8465 Broadway, Lemon Grove, CA 91945

The Grove Lofts at 8465 Broadway is a 10,659 square foot, two-story apartment building constructed in 2018. It features sixteen units: twelve one-bedroom, one-bathroom loft units and four ground-floor studio units. Situated on a 22,215 square foot lot, the property includes 18 gated parking spaces, two of which are covered. Unit amenities include stainless steel appliances, dishwashers, built-in microwaves, private balconies, walk-in closets, in-unit stacked washer/dryers, and mini-split A/C units. Common areas feature a ground-level barbeque patio with seating around a firepit, as well as second and third-floor patios with pool and lawn chairs. Tenants are charged back for utilities through RUBS, and there is currently 10% upside in rents. The property is currently exempt from AB1482 due to its newer construction. Four ground-floor storage units offer potential for additional income. The property is located in Lemon Grove, 9 miles from Downtown San Diego, with convenient access to local restaurants, coffee shops, entertainment, and landmarks. The College Grove Shopping Center and Lemon Grove Plaza are nearby. Commuter options include quick access to State Route 94, leading to Interstate 5, and the Lemon Grove Depot (MTS) trolley stop within walking distance. Nearby activities include Reading Cinemas, SDCCU Stadium, Lemon Grove Park, and Berry Street Park. Educational facilities in close proximity include San Miguel Elementary School, San Altos Elementary School, Lemon Grove Academy, Liberty Charter High School, San Diego State University, and Grossmont College.