7902 8 Lester Ave, Lemon Grove, CA 91945

Property Description

**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 Status:

Active

Date Added:

April 20, 2026

Data Last Updated:

May 20, 2026 at 7:16AM

Listing Office:

Apartment Realty Group (ARG) : 619-222-9500

Listing Agent:

Caleb Mancini : 858-247-2487

MLS ID:

260009392SD

Interior

• A/C: None
• Heating:

Exterior

• Parking: Parking spaces: 0

Construction

• Roofing: Composition
• General: 2

Location

• HOA Amenities: 0.0
• Originating MLS: CRMLS_SAND
• County: San Diego

Lot

• Zoning: 4754722100
• Fencing: Partial

Financial

• Source: CRMLS_SAND