Residential Conversion Project in La Mesa Sells for $1,000,000

The mixed use property at 7735 University Ave La Mesa CA 91942 has sold in an off-market transaction for $1,000,000. Erik Egelko of SVN Asset Advisory Group represented both buyer and seller in the transaction.

The mixed-use property at 7735 University Ave in La Mesa, CA has sold for $1,000,000. The buyer, DLS Investments LLC intends to convert the existing commercial structure into residential units. The proposed plans call for 7 total residential units consisting of 6 studios and (1) 1 bedroom unit.

Erik Egelko of SVN Asset Advisory Group represented both buyer and seller in the transaction.

Egelko commented saying, “This project is within La mesa’s existing development overlay zone and will have a positive effect on the University Ave business corridor.”