Coming soon
$1,750,000
· 19,981 sqft lot
7163-69 Central Ave, Lemon Grove, CA 91945
Multi-family · Built 1988 ·
$10,718/mo est. payment
- Garage
- 2 cars
3D tourFlood factor 1/10
About this home
Well-maintained 7-unit apartment property in Lemon Grove offered at $1,750,000. Built in approximately 1988 on a large 19,979 SF lot, the property features one 3-bedroom, 2.5-bath front house and six 2-bedroom units, including two townhomes. Two 2-bedroom units offer direct access to garages with washer/dryer hookups. The property includes 14 parking spaces, select private yards and balconies, separate SDG&E meters, and more than $90,000 in completed capital improvements, including plumbing, roofing, decking, stairways, and HVAC work. Current scheduled income is approximately $146,064, with estimated market income of approximately $199,200 and approximately $53,136 in potential annual gross-income upside. Conveniently located near State Routes 94 and 125, shopping, restaurants, La Mesa, Spring Valley, and Downtown San Diego. Buyer to verify all information and independently confirm income, expenses, rents, square footage, parking, and property characteristics. Please do not enter or walk the property, or contact any tenants or property management, without the prior approval of the Listing Agent.
Facts and features
Appliances
- Laundry Features: In Garage, Electric Dryer Hookup, Washer Hookup
Garage and Parking
- Carport Spaces: 12
- Garage Spaces: 2
- Parking Total: 14
Land Info
- Land Lease: No
- Lot Description: 0-1 Unit/Acre
- Lot Size Acres: 0.4587
- Lot Size Source: Public Records
- Lot Size Square Feet: 19979
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
Multi-Unit Info
- Number of Buildings: 2
- Number of Units: 7
Rental Info
- Gross Income: 146064
- Gross Scheduled Income: 146064
- Rent Control: No
Amenities and Community Features
- Community Features: Gutters, Curbs, Storm Drains, Sidewalks
Other Property Info
- Source Listing Status: Active Under Contract
- County: San Diego
- Cap Rate: 4.83
- Source Property Type: Residential Income
- Insurance Expense: 5600
- Area: 91945 - Lemon Grove
- Source Neighborhood: 91945 - Lemon Grove
- New Taxes Expense: 21175
Schools
- 4
San Miguel Elementary School
elementary · K-6 · 0.3 mi
- 4
Mount Miguel High School
high · 9-12 · 1.9 mi
Shiloh Christian Academy
elementary · K-12 · 0.3 mi
- 4
Vista La Mesa Academy
elementary · K-8 · 0.7 mi
Brookshire International Academy
high · 9-12 · 0.4 mi
Christian Creative Learning Academy
elementary · K-6 · 0.7 mi
Price history
- Sep 14, 2026 · Listed$1,750,000
- Oct 5, 1982 · Sold$75,000
- Nov 19, 1981 · Sold$75,000
Tax history
- 2025$19,018 tax · $1,137,835 assessed
- 2024$17,795 tax · $1,115,525 assessed
- 2023$17,419 tax · $1,072,209 assessed
- 2022$17,344 tax · $1,051,186 assessed
- 2021$17,152 tax · $1,030,576 assessed
- 2020$16,911 tax · $1,020,010 assessed
- 2019$16,647 tax · $1,000,010 assessed
- 2018$16,263 tax · $980,402 assessed
Home value
$1,063,903
- Quantarium$1,063,903
- Collateral Analytics$725,000
Where it is
Listed by Eric Von Bluecher · Lee & Associates · CRMLS
