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3240 Olive St
Lemon Grove, CA 91945
Olive Avenue Apartments · Multifamily Property For Sale
·
50 Units
PROPERTY FACTS
| No. Units | 50 | Building Size | 39,840 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1980 |
| Building Class | C | Parking Ratio | 1.26/1,000 SF |
| Lot Size | 1.74 AC | ||
| Zoning | R-4 | ||
| No. Units | 50 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.74 AC |
| Building Size | 39,840 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built | 1980 |
| Parking Ratio | 1.26/1,000 SF |
| Zoning | R-4 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Disposal
- Microwave
- Storage Space
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Carpet
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Picnic Area
- Pool
- Grill
- Walk-Up
ABOUT 3240 OLIVE ST , LEMON GROVE, CA 91945
The Olive Avenue Apartments are ideally located in Lemon Grove just 3 blocks from the Lemon Grove Trolley Depot. The 50 spacious apartments are made up of 34-1BR/1BA units and 16-2BR/1BA units and average 796sf each. 15 of the 50 units have been substantially upgraded over the past year. The owner has spent over $290,000 upgrading the property since 2015 with improvements such as: New Silicone Roof, New Energy Efficient Windows, New 100 Gallon Water Heaters, New Coinless Washers/Dryers, New Interior Upgrades to 15 Units, New Water Treatment System, and New Asphalt & Concrete Work. Easy access from the property to the 94, 805, & 125 Freeways make this property an attractive option for renters who commute. Ideally located just a short 8 miles to Downtown San Diego and 12 miles to the Pacific Ocean.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 34 | $1,240 | 650 |
| 2+1 | 16 | $1,522 | 850 |
PROPERTY TAXES
| Parcel Number | 480-171-18 | Improvements Assessment | $7,104,787 |
| Land Assessment | $5,836,644 | Total Assessment | $12,941,431 |
PROPERTY TAXES
