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

Lemon Grove, CA, 91945
$ 5,950,000
Bedrooms-- Baths--

Monthly Estimate*

$ 36,635

Listed by NorthMarq Multifamily
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Commercial Property for sale in Lemon Grove, CA

for $5,950,000. The lot size is 0.51.

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.

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Commercial Active

Price

$ 5,950,000

Property Type

Commercial

Taxes

$ 0

Style

Lot Size

0.51

Town/City

Lemon Grove

County/Region

San Diego

MLS | Web ID

260006508SD

Days on Market

5

Features
General
HOA Fee 0
Property Subtype Mixed Use
County San Diego
Net Operating Income 267061
Operating Expense 140688
Property Type Commercial Sale
Status Active
City Lemon Grove
Number Of Units Total 16
MLS Area 91945 - Lemon Grove
Lot Size Units Square Feet
Lot Size Square Feet 22215
Standard Status Active
Property Sub Type Additional Mixed Use
Cap Rate 4.5
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Interior
Air Conditioning Y/N true
Heating Y/N false
Total Baths 0
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Exterior
Total Parking 18
Lot Size Area 22215
Number of Buildings 1
Lot Size Acres 0.51
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* Excluded Features
List By
Northmarq Multifamily

Broker

BennVogelsang@gmail.com

Email

Affordability Calculator

$36,635
Per Month
100%
0%
0%
Monthly Principal & Interest
$36,635
Monthly Property Taxes
--
Monthly 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
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/19/2026$5,950,000 Listed Price

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8465 Broadway, Lemon Grove, CA, 91945 is a Commercial Property for sale at $5,950,000 with a lot size of 0.51. The property's zip code is 91945 which is in Lemon Grove, CA