For more information regarding the value of a property, please contact us for a free consultation.
7902 8 Lester Ave Lemon Grove, CA 91945
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Subdivision Lemon Grove
MLS Listing ID 260009392SD
Sold Date 08/05/26
HOA Y/N No
Year Built 1953
Property Description
**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.
Location
State CA
County San Diego
Area 91945 - Lemon Grove
Building/Complex Name Downtown Village
Interior
Cooling None
Fireplace No
Exterior
Fence Partial
View Y/N No
Roof Type Composition
Building
Story 2
Entry Level Two
Level or Stories Two
Others
Senior Community No
Tax ID 4754722100
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Read Less
Bought with Caleb Mancini Apartment Realty Group (ARG)
GET MORE INFORMATION