UNITED STATES / CA / Lemon Grove / East County

3240 Olive Street

Lemon Grove, CA 91945

$11,500,000
PRICE
1
BEDS
1
FULL BATHS


​​​​​​​MLS ID: 180062923

About 3240 Olive Street

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, 10 owned coinless washer/dryers and 13 completely gutted/renovated apartments (12 of the 16 two bedrooms). Value add upside in rental income and remaining interior apartment improvements. Please see the virtual tour and Project OM. Shown with accepted offer.

Photo Gallery

Features

General:
1.74 Acres, 2 Stories
Number of Units:
50
Price Per Unit:
230000
SqFt of Improvement:
39680

Location

Similar Homes Nearby

Share this Listing