Mixed-Use Property with
For Sale
$3,475,000
7968-70 BROADWAY, Lemon Grove, CA 91945
Commercially zoned property combines retail space with residential units and a detached house.
Property Size4,704 SF
Lot Size0.53 Acres
Price / SF$738.73
Days on Market63
Property Features for 7968-70 BROADWAY
General Information
Standard status
Active
Size
4,704 SF
Lot size
0.53 Acres
Units
Unit Mix
2 x 1BR, 1 x single-family home
Multifamily Units
3
Additional Details
Asking Price
$3,990,000
Highway Access
Yes
Building Details
Year Built
1950
Tenancy
Multi
Listing Agency:
Berkshire Hathaway HomeService
Listed By:
Zulema Ugarte · License #01420331
(619) 254-2934
Source:
Patfullerrealty
Added: Aug 14
Changed: Oct 5
Last Checked: Oct 14 at 10:36PM
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 Berkshire Hathaway HomeService
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Investment Insights
Based on property information with market context.
This mixed-use property includes two retail stores, two one-bedroom apartments, and a detached single-family home. The improvements were built in 1950 and contain 4,704 square feet on a 0.53-acre lot zoned Commercial. A four-car garage and additional parking support the property’s varied residential and commercial configuration.
Located at 7968-70 Broadway in Lemon Grove, the property offers access to Highway 94 and Highway 125 and is 20 minutes from the Port of San Diego. The Kelvin Building, a 66-unit luxury apartment property, is located across the street.
Located at 7968-70 Broadway in Lemon Grove, the property offers access to Highway 94 and Highway 125 and is 20 minutes from the Port of San Diego. The Kelvin Building, a 66-unit luxury apartment property, is located across the street.
Key Highlights
- Two retail stores, two one‑bedroom apartments, and a detached single‑family home
- 4,704 square feet of improvements built in 1950
- 0.53‑acre lot with Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,589
Cap Rate
2.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,031,780
$2.0M
Cap Rate 7%
$1,451,271
$1.5M
Cap Rate 9%
$1,128,767
$1.1M
Market Conditions
NOI Build-Up for 4,704 SF
Gross rent
$189.7K $40.32/SF
− Vacancy
−$27.1K −$5.77/SF
EGI
$162.5K $34.55/SF
− OpEx
−$61.0K −$12.96/SF
NOI
$101.6K $21.60/SF
Area
San Diego County, CA
Vacancy
14.30%
Lease Rate
$40.32 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,031,780
Cap Rate 7%
$1,451,271
Cap Rate 9%
$1,128,767
Alternative Uses
Best Use
Mixed Use
$1.45M
$1.27M – $1.69M
NOI $101,589 @ 7.0% cap · market cap 2.92%
Second Best
Apartment 5plus
$1.12M
$977.0K – $1.30M
NOI $78,159 @ 7.0% cap · market cap 2.25%
Theoretical Best
Office A
$2.16M
$1.89M – $2.51M
NOI $150,865 @ 7.0% cap · market cap 4.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,032
Businesses Nearby
109k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 38%
Dining 27%
Groceries 18%
Home Improvements & Furnishings 14%
Sprouts Farmers Market
Groceries
20,088 visits/mo
0.3 miles
Harbor Freight Tools
Home Improvements & Furnishings
15,298 visits/mo
0.3 miles
Jack in the Box
Dining
13,762 visits/mo
0.0 miles
Popeyes Louisiana Kitchen
Dining
11,210 visits/mo
0.3 miles
Bank of America
Shops & Services
10,345 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercially zoned property combines retail space with residential units and a detached house.
Where is this mixed-use property located?
The property is located at 7968-70 BROADWAY Lemon Grove, CA.
What is the asking price?
The asking price for this property is $3,475,000.
What are key features of this property?
This property features: Two retail stores, two one‑bedroom apartments, and a detached single‑family home; 4,704 square feet of improvements built in 1950; 0.53‑acre lot with Commercial zoning
