3240 Olive Street, Lemon Grove, 91945

REDUCED 4% Commercial - Com-Res Income For Sale

$12,200,000

Beds
Baths
Sqft
1.74Acres
Built
40DOM
MLS® #: 180051233
ACTIVE, 40 Days on Market

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

Essential Information

MLS® #: 180051233
Price: $12,200,000
Acres: 1.74
Type: Commercial
Sub-Type: Com-Res Income
Status: ACTIVE

Community Information

Address: 3240 Olive Street
Area: LEMON GROVE (91945)
City: Lemon Grove
County: San Diego
State: CA
Zip Code: 91945

Amenities

Amenities: BBQ, Other/Remarks
Parking Spaces: 64
Parking: Spaces

Interior

Heating: Wall
Cooling: Wall/Window
# of Stories: 2
Stories: 2 Story

Exterior

Exterior: All Auto Sprinklers, Fully Landscaped, Part Fenced
Roof: Other/Remarks
Construction: Frame

Additional Information

Date Listed: September 12th, 2018
Days on Market: 40

Listing Details

Listing Office: PacBLU

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further.

All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 Sandicor®, Inc.

Listing information last updated on October 23rd, 2018 at 12:45am PDT.

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further.

All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 Sandicor®, Inc.

Listing information last updated on October 23rd, 2018 at 12:45am PDT.