Live-Work Property with Upstairs
New
For Sale
$995,000
7837 La Mesa Blvd, La Mesa, CA 91942
A two-level layout combines ground-floor office space with a separate one-bedroom residence above.
Property Size1,770 SF
Lot Size0.14 Acres
Price / SF$562.15
Days on Market1
Property Features for 7837 La Mesa Blvd
General Information
Standard status
Active
Size
1,770 SF
Total Parking Spaces
5
Lot size
0.14 Acres
Property subtype
Commercial
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Public Transit
Yes
Property Use
Live/Work
Amenities
fireplace
Building Details
Building Size
1,770 SF
Year Built
1945
Buildings
1
Stories
2
Units
1
Listing Agency:
Chameleon/Red Hawk Realty
Listed By:
Kent Dover · License #02047735
(415) 205-8742
Source:
Elliman
Added: Oct 30
Last Checked: Oct 30 at 3:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Chameleon/Red Hawk Realty
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Investment Insights
Based on property information with market context.
Built in 1945, this two-story live-work property contains approximately 1,770 square feet on a 6,107-square-foot lot. The ground level is arranged with a reception area and fireplace, three private offices, a bathroom, and a kitchen area. A separate apartment upstairs includes one bedroom and one bathroom. The property is described as having commercial and residential zoning, subject to applicable use requirements for the apartment.
A private driveway and five dedicated parking spaces serve the property. A bus stop is a one-minute walk away, and La Mesa Blvd Trolley Station is approximately 0.7 miles away. The address is 7837 La Mesa Blvd in La Mesa.
A private driveway and five dedicated parking spaces serve the property. A bus stop is a one-minute walk away, and La Mesa Blvd Trolley Station is approximately 0.7 miles away. The address is 7837 La Mesa Blvd in La Mesa.
Key Highlights
- Approximately 1,770 square feet on a 6,107‑square‑foot lot
- Two‑story layout with three private offices on the ground floor
- Separate upstairs apartment with 1 bedroom and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,956
Cap Rate
4.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$819,120
$819.1K
Cap Rate 7%
$585,086
$585.1K
Cap Rate 9%
$455,067
$455.1K
Market Conditions
NOI Build-Up for 1,770 SF
Gross rent
$63.7K $36.00/SF
− Vacancy
−$9.1K −$5.15/SF
EGI
$54.6K $30.85/SF
− OpEx
−$13.7K −$7.71/SF
NOI
$41.0K $23.14/SF
Area
San Diego County, CA
Vacancy
14.30%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$819,120
Cap Rate 7%
$585,086
Cap Rate 9%
$455,067
Alternative Uses
Best Use
Office B
$585.1K
$512.0K – $682.6K
NOI $40,956 @ 7.0% cap · market cap 4.12%
Second Best
Mixed Use
$546.1K
$477.8K – $637.1K
NOI $38,226 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$811.0K
$709.6K – $946.1K
NOI $56,767 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
2,811
Businesses Nearby
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Business Placement
Demographics for 91942, CA
40,813
Population
18,488
Households
2.2
Avg Household Size
39
Median Age
38%
College-Educated
94%
High-School Grad
5.8 sq mi
ZIP Area
7,037
Density / Sq Mi
$81,262
Median Household Income
$57,064
Median Earnings
$1,934
Median Rent
$689,300
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Live-work space - A two-level layout combines ground-floor office space with a separate one-bedroom residence above.
Where is this live-work space located?
The property is located at 7837 La Mesa Blvd La Mesa, CA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Approximately 1,770 square feet on a 6,107‑square‑foot lot; Two‑story layout with three private offices on the ground floor; Separate upstairs apartment with 1 bedroom and 1 bathroom
