8-7902 Lester Ave
Lemon Grove, CA 91945
**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.
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bathroom Information
Total Baths: 0 -
Interior Features
Roof: Composition -
Cooling Features
None Air ConditioningHeating Source
Has Heating
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Building Information
Year Built: 1953 Roof: Composition -
Fencing
Partial
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Listing Price Information
Original List Price: 1,200,000 Listing Contract Date: 2026-04-20 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 4754722100
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Rental Info
Lease Term: Negotiable Tenant Pays: Electricity
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Other Property Info
Source Listing Status: Active Source Neighborhood: 91945 - Lemon Grove Directions: CrossStreet: Lester Ave & Lemon Grove Ave Source Property Type: Residential Income Area: 91945 - Lemon Grove -
Building and Construction
Property Age: 73 Year Built Source: Vendor Enhanced Levels or Stories: Two Building Total Stories: 2
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 52-8050 Lemon Grove Way, Lemon Grove, CA, 91945 | $1,250,000 | -- | -- | -- | |
| 2330 Di Foss Street, Lemon Grove, CA, 91945 | $824,999 | 4 | 2 | 1,280 | 1,280 SqFt |
| 2317 Sherwood Dr, Lemon Grove, CA, 91945 | $760,000 | 3 | 2 | 1,461 | 1,461 SqFt |
| 18-7316 Pacific Avenue, Lemon Grove, CA, 91945 | $899,999 | -- | -- | 1,816 | 1,816 SqFt |
| 2641 Massachusetts Ave, Lemon Grove, CA, 91945 | $1,250,000 | 5 | 2 | 1,578 | 1,578 SqFt |
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ByOwner last updated this listing 06/07/2026 @ 20:33
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