7902 Lester Avenue Lemon Grove, CA 91945

$1,200,000
$1,200,000
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**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.

**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.

  • Neighborhood
  • Type
  • County
    San Diego
  • Area
    91945 - Lemon Grove
  • Status
    Active
  • Listing #
    260009392SD
  • Built
    1953
  • Listed on site
    44 days

Listed by:
Apartment Realty Group (ARG)

Source:
CRMLS

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Property details

Community Features

  • Has HOA
  • Not Age Restricted

Exterior features

  • No Pool
  • Parking

Style

  • Multi Level
  • Two Story
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