3240 Olive Street, Lemon Grove, CA 91945

$12,700,000
1
BD
List Price
$12,700,000
Days on Market
11
Status
ACTIVE
MLS#
180051233
Bedrooms
1
Lot Size(apprx.)
75,794
Property Type
Multifamily

Property Description

Rare 50 unit apartment opportunity in Lemon Grove, an urban San Diego area community close to all including San Diego State University. Excellent unit mix of larger sized apartments with 16 x 2/1's and 34 x 1/1's. 2 story low density development over 1.7 acres includes ample parking, community pool/BBQ area, leasing office, onsite laundry room. Recent capital improvements include new silicon roof, all new energy efficient windows, 2 x 100 gal water heaters, 5 new owned coinless washer/dryers and 13 completely gutted/renovated apartments (12 of the 16 two bedrooms). Value add upside in rental income and interior apartment improvements. Please see the virtual tour. Shown with accepted offer.

Additional Information

Construction
Frame
Cooling
Wall/Window
Gross Scheduled Income Actual
50
Gross Scheduled Income Project
978600
Laundry
Owned
Lot Size
75,794
Roof
Other/Remarks
Stories
2 Story
Style
Com-Res Income

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of PacBLU

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