Property Details
Property Name
8050 Lemon Grove Way
Address
8050 Lemon Grove Way, Lemon Grove, CA
Asking Price
$1,375,000
Units
4
Building Size
3,036 SF
Property Type
Multifamily
Cap Rate
—
Price Per Unit
$343,750
Status
Active
Broker
South Coast Commercial
Investment Opportunity
South Coast Commercial is pleased to present 8050 Lemon Grove Way, a four-unit multifamily property situated on an expansive half-acre (23,958 SF) parcel in the suburban community of Lemon Grove. The asset is comprised of four spacious two-bedroom/one-bathroom residences — each single-story with private backyards, washer/dryer hookups, and dedicated garages. With no shared living walls aside from the garages, the property delivers a rare low-density configuration that enhances privacy and long-term tenant appeal.
Originally constructed in 1954 (approximately 3,036 SF of building area), the residences are well maintained and benefit from durable improvements such as dual-pane windows. The property combines stable in-place income with meaningful development potential under R-3 zoning, plus convenient access to major freeways, public transit, and regional employment centers.
Why This Property
Strong in-place income
High-demand urban corridor
Rental upside potential
Limited competing inventory
Suitable for 1031 exchange
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