Listing provided courtesy of Caleb Mancini of Apartment Realty Group (ARG). Last updated 2026-06-13 08:11:24.000000. Listing information © 2026 Sandicor.
Asking Price: $1,200,000 |
7902 Lester Ave, Lemon Grove CA 91945
Community: 91945 - Lemon Grove
This property was built in 1953 and is priced at $1,200,000. Please see the additional details below.
**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.
