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7902-8 Lester Ave, Lemon Grove, CA 91945

Lemon Grove
Local realty services provided by:CENTURY 21 Affiliated
7902-8 Lester Ave,Lemon Grove, CA 91945
$1,200,000
  • 7 Beds
  • 4 Baths
  • 2,880 sq. ft.
  • Multi-family
  • Active
Listed by: caleb mancini
Office: apartment realty group (arg)
MLS#:260009392
Source:San Diego MLS via CRMLS

Price summary

  • Price:$1,200,000
  • Price per sq. ft.:$416.67

About this home

**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.

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Home facts

  • Year built:1953
  • Listing ID #:260009392
  • Added:54 day(s) ago
  • Updated:June 14, 2026 at 02:06 PM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:4
  • Full bathrooms:4
  • Living area:2,880 sq. ft.

Structure and exterior

  • Roof:Composition
  • Year built:1953
  • Building area:2,880 sq. ft.
  • Construction Materials:Stucco
  • Levels:2 Story

Finances and disclosures

  • Price:$1,200,000
  • Price per sq. ft.:$416.67
MLS LogoThis information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2020 San Diego MLS®, Inc. SANDICOR Member Broker: Nikki Coppa

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