8858 Olive Lane, Santee, CA 92071

About this commercial property

ASSUMABLE FINANCING AVAILABLE, INQUIRE WITH LISTING AGENT. We are pleased to present the Olive Tree Apartments. The Olive Tree Apartments are located at 8858 Olive Lane Santee, CA 92071. This 26-unit apartment community was built in 1979 and sits on a 43,996 square foot lot. The property is comprised of (1) 1bed+1bath unit, & (25) 2bed+2bath units, and 36 surface level parking spaces. The Olive Tree Apartments include a communal BBQ outdoor area, on site laundry, and private balconies or patios for all units. Recent upgrades include but are not limited to a newer roof, parking lot improvements, and outdoor lighting & landscaping. Held long-term by current ownership, the property represents an excellent value add opportunity for astute investors to fix up the units and increase cash flow. The Olive Tree Apartments are less than a mile away from local shopping including Mission Gorge Square Shopping Center, Santee Trolley Square, and Santee Town Shopping Center and Trolley Station. This superb location offers tenants the ability to walk to local shopping, dining, and more. This location also offers easy access to main thoroughfares such as Mission Gorge Road and State Route 52.

Listing description from the November 2024 sale, as reported to CRMLS.

Sale history

$7,608,000

Sold November 2024 · listed $8,250,000, on market March 2024 · MLS #240006417SD · Source: CRMLS

Listing Agent: Michael Mignosa · Listing Office: The Browar Group · Contact: 858-414-4398 · Bought with: Krista Losito · KB Investments

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