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Millman Team Real Estate

$1,200,000

7902 8 Lester Ave, Lemon Grove, California 91945

  • Residential Income Property Type
  • 1953 Year Built
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.

Basic Details
Residential Income
For Sale
260009392SD
$1,200,000
1953
Active
: Composition
Features
: None
: Partial
$0
Address Map
CA
San Diego
Lemon Grove
Lemon Grove
91945
Lester Ave
7902 8
W118° 58' 17.1''
N32° 44' 38.5''
CrossStreet: Lester Ave & Lemon Grove Ave
91945 - Lemon Grove
Additional Information
$0
$0
$0
$0
$0
: Two
4
2026-04-20
Downtown Village
2
2
Broker/Agent Information
Apartment Realty Group (ARG)
Caleb Mancini
Listing Information
SAND-709820
SAND-60078
Cash, Conventional
Active
2026-06-12T17:33:59Z
CRMLS
2026-04-19T17:00:00Z
Agent info
Ray Millman
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