Lemon Grove Multifamily Investment
For Sale
$1,200,000
7902 8 Lester Ave, Lemon Grove, CA 91945
Four units with value-add potential in a walkable neighborhood.
Days on Market102
Property Features for 7902 8 Lester Ave
General Information
Standard status
Active
Property subtype
Investment
Building Details
Year Built
1953
Listing Agency:
(858) 247-2487
Listed By:
Caleb Mancini
(858) 247-2487
Source:
Elliman
Added: Apr 21
Changed: Jul 10
Last Checked: Jul 30 at 10:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Caleb Mancini
Investment Insights
Based on property information with market context.
This property features three 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit. There are four off-street parking spaces. A new roof was installed in 2025. The location provides convenient access to local retail, transit, and community amenities. The property is situated in a neighborhood with ongoing redevelopment projects and investment. This four-unit property offers a value-add opportunity. Investors can unlock NOI growth by renovating and re-tenanting the units. The property has a proforma cap rate of 6.91%. The location is very walkable, with a walk score of 80. The transit score is 45, indicating some transit options are available. The bike score is 48, indicating that the area is somewhat bikeable.
Key Highlights
- 6. 91% Proforma Cap Rate
- Value‑Add Opportunity with 132% Rental Income Upside
- New Roof Installed in 2025
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
992
Businesses Nearby
Explore this area
Business Placement
Demographics for 91945, CA
27,814
Population
9,715
Households
2.9
Avg Household Size
38
Median Age
20%
College-Educated
89%
High-School Grad
4.0 sq mi
ZIP Area
6,954
Density / Sq Mi
$79,381
Median Household Income
$41,727
Median Earnings
$1,769
Median Rent
$640,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four units with value-add potential in a walkable neighborhood.
Where is this quadplex located?
The property is located at 7902 8 Lester Ave Lemon Grove, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 6. 91% Proforma Cap Rate; Value‑Add Opportunity with **132% Rental Income Upside**; New Roof Installed in 2025
