7902 Lester Ave - Apartments FOR SALE


Lemon Grove, CA 91945
$1,200,000 USD
858-247-2487
7902 Lester Ave, Lemon Grove, CA for Sale
$1,200,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

7902 Lester Ave
Lemon Grove, CA 91945


HIGHLIGHTS

  • 132% Upside in Rental Income
  • Strong Unit Mix: (3) 2Bedroom Units + (1) 1Bedroom Unit
  • Value-Add 4-Unit Surrounded by Redevelopment
  • 6.91% Proforma Cap Rate
  • New Roof (2025)

OVERVIEW

This 4-unit property is positioned in the heart of Lemon Grove and sits within a transforming redevelopment corridor. 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. 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. 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.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$417 USD /SF

# OF UNITS

4

PRICE/UNIT

$300,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Value-Add 4-Unit Lemon Grove

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,587 SF

ZONING

DVSP

APN/PARCEL ID

475-472-21

ASK ABOUT THIS PROPERTY

Caleb ManciniApartment Realty Group (ARG)More Info
858-247-2487

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Caleb ManciniApartment Realty Group (ARG)More Info
858-247-2487

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.