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$1,200,000
7 Beds 4 Baths 260009392 MLS ACTIVE Status Downtown Village BLDG.
**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.

7902-8 Lester Ave, Lemon Grove

$449,900
2 Beds 2 Baths PTP2602896 MLS ACTIVE Status Village Walk BLDG.
VA and First Time Buyer Friendly. COMMUNITY ADVANTAGE PROGRAM ELIGIBLE PROPERTY!!! Remodeled second-floor corner unit in the gated Village Walk community featuring new laminate wood flooring, baseboards, fresh paint, and stainless steel appliances with a new dishwasher. Bright open-concept layout with southwest exposure and tons of natural light. Enjoy a private entrance and a large balcony with oversized storage. Two spacious bedrooms each offer a walk-in closet, with the primary featuring an en-suite bathroom. Central A/C & heat plus two assigned parking spaces (one covered). Community amenities include a pool, gym, playground, dog area, and recreation room. Prime location within walking distance to shops, restaurants, and easy freeway access. VA and First Time Buyer Friendly. COMMUNITY ADVANTAGE PROGRAM ELIGIBLE PROPERTY!!! Remodeled second-floor corner unit in the gated Village Walk community featuring new laminate wood flooring, baseboards, fresh paint, and stainless steel appliances with a new dishwasher. Bright open-concept layout with southwest exposure and tons of natural light. Enjoy a private entrance and a large balcony with oversized storage. Two spacious bedrooms each offer a walk-in closet, with the primary featuring an en-suite bathroom. Central A/C & heat plus two assigned parking spaces (one covered). Community amenities include a pool, gym, playground, dog area, and recreation room. Prime location within walking distance to shops, restaurants, and easy freeway access.

3535 Grove St Unit 221, Lemon Grove

$1,250,000
5 Beds 2 Baths NDP2602550 MLS ACTIVE Status
Exquisite historic home - Fels Ranch - set on .65 of an acre - with separate carriage house is ready for its new owner! Meticulously restored by the current owners, paying great attention to retaining & enhancing the original architectural details of the home while updating the infrastructure for modern day living. Spacious rooms with gleaming original redwood floors, high ceilings, beautiful views from every window, wraparound deck with outdoor living and dining areas all contributing to this idyllic estate. The yard, a horticulturist's delight, includes an irrigated vegetable garden, grape vines, a variety of fruit bearing trees & a stunning native California Live Oak. Simultaneously, for equestrians, the lot size allows for 2 horses per the City of Lemon Grove ordinance. The 2 story carriage house/barn, with its own work shop, offers many conversion opportunities and with ample outdoor space immediately adjacent - room for an RV, horse trailer and more! Truly, this is a country estate embracing all that implies and yet close to all urban amenities, great schools and fine dining. An easy commute to downtown, airport etc. Offering clear potential for development both by adding additional units/ADUs and/or splitting the lot per the City of Lemon Grove - this is a great investment opportunity! The property is also located within the priority address zone for Helix Charter High School, recently recognized by Voice of San Diego as the best-performing school in San Diego County. Exquisite historic home - Fels Ranch - set on .65 of an acre - with separate carriage house is ready for its new owner! Meticulously restored by the current owners, paying great attention to retaining & enhancing the original architectural details of the home while updating the infrastructure for modern day living. Spacious rooms with gleaming original redwood floors, high ceilings, beautiful views from every window, wraparound deck with outdoor living and dining areas all contributing to this idyllic estate. The yard, a horticulturist's delight, includes an irrigated vegetable garden, grape vines, a variety of fruit bearing trees & a stunning native California Live Oak. Simultaneously, for equestrians, the lot size allows for 2 horses per the City of Lemon Grove ordinance. The 2 story carriage house/barn, with its own work shop, offers many conversion opportunities and with ample outdoor space immediately adjacent - room for an RV, horse trailer and more! Truly, this is a country estate embracing all that implies and yet close to all urban amenities, great schools and fine dining. An easy commute to downtown, airport etc. Offering clear potential for development both by adding additional units/ADUs and/or splitting the lot per the City of Lemon Grove - this is a great investment opportunity! The property is also located within the priority address zone for Helix Charter High School, recently recognized by Voice of San Diego as the best-performing school in San Diego County.

2641 Massachusetts Ave, Lemon Grove

$745,000
3 Beds 3 Baths 260005983 MLS ACTIVE Status
Beautiful two-story home with soaring ceilings and abundant natural light, creating an open and inviting atmosphere. The thoughtfully updated kitchen features white cabinetry, quartz countertops, stainless steel appliances, recessed lights plus walk-in pantry, and a functional breakfast bar that opens to the dining and living areas—perfect for entertaining or everyday living. The spacious living room showcases warm wood flooring and a comfortable layout for gatherings. Upstairs offers well-proportioned bedrooms and bathrooms, including an updated primary bath with a stylish double-sink vanity. Large sliding glass doors provide seamless access to a private backyard patio with a lot of fruit trees, ideal for outdoor dining and relaxation! Home is equipped with a solar system under a Power Purchase Agreement (PPA), allowing you to pay for power at a potentially lower rate than traditional utilities. An extraordinary home in the heart of the Miller's Ranch community which offers both comfort and convenience. Centrally located to shopping centers, schools, public transportation. Solar system installed under Power Purchase Agreement (PPA). Buyer to assume existing solar agreement, subject to provider approval. Solar provides potential energy savings. Buyer to verify all terms.

2317 Sherwood Dr, Lemon Grove

$3,475,000
240027123 MLS ACTIVE Status
This property offers a substantial investment opportunity in a growing city. Priced at $3,990,000, it includes two retail stores, two one-bedroom apartments, and a detached single-family home. Built in 1950, the building covers 4,704 square feet and sits on a 0.53-acre commercial-zoned lot. In addition to diverse residential and commercial units, the property features a four-car garage and ample parking. Its mixed-use potential makes it attractive for investors seeking rental income and long-term growth as the area develops. Centrally located development in Lemon Grove Easy freeway access to both Highway 94 and 125 20 minutes from the Port of San Diego Retail/commercial opportunity for businesses Kelvin Building with 66 luxury apartments located across the street This property offers a substantial investment opportunity in a growing city. Priced at $3,990,000, it includes two retail stores, two one-bedroom apartments, and a detached single-family home. Built in 1950, the building covers 4,704 square feet and sits on a 0.53-acre commercial-zoned lot. In addition to diverse residential and commercial units, the property features a four-car garage and ample parking. Its mixed-use potential makes it attractive for investors seeking rental income and long-term growth as the area develops. Centrally located development in Lemon Grove Easy freeway access to both Highway 94 and 125 20 minutes from the Port of San Diego Retail/commercial opportunity for businesses Kelvin Building with 66 luxury apartments located across the street

7968-70 Broadway, Lemon Grove

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