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CAA Closes 20-Unit Multifamily Sale in La Mesa, CA for $4.1M!

  • Writer: CAA
    CAA
  • Apr 17
  • 2 min read

La Mesa, San Diego, CA (April 17, 2025) — Commercial Asset Advisors (CAA) is proud to announce the successful closing of a 20-unit multifamily property on April 10, 2025 located at 7025 Boulevard Drive, La Mesa, CA 91941 for $4,100,000, equating to $205,000 per unit.


This two-story, value-add apartment complex totals approximately 12,000 square feet of livable space and features a diverse 20-unit mix:


  • (8) two-bedroom / one-bath units

  • (8) one-bedroom / one-bath units

  • (4) studios


Roughly 70% of the units have received light renovations, offering immediate upside. The property sold at an in-place cap rate of 5.63%, with a projected pro forma cap rate of 9.19%, making it an especially attractive investment opportunity.


Situated just off University Avenue in Western La Mesa, the asset offers residents walkable access to food, retail, and major freeways—an ideal combination of convenience and value in one of East County’s most accessible submarkets.


CAA’s multifamily team, led by Maxwell Brown and Trent Kaylor, represented the buyer in the transaction. The seller, a family trust, was represented by local attorneys.

“This was an exciting acquisition for our client,” said Trent Kaylor. “There are some notable capital improvement needs, but the strong day-one returns, long-term potential, and favorable cost basis made this an easy ‘yes’ for the buyer. It was especially rewarding to align this acquisition with a 1031 exchange, further maximizing its value. We’re looking forward to seeing the transformation of this property as it moves toward stabilization.”

This transaction marks another successful closing for CAA in 2025, as the firm continues to advise clients on both the acquisition and disposition of multifamily, retail, office, and industrial assets throughout San Diego County.


For more information about this transaction and investment opportunities contact:


Maxwell Brown, Senior Vice President – Multifamily Investment Sales

📧 Mbrown@caacre.com | DRE Lic. #02127395


Trent Kaylor, Sales Associate, Multifamily Investment Sales

📧 Trent@caacre.com | DRE Lic. #02192535

About Commercial Asset Advisors

Commercial Asset Advisors is a San Diego-based commercial real estate brokerage that specializes in serving the unique needs of individual private clients, as well as family offices, corporate, institutional, nonprofit and national organizations. As a full-service CRE firm, our team has assisted property owners from Central San Diego, North County, East County, South County and beyond to maximize the value of their investments including office, retail, industrial, apartment and multi—family, mixed-use projects, ground-up development tenant representation and much more. With experience earned through exceptional hard work, CAA has successfully completed over 1,500 sale and lease transactions totaling over $1.5 billion in consideration. CAA provides unmatched customer service and strategic advice in all areas, asset types, and transaction structures.


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