7902-8 Lester Ave, Lemon Grove, CA 91945 - Photo 1

1/1

$1,100,000

Sold
Closed
Multi-Family
7 Total Beds

1/1

Property Description

**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

Full Property Details for 7902-8 Lester Ave

General

Sold For: $1,100,000
Status: Closed
Type: Multi-Family
Source: SANDICOR
MLS ID: 260009392
Added to Site: 145 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 and Sold 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

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NMLS#: 1598647

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Schools

Schools serving 7902-8 Lester Ave

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

Name	Grades	Distance
Lemon Grove Academy For The Sciences And Humanities 7866 Lincoln Street, Lemon Grove, CA 91945	7-8	0.4 mi
Mount Miguel High School 8585 Blossom Lane, Spring Valley, CA 91977	9-12	1.6 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

Date

Details

Price

Change

Source

8/05/2026

Sold

$1,100,000

-8.33%

MLS

4/20/2026

Listed

$1,200,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Just Listed

$1,125,000

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Single Family
Active
Updated 3 days ago

5
Beds
3
Total Baths
2,602
Sq. Ft.

Listed by Anita Reynolds (CalRE#: 01845775) (858) 692-3790 and Shaun Reynolds (CalRE#: 02439292) (858) 886-9772

5700 Baltimore, La Mesa, CA 91942 - Photo 1

Just Listed

$425,000

Open House

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Condo
Active
Updated 1 day ago

1
Bed
1
Total Bath
671
Sq. Ft.

Listed by Cynthia Tomasino (CalRE#: 01786713) (949) 246-6261

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Just Listed

$1,200,000

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Multi-Family
Active
Updated 3 days ago

6
Total Beds

9108 Birch, Spring Valley, CA 91977 - Photo 1

Just Listed

$565,000

9108 Birch Spring Valley, CA 91977

Single Family
Active
Updated 1 day ago

2
Beds
2
Total Baths
1,000
Sq. Ft.

3870 Rojo Tierra Rd, La Mesa, CA 91941 - Photo 1

Price Reduced

-$41,000 (-3.31%)

$1,198,999

3870 Rojo Tierra Rd La Mesa, CA 91941

Single Family
Active
Updated 3 days ago

4
Beds
3
Total Baths
2,265
Sq. Ft.

1329 Portola Ave, Spring Valley, CA 91977 - Photo 1

1329 Portola Ave Spring Valley, CA 91977

Single Family
Active
Updated 1 day ago

5
Beds
3
Total Baths
2,574
Sq. Ft.

3915 Rojo Tierra Rd, La Mesa, CA 91941 - Photo 1

Price Reduced

-$20,000 (-1.65%)

$1,189,999

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Single Family
Active
Updated 3 days ago

4
Beds
3
Total Baths
2,132
Sq. Ft.

3925 Rojo Tierra Rd, La Mesa, CA 91941 - Photo 1

Price Reduced

-$30,000 (-2.48%)

$1,179,999

3925 Rojo Tierra Rd La Mesa, CA 91941

Single Family
Active
Updated 3 days ago

4
Beds
3
Total Baths
2,132
Sq. Ft.

7945 Shadow Hill Dr, La Mesa, CA 91941 - Photo 1

Sold

$1,240,000

7945 Shadow Hill Dr La Mesa, CA 91941

Single Family
Closed

3
Beds
2
Total Baths
2,412
Sq. Ft.

7923 Cinthia St, La Mesa, CA 91941 - Photo 1

Sold

$1,000,000

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Single Family
Closed

5
Beds
3
Total Baths
2,225
Sq. Ft.

3865 Rojo Tierra Rd, La Mesa, CA 91941 - Photo 1

Sold

$1,210,000

3865 Rojo Tierra Rd La Mesa, CA 91941

Single Family
Closed
Updated 1 day ago

4
Beds
3
Total Baths
2,234
Sq. Ft.

7849 Highwood Ave, La Mesa, CA 91941 - Photo 1

Sold

$1,010,000

7849 Highwood Ave La Mesa, CA 91941

Single Family
Closed

3
Beds
2
Total Baths
1,734
Sq. Ft.

7902-8 Lester Ave, Lemon Grove, CA 91945 (MLS# 260009392) is a Multi-Family property that was sold at $1,100,000 on August 05, 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.

7902-8 Lester Ave Lemon Grove, CA 91945