3240 Olive Street

Lemon Grove, CA 91945


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Glen Henderson

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Key Details

Property Type: Com-Res Income

Lot Size: 1.740 Acres

Purchase Type: For Sale

Listing Status: Active

MLS Listing ID: 180062923

Type of Financing: Cash to New Loan,Exchange Up

Property Description

Rare 50 unit apartment opportunity in Lemon Grove, an urban San Diego area community close to all including San Diego State University. Excellent unit mix of larger sized apartments with 16 x 2/1's and 34 x 1/1's. 2 story low density development over 1.7 acres includes ample parking, community pool/BBQ area, leasing office, onsite laundry room. Recent capital improvements include new silicon roof, all new energy efficient windows, 2 x 100 gal water heaters, 10 owned coinless washer/dryers and 13 completely gutted/renovated apartments (12 of the 16 two bedrooms). Value add upside in rental income and remaining interior apartment improvements. Please see the virtual tour and Project OM. Shown with accepted offer.


State: CA

County: San Diego


Laundry: Owned

Heating: Wall

Cooling: Wall/Window

Flooring: Vinyl,Wall to Wall Carpet

Air Conditioning: Wall/Window


Garage: Spaces

Garage Spaces: 60

Exterior Feature: All Auto Sprinklers,Cable Available,Part Fenced


Story: 2 Story


Middle Schools: Lemon Grove Academy

High Schools: Mount Miguel High School

School District: Lemon Grove Elementary School District,Grossmont Union High School District

Property History

Date Event Price Source

    Neighborhood Demographic

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    Glen HendersonBig Block Realty, Inc

    Glen Henderson

    Broker Associate CA BRE #01384181

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