**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.
- Cooling System:
- N/K
- Fence:
- Partial
- Country:
- US
- State:
- CA
- County:
- SD
- City:
- Lemon Grove
- Community:
- LEMON GROVE
- Zipcode:
- 91945
- Street:
- Lester Ave
- Street Number:
- 7902-8
- Longitude:
- W118° 58' 17''
- Latitude:
- N32° 44' 38.4''
- Mls Area Major:
- East County
- Office Name:
- Apartment Realty Group (ARG)
- Agent Name:
- Caleb Mancini
- Building Size:
- 2880
- Construction Materials:
- Stucco
- Levels:
- 2 Story
- Number Of Units Total:
- 4
- On Market Date:
- 2026-04-20
- Stories Total:
- 2
- List Agent Mls Id:
- 709820
- List Office Mls Id:
- 60078
- Listing Term:
- Cash,Conventional,Exchange
- Mls Status:
- ACTIVE
- Modification Timestamp:
- 2026-04-21T01:21:24Z
- Originating System Name:
- SDMLS
- Special Listing Conditions:
- N/K
Residential Income
7902-8 Lester Ave, Lemon Grove, CA 91945
- Property Type :
- Residential Income
- Listing Type :
- For Sale
- Listing ID :
- 260009392
- Price :
- $1,200,000
- Bedrooms :
- 7
- Bathrooms :
- 4
- Year Built :
- 1953
- Status :
- Active
- Full Bathrooms :
- 4
- Property Sub Type :
- Res Income 2-4 Units
- Roof:
- Composition
