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8050-8052 Lemon Grove Way 4 Unit Apartment Building $1,375,000 ($343,750/Unit) 4.70% Cap Rate Lemon Grove, CA 91945
INVESTMENT HIGHLIGHTS
- Single story
- Four garages
- No shared walls (with exception of garages) for maximum privacy
- Over 1/2 acre lot
EXECUTIVE SUMMARY
8050 Lemon Grove Way represents a rare opportunity to own four large 2 bedroom/1 bathroom units on over a half an acre-sized lot. The units come equipped with single car garages, washer/dryer hookups, spacious back yards, dual pane windows and all of them are single story. There are no shared walls with any neighbors except for the walls connecting the garages to maximize privacy even further. Due to the uniquely large lot size, there is the capacity to build additional units in the future for even further upside.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,375,000 | Apartment Style | Low-Rise |
| Price Per Unit | $343,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.55 AC |
| Cap Rate | 4.70% | Building Size | 3,036 SF |
| Gross Rent Multiplier | 14.2 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1954 |
| Property Subtype | Apartment | Parking Ratio | 2.64/1,000 SF |
| Zoning | R3 | ||
| Price | $1,375,000 |
| Price Per Unit | $343,750 |
| Sale Type | Investment |
| Cap Rate | 4.70% |
| Gross Rent Multiplier | 14.2 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.55 AC |
| Building Size | 3,036 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1954 |
| Parking Ratio | 2.64/1,000 SF |
| Zoning | R3 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Storage Space
- Washer/Dryer Hookup
- Yard
- Family Room
- Patio
- Porch
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $2,000 | 759 |
1 1
Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 475-450-22 | Total Assessment | $1,055,366 (2025) |
| Land Assessment | $496,109 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $559,257 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
475-450-22
Land Assessment
$496,109 (2025)
Improvements Assessment
$559,257 (2025)
Total Assessment
$1,055,366 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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8050-8052 Lemon Grove Way
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