Home | San Diego County | Lemon Grove | 91945 | 7902-8 Lester Ave
MLS: SD260009392 | Status: Active | Price: $1,200,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | – | – | 1953 |
4 UNITS, VALUE ADD, 6.91% PROFORMA CAP RATE The property features three (3) 2bedroom/1bath units and one (1) 1bedroom/1bath unit, along with four (4) off-street parking spaces. There is approximately 132% upside in rental income and a new roof was installed in 2025. The location offers convenient access to local retail, transit, and community amenities, making it an attractive long-term rental market as the neighborhood continues to evolve. Surrounded by ongoing redevelopment projects and neighborhood investment, this property represents a compelling value-add opportunity at one of the best price points for a 4-unit in San Diego County. With renovations and re-tenanting, investors can unlock substantial NOI growth and capitalize on the area’s upward trajectory.
| Field | Value |
|---|---|
| MLS # | SD260009392 |
| MLS Source | San Diego MLS |
| Days on Site | 3 |
| Feature | Details |
|---|---|
| Cooling | Other |
| Feature | Details |
|---|---|
| Roof | Composition |
Caleb Mancini
Apartment Realty Group (ARG)
License #: 02253641
Phone: (858) 247-2487
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 760 | 2 | 1/0 | $2,500 |
| 2 | 760 | 2 | 1/0 | $1,045 |
| 3 | 760 | 2 | 1/0 | $965 |
| 4 | 600 | 1 | 1/0 | $1,000 |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 6844 Missy Ct | $1,399,000 | – | – | – | PendingDoNotShow |
| 7222 Princeton Ave | $1,125,000 | – | – | – | Active |
| 4927 67th St | $1,249,500 | – | – | – | Active |
| 7182 84 Amherst St | $1,200,000 | – | – | – | Active |
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This listing information is up-to-date as of April 21, 2026. For the most current information, please contact Caleb Mancini, (858) 247-2487.