7902-8 Lester Ave, Lemon Grove, CA 91945 - Photo 1 of 10, Lemon Grove, CA
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$1,200,000

7902-8 Lester Ave, Lemon Grove, CA 91945

Apartment Realty Group (ARG)
MLS® 260009392
7Beds
4Baths
2,880Sq Ft
1953Built
21Days Listed

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.

Caleb ManciniApartment Realty Group (ARG)858-247-2487MLS® 260009392

Property Location

Map

Property Details

Property Type
Res Income 2-4 Units
Bedrooms
7
Bathrooms
4
Building Area
2,880 Sqft
Living Area
0 sqft
Year Built
1953
Status
Active
Days on Market
21
Cumulative Days on Market
1
Original Price
$1,200,000
MLS® Number
260009392

Location & Neighborhood

What's nearby 7902-8 Lester Ave, Lemon Grove, CA 91945

Nearby Schools

Parks & Recreation

Local Amenities

Coffee & Cafes

POI data updated 7/19/2026

Lemon Grove Market Snapshot

44

Active Listings

$650K

Median Price

38

Avg Days on Market

Last updated: Apr 21, 2026

Based on information from California Regional Multiple Listing Service, Inc. as of the date of this data. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.

$1,200,000