3240 OLIVE STREET
LEMON GROVE, CA 91945

$11,500,000
3240 OLIVE STREET, LEMON GROVE, CA 91945
Number of Units: 50
Type: Multi-Unit
Listing # 180062923
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.

  • Features
  • Map
  • Mortgage Calculator
  • Schools
  • Walk Score

PROPERTY INFORMATION FOR 3240 OLIVE STREET, LEMON GROVE, CA 91945

Location Information
City: Lemon Grove   County: San Diego  

Interior Features
Heating: Wall   Cooling: Wall/Window  
Unit 1 Features: Est. SqFt: 0, Bedrooms: 1   Unit 2 Features: Est. SqFt: 230000, Bedrooms: 2  
Unit 3 Features: Est. SqFt: 39680   Unit 4 Features: Est. SqFt: 4925000  
Total Number of Units: 50    

Exterior Features
Exterior: All Auto Sprinklers, Cable Available, Part Fenced   Parking Description: Spaces  
Parking Spaces: 60   Lot Size in Sq. Ft.: 75794  
Number of Buildings: 1    

Additional Information
List Date: 11/11/2018   Property Type: RI  
Property SubType: COMMERCIAL-RES INCOME   Status: ACTIVE  
Unit 1 Info: Rent Actual: $828, 000.00   Unit 3 Info: Projected Rent: $41, 446.00  
Unit 4 Info: Projected Rent: $24, 096.00   Gross Scheduled Income Actual: 50.000000000000  
Gross Scheduled Income Projected: $978, 600.00    

MAP FOR 3240 OLIVE STREET, LEMON GROVE, CA 91945
MORTGAGE CALCULATOR FOR 3240 OLIVE STREET, LEMON GROVE, CA 91945
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SCHOOL INFORMATION FOR 3240 OLIVE STREET, LEMON GROVE, CA 91945
WALK SCORE FOR 3240 OLIVE STREET, LEMON GROVE, CA 91945


Listing Agent:
Scott DeGoler and Cristina Munteanu
760-585-1716 SD / 619-806-8822 CM
sdegoler@pacblu.net

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