24 miles
Uber / Lyft Driver Drop Off
3.42 miles
Massachusetts Avenue
3.51 miles
SDSU Transit Center
3.51 miles
Grantville
5.13 miles
Mission San Diego
5.91 miles
Chevron
0.63 miles
Costco Gasoline
0.81 miles
La Mesa Supercharger
0.92 miles
Shell
1.07 miles
USA Gasoline
1.44 miles
Arco
1.45 miles
Emerald Oil
1.62 miles
Quik Korner Gas
1.91 miles
ChargePoint
2.34 miles
Grossmont Blvd Park & Ride
0.68 miles
Kaiser Permanente Parking Garage
0.99 miles
Fuerte Drive Park And Ride
1.04 miles
Severin Drive Park And Ride
1.16 miles
Lemon Grove / High St Park And Ride
1.90 miles
Lemon Grove / Lincoln Park And Ride
2.38 miles
AGUA DULCE BLVD Park And Ride
2.63 miles
Navajo Road Park And Ride
2.64 miles
El Cajon Transit Center Parking
2.68 miles
Soapy joe's
0.62 miles
Dirty Harry's Car Wash II
1.98 miles
TNT Bros. Auto Detail Center
1.98 miles
Aqua Clean
2.55 miles
Pony Express Car Wash
2.55 miles
U-Haul
3.39 miles
Avis
3.52 miles
Soapy Joe's
3.61 miles
Sweetwater Car Wash
4.22 miles
Mario's De La Mesa
0.32 miles
Jack in the Box
0.34 miles
Jersey Mike's Subs
0.36 miles
Casa Gabriela
0.43 miles
La Torta
0.43 miles
Coin Haus
0.43 miles
Centifonti's
0.45 miles
City Tacos Village Taqueria
0.49 miles
Por Favor
0.52 miles
Walmart Neighborhood Market
0.53 miles
Sprouts Farmers Market
0.59 miles
American Freight
0.65 miles
Walmart
0.69 miles
Macy's
0.70 miles
Vine Ripe Market
0.77 miles
Target
0.79 miles
Frasier Farms
0.79 miles
Vons
0.82 miles
La Mesa Fire Sta. # 13
0.66 miles
La Mesa Medical Group
0.72 miles
CVS Pharmacy
0.72 miles
La Mesa Fire Dept Sta. #11
0.79 miles
Sharp Grossmont Hospital
0.88 miles
La Mesa Fire Department Station 12
1.65 miles
La Mesa Fire Department Sta. 12
1.66 miles
San Diego County Sheriff's Department Casa De Oro
1.96 miles
Alvarado Parkway Institute Behavioral Health System
2.01 miles
8694 Lemon Ave Listing Summary
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What is the asking price at 8694 Lemon Ave?
8694 Lemon Ave is currently listed for sale at Contact for pricing.
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What is the total size of 8694 Lemon Ave?
8694 Lemon Ave has a total of 26,206 square feet.
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