7902 Lester Ave, Lemon Grove, CA 91945

Building Details

Year Built

1953

Listing agent Caleb Mancini Show Phone

Listing office c***@arg1031.com Show Phone

Listing date Apr 21, 2026

Source Elliman

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

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Overview

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.

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Lemon Grove

County

San Diego

State

California

Longitude

-117.0285822

Latitude

32.744024

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FAQs

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 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