property-detail

property-detail

property-detail

property-detail

property-detail

property-detail

3240 Olive Street, Lemon Grove CA 91945 | $12,700,000

Status: Active
  • 1 bedrooms
  • 1 bathrooms
  • 0 Sq Ft
  • 75794 Lot Sq Ft
  • Type: Com-Res Income
  • Stories: 2
  • Year Built:
  • MLS#: 180051233
  • Community: East County

Listing provided courtesy of Scott DeGoler of PacBLU. Last updated 2018-09-13 09:20:48.000000. Listing information © 2018 Sandicor.

Rare 50 unit apartment opportunity in Lemon Grove, an urban San Diego area community close to all including San Diego State University. Excellent unit mix of larger sized apartments with 16 x 2/1's and 34 x 1/1's. 2 story low density development over 1.7 acres includes ample parking, community pool/BBQ area, leasing office, onsite laundry room. Recent capital improvements include new silicon roof, all new energy efficient windows, 2 x 100 gal water heaters, 5 new owned coinless washer/dryers and 13 completely gutted/renovated apartments (12 of the 16 two bedrooms). Value add upside in rental income and interior apartment improvements. Please see the virtual tour. Shown with accepted offer.

More Details

1.74 Acres
2 Stories
Number of Units: 50
Price Per Unit: 254000
SqFt of Improvement: 39680

Call or Text: 619-568-2600

Thank you!