7902 Lester Ave Lemon Grove, CA $ 1,200,000
7902 Lester Ave
$ 1,200,000
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7902 Lester Ave

Lemon Grove, CA, 91945
$ 1,200,000
Baths1.0

Monthly Estimate*

$ 7,389

Listed by Apartment Realty Group (ARG)
7902 Lester Ave, Lemon Grove, CA 91945 - Image 1
7902 Lester Ave, Lemon Grove, CA 91945 - Image 2
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7902 Lester Ave, Lemon Grove, CA 91945 - Image 4
7902 Lester Ave, Lemon Grove, CA 91945 - Image 5
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7902 Lester Ave, Lemon Grove, CA 91945 - Image 9
7902 Lester Ave, Lemon Grove, CA 91945 - Image 10
Studio

Multi-Family Home for sale in Lemon Grove, CA

for $1,200,000 with 1 full bath. This home was built in 1953.

**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.

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Multi-Family Active

Price

$ 1,200,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Year Built

1953

Town/City

Lemon Grove

County/Region

San Diego

MLS | Web ID

260009392SD

Days on Market

3

Features
General
Cooling None
Roof Composition
HOA Fee 0
Year Built 1953
Tenant Pays Electricity
Stories Count 2
Levels Two
County San Diego
Net Operating Income 20183
Property Type Residential Income
Subdivision Name Lemon Grove
Status Active
Directions CrossStreet: Lester Ave & Lemon Grove Ave
City Lemon Grove
Senior Community Y/N false
Number Of Units Total 4
MLS Area 91945 - Lemon Grove
Listing Terms Cash Conventional
Standard Status Active
Cap Rate 1.95
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Interior
Total Stories 2
Air Conditioning Y/N false
Heating Y/N true
Total Baths 0
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Exterior
Fencing Partial
Total Parking 0
Park Name Downtown Village
Number of Buildings 1
Spa false
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* Excluded Features
List By
Apartment Realty Group (Arg)

Broker

caleb.mancini@arg1031.com

Email

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$7,389
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Monthly Principal & Interest
$7,389
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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
4/20/2026$1,200,000 Listed Price

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7902 Lester Ave, Lemon Grove, CA, 91945 is a Multi-Family Home for sale at $1,200,000. 7902 Lester Ave is a studio with 1.0 baths and was built in 1953. The property's zip code is 91945 which is in Lemon Grove, CA