7902-8 Lester Ave, Lemon Grove, CA 91945

Lemon Grove
Local realty services provided by:ERA Donahoe Realty
7902-8 Lester Ave,Lemon Grove, CA 91945
$1,200,000
  • 7 Beds
  • 4 Baths
  • 2,880 sq. ft.
  • Multi-family
  • Active
Listed by: caleb mancini
Office: apartment realty group (arg)
MLS#:260009392
Source:San Diego MLS via CRMLS

Price summary

  • Price:$1,200,000
  • Price per sq. ft.:$416.67

About this home

**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.

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Home facts

  • Year built:1953
  • Listing ID #:260009392
  • Added:59 day(s) ago
  • Updated:June 19, 2026 at 02:01 PM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:4
  • Full bathrooms:4
  • Living area:2,880 sq. ft.

Structure and exterior

  • Roof:Composition
  • Year built:1953
  • Building area:2,880 sq. ft.
  • Construction Materials:Stucco
  • Levels:2 Story

Finances and disclosures

  • Price:$1,200,000
  • Price per sq. ft.:$416.67
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