$1,200,000

Multi Family In Lemon Grove

  • 7 Beds
  • 4 Baths
  • 2,880 Sqft
  • Updated: April 21
  • Source:
    San Diego MLS  MLS#260009392

About the Property

**4 UNITS, VALUE ADD, 6.91% PROFORMA CAP RATE** The property features three (3) 2bedroom/1bath units and one (1) 1bedroom/1bath unit, along with four (4) off-street parking spaces. There is approximately 132% upside in rental income and a new roof was installed in 2025. The location offers convenient access to local retail, transit, and community amenities, making it an attractive long-term rental
**4 UNITS, VALUE ADD, 6.91% PROFORMA CAP RATE** The property features three (3) 2bedroom/1bath units and one (1) 1bedroom/1bath unit, along with four (4) off-street parking spaces. There is approximately 132% upside in rental income and a new roof was installed in 2025. The location offers convenient access to local retail, transit, and community amenities, making it an attractive long-term rental market as the neighborhood continues to evolve. Surrounded by ongoing redevelopment projects and neighborhood investment, this property represents a compelling value-add opportunity at one of the best price points for a 4-unit in San Diego County. With renovations and re-tenanting, investors can unlock substantial NOI growth and capitalize on the area’s upward trajectory.
  • Property type

    Other

  • Floors

    2

  • Year built

    1953

  • Price/sqft

    $416

Features

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7902-8 Lester Ave, Lemon Grove, California, United States View on Google Maps
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Apartment Realty Group (ARG) - San Diego

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Apartment Realty Group (ARG) - San Diego
California, United States
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20
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2025
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Apartment Realty Group (ARG) - San Diego
San Diego, California, United States
View agency profile
Last updated
April 21
First listed
Apr 21
Listing reference
260009392
Listing status
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