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Sold for $7,608,000
  • $7,608,000

    8858 Olive Ln, Santee, CA 92071

    3beds
    3baths
    21,990sqft
    Multi Family
    Built in ----
    -- sqft lot
    $5,532,200 Zestimate®
    $346/sqft
    $2,822 Estimated rent

    Home value

    $5,532,200

    $4.32M - $7.08M

    $2,822/mo

    Zestimate® history
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    What's special

    ASSUMABLE FINANCING AVAILABLE, INQUIRE WITH LISTING AGENT. We are pleased to present the Olive Tree Apartments. The Olive Tree Apartments are located at 8858 Olive Lane Santee, CA 92071. This 26-unit apartment community was built in 1979 and sits on a 43,996 square foot lot. The property is comprised of (1) 1bed+1bath unit, & (25) 2bed+2bath units, and 36 surface level parking spaces. The Olive Tree Apartments include a communal BBQ outdoor area, on site laundry, and private balconies or patios for all units. Recent upgrades include but are not limited to a newer roof, parking lot improvements, and outdoor lighting & landscaping. Held long-term by current ownership, the property represents an excellent value add opportunity for astute investors to fix up the units and increase cash flow. The Olive Tree Apartments are less than a mile away from local shopping including Mission Gorge Square Shopping Center, Santee Trolley Square, and Santee Town Shopping Center and Trolley Station. This superb location offers tenants the ability to walk to local shopping, dining, and more. This location also offers easy access to main thoroughfares such as Mission Gorge Road and State Route 52.

    Zillow last checked:

    Listing updated:

    Listed by:

    Michael D Mignosa DRE #02049221 408-623-6444,

    The Browar Group

    Bought with:

    Krista K Losito, DRE #01763777

    KB Investments

    Source: SDMLS,MLS#: 240006417MLS LogoOriginating MLS: San Diego Association of REALTOR

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    Heating
    • Central Forced Air Elec, Wall
    Cooling
    • Central Forced Air Elec, Wall/Window
    Features
    • Flooring: Tile, Vinyl
    Interior area
    • Total structure area: 21,990
    • Total interior livable area: 21,990 sqft

    Property

    Parking
    • Total spaces: 36
    • Parking features: Spaces
    Features
    • Levels: 2 Story
    • Stories: 2
    Lot
    • Size: 1.01 Acres
    Details
    • Zoning: R14
    • Zoning description: R14

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Fully Landscaped

    Community & neighborhood

    Community
    • Community features: BBQ
    Location
    • Region: Santee

    Price history

    DateEventPrice
    11/26/2024Sold$7,608,000$346/sqft
    Source: SDMLS #240006417 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 92071

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $5,532,200
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $5,532,200