**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.
For sale
$1,200,000
7902-8 Lester Ave, Lemon Grove, CA 91945
7beds
--sqft
Multi Family
Built in 1953
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 76 days |
- 163 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
Caleb Mancini DRE #02253641 858-247-2487,
Apartment Realty Group (ARG)
Source: SDMLS,MLS#: 260009392
Originating MLS: San Diego Association of REALTOR
Originating MLS: San Diego Association of REALTORLoading...
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Cooling
- N/K
Interior area
- Total structure area: 2,880
Property
Features
- Levels: 2 Story
- Fencing: Partial
Details
- Parcel number: 4754722100
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco
- Roof: Composition
Condition
- Year built: 1953
Community & HOA
Community
- Security: N/K
- Subdivision: LEMON GROVE
Location
- Region: Lemon Grove
Financial & listing details
- Date on market: 4/20/2026
- Listing terms: Cash,Conventional,Exchange
- Tenant pays: Electricity
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 4/20/2026 | Listed for sale | $1,200,000 |
Source:  SDMLS #260009392 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 91945
Nearby schools
GreatSchools rating
- 6/10Lemon Grove Academy ElementaryGrades: K-6Distance: 0.2 mi
- 4/10Lemon Grove Academy For The Sciences And HumanitiesGrades: 6-8Distance: 0.4 mi
- 4/10Mount Miguel High SchoolGrades: 9-12Distance: 1.6 mi
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- California
- San Diego County
- Lemon Grove
- 91945
- 7902-8 Lester Ave
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