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$1,200,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 7 Total Beds
  • Updated 20 hours ago
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**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.

Full Property Details for 7902-8 Lester Ave

General

  • Price: $1,200,000
  • Status: Active
  • Type: Multi-Family
  • Source: SANDICOR
  • MLS ID: 260009392
  • Updated: 4/20/2026
  • Added to Site: 2 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 4

Bedrooms

  • Total Bedrooms: 7

Location

  • Area: LEMON GROVE (91945)
  • County: San Diego
  • Subdivision: LEMON GROVE
  • Neighborhood: Downtown Village
  • Complex: Downtown Village

Structural Information

  • # Buildings: 1
  • Detached/Attached: Detached
  • Construction: Stucco
  • Roof: Composition
  • Stories/Levels: 2
  • Square Feet: 2,880
  • Year Built: 1953

Unit Information

  • Units in Building: 4

Lot Features

  • Fencing (Description): Partial

Financial Considerations

  • Operating Expenses: $27,658
  • Terms: Cash, Conventional, Exchange
  • Tenant Pays: Electricity

Disclosures and Reports

  • Property ID: 475-472-21-00

Listed by Apartment Realty Group (ARG) (619) 222-9500, Caleb Mancini

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Listing agent

— 7902-8 Lester Ave —

  • Caleb Mancini

    Apartment Realty Group (ARG)

caleb.mancini@arg1031.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 7902-8 Lester Ave

School Districts:Lemon Grove Elementary School District, Grossmont Union High School District
NameGradesDistance
Lemon Grove Academy For The Sciences And Humanities
7866 Lincoln Street, Lemon Grove, CA 91945
7-80.4 mi
Mount Miguel High School
8585 Blossom Lane, Spring Valley, CA 91977
9-121.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 7902-8 Lester Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/20/2026
Listed
$1,200,000
533.25%
MLS
7/07/1998
Sold
$189,500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 7902-8 Lester Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,546
8%
$296,269
4%
2023
$6,075
—
$284,767
2%
2022
$6,054
1%
$279,184
2%
2021
$6,003
2%
$273,710
1%
2020
$5,899
2%
$270,905
2%
2019
$5,801
2%
$265,594
2%
2018
$5,662
2%
$260,387
2%
2017
$5,553
4%
$255,282
2%
2016
$5,321
—
$250,278
2%
2015
$5,300
-9%
$246,519
-18%
2014
$5,852
1%
$301,661
—
2013
$5,811
—
$300,299
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 7902-8 Lester Ave

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Apartment Realty Group (ARG) (619) 222-9500, Caleb Mancini

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7902-8 Lester Ave, Lemon Grove, CA 91945 (MLS# 260009392) is a Multi-Family property with 4 units containing 7 bedrooms and 4 full bathrooms. 7902-8 Lester Ave is currently listed for $1,200,000 and was received on April 20, 2026. Want to learn more about 7902-8 Lester Ave? Do you have questions about finding other Multi-Family real estate for sale in Lemon Grove? You can browse all Lemon Grove real estate or contact a Coldwell Banker agent to request more information.

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