7902 8 Lester Ave, Lemon Grove, CA 91945

About this property

**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.

Listing description from the August 2026 sale, as reported to CRMLS.

Sale history

$1,100,000

Sold August 2026 · listed $1,200,000, on market April 2026 · MLS #260009392SD · Source: CRMLS

Listing Agent: Caleb Mancini · Listing Office: Apartment Realty Group (ARG) · Contact: 619-222-9500 · Bought with: Caleb Mancini · Apartment Realty Group (ARG)

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