John E Burge

Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Please reload the page to update with the latest MLS information available.

Reload
 

7902 8 Lester AveLemon Grove, CA 91945

Multi-Family
$1,200,000 Active

7902 8 Lester Ave Overview

Time on Site:
70 days
Visits:
2

**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.

Love this property?
Create a profile so you can receive updates on this property as soon as they happen!
View Map

7902 8 Lester Ave Facts & Features

  • Type Multi-Family

Details

General

Income/Expenses

  • Gross Scheduled Income: 49320.0
  • Net Operating Income: 20183.0

Building Information

  • Year Built: 1953

Location/Region

  • Country: US
  • County Or Parish: San Diego
  • MLS Area Major: 91945 - Lemon Grove
  • Postal City: LEMON GROVE
  • Subdivision Name: Lemon Grove

Rent/Lease Information

  • Tenant Pays: Electricity

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: 4754722100
  • Park Name: Downtown Village
  • Property Type: Residential Income
  • Senior Community: No

Interior

Beds/Baths

  • Bathrooms Total: 0

General Information

  • Heating: Yes
  • Levels: Two
  • Spa: No
  • Stories: 2
  • Stories Total: 2

Exterior

Lot Information

  • Number Of Buildings: 1

Waterfront/View

  • View: No

Building Exterior/Construction

  • Roof: Composition

General Information

  • Fencing: Partial
  • Number Of Units Total: 4

7902 8 Lester Ave Neighborhood

Community

91945 (LEMON GROVE) Demographics

36
Median Age
6,861
Population Density (per sq. mile)
28%
College Educated
$67,236
Estimated Median Income
4,524
Estimated Total Home Owners
4,135
Estimated Total Renters
52% / 48%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

7902 8 Lester Ave Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

7902 8 Lester Ave Market Data

Based on the last 30 days in this zip code

$751,402
Average List Price
$505
Average Price per Square Foot
11
Properties Sold
70
Average Days on Market
44
Properties for Sale
Calculations provided by Reliance Network

7902 8 Lester Ave History

Date Event Value Agent
4/20/2026Source: CRMLS Added to Database
April 20, 2026
Listing provided courtesy of Apartment Realty Group (ARG)Caleb Mancini- MLS# 260009392SDMLS ProviderContact Information: [email protected] - 619-222-9500
Cookie Button: