858-525-5007

7902 Lester Ave, Lemon Grove CA 91945 | $1,200,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 0 Lot Sq Ft
  • Type:
  • Stories: 2
  • Year Built: 1953
  • MLS#: 260009392SD
  • Community: 91945 - Lemon Grove

Listing provided courtesy of Caleb Mancini of Apartment Realty Group (ARG). Last updated 2026-04-25 08:11:35.000000. Listing information © 2025 SANDICOR.

**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.

More Details

2 Stories

David Piper​

Call or Text: 858-525-5007

DRE# 02021985