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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

7968-70 Broadway Lemon Grove, CA 91945

4,700 SF 0.53 ac lot Built 1950
Property ID
Property summary
AI-generated overview

This exceptional mixed-use property in Lemon Grove, CA, presents a compelling redevelopment opportunity. Priced at $3,990,000, this 4,700 square foot property sits on a 0.53-acre lot with Commercial zoning. The 1950-built structure, renovated 10 years ago, comprises two buildings and features two retail stores, two one-bedroom apartments, and a detached single-family home. The property boasts 17 parking spaces, including a four-car garage, and enjoys 100% occupancy. Its strategic location offers easy access to Highways 94 and 125, and is conveniently situated within 20 minutes of the Port of San Diego. The property's diverse income streams, combined with its central location in a growing city and proximity to the Kelvin Building (a 66-unit luxury apartment complex across the street), make it an attractive investment for those seeking both immediate rental income and long-term appreciation. The five units are spread across two stories. The property's Class C designation and gross lease type provide further investment considerations. This is a rare opportunity to acquire a substantial mixed-use asset with significant upside potential in a thriving San Diego County location. The APN is 480-131-06-00.

Property profile
Verified
Property type Retail properties & Spaces
Year built 1950
Total area 4,700 SF
Lot 0.53 ac (23,087 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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