8465 Broadway Lemon Grove, CA ^$ 5,950,000

8465 Broadway

^$ 5,950,000

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Recently Listed

8465 Broadway

Lemon Grove, CA, 91945

^$ 5,950,000

Bedrooms12 Baths16.0 Sq 10,659

Monthly Estimate*

^$ 36,635

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Multi-Family Home for sale in Lemon Grove, CA

for $5,950,000 with 12 bedrooms and 16 full baths. This 10,659 square foot home was built on a lot size of 0.509986.

Grove Lofts at 8465 Broadway is a turnkey, newer construction 16-unit apartment building featuring 12 spacious 1 bedroom / 1 bathroom loft units and four ground floor studio units. The two story 10,659 square foot structure built in 2018 sits on a 22,215 square foot lot with 18 gated parking spaces, two of which are covered. The units have stainless steel appliances, dishwashers, built-in microwaves, private balconies, walk-in closets, in-unit stacked washer/dryers and mini-split A/C units. There is a ground-level barbeque patio with seating around a firepit as well as common patios on the second and third floors with pool and lawn chairs. The tenants are charged back for utilities through RUBS and there is currently 10% upside in rents. The property is currently exempt from AB1482 due to the newer construction. There are 4 storage units on the ground floor that, if rented, will provide additional income.

Multi-Family Active

Price

^$ 5,950,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Com-Res Income

Lot Size

0.509986

Town/City

Lemon Grove

County/Region

San Diego

MLS | Web ID

260006508

Features

Exterior

Total Parking 18.0

Lot Size Area 0.0

Number of Buildings 1

Building Area Total 10659.0

Waterfront Y/N N

General

Year Built 0

Stories Count 3

Property Subtype Com-Res Income

County San Diego

Operating Expense 140688.0

New Construction N

Property Type Residential Income

HOA N

Attached Garage N

Full Baths 16

Status ACTIVE

City Lemon Grove

Senior Community Y/N N

Number Of Units Total 16

MLS Area East County

Lot Size Units Acres

Lot Size Square Feet 22215.0

Property Attached Y/N N

Building Area Units Sqft

Living Area Units Sqft

Standard Status Active

Total Actual Rent 35030.0

Cap Rate 4.5

Freehold IDX

Interior

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Half Baths 0

Total Bedrooms 12

Total Baths 2

* Excluded Features

List By

Benn Vogelsang

Listing Agent

Northmarq Multifamily

Broker

(415) 250-4947

Phone

Affordability Calculator

$36,635

Per Month

Monthly Principal & Interest: $36,635
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Lemon Grove, CA

Average List Price ^$1,528,639

Percent of Sale Price 74%

About Lemon Grove, CA

26,853 Population

7% Since 2002

^$60,113 Median Income

36.67 Median Age

33% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

281193 Elementary School

281006 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/19/2026	$5,950,000		Listed Price

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8465 Broadway, Lemon Grove, CA, 91945 is a Multi-Family Home for sale at $5,950,000 with 10,659 sqft and a lot size of 0.509986. 8465 Broadway has 12 bedrooms and 16.0 baths. The property's zip code is 91945 which is in Lemon Grove, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of The Internet Data Exchange Program of San Diego Multiple Listing Service, Inc.

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego Multiple Listing Service, Inc. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright.

Data is updated as of 3/26/2026.

CA BRE #019180026.

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8465 Broadway

Multi-Family Home for sale in Lemon Grove, CA

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