3240 Olive
Lemon Grove, CA 91945

$10,750,000

Description

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.

Details

MLS#190015016
StyleIndustrial
Sub-TypeResale
StatusActive
Days On Site33

Features

Story(s)0
Units50

Market Activity 91945

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Area Information

StateCA
CountySan Diego
CityLemon Grove
Zip Code91945
Listing VS Median (in 91945)
Price:
$10,750,000
low | high
Med:
$499,000
100% of Average
On Site:
33
low | high
Med:
21.500000
100% of Average
Listing Updated: 04/22/2019
MLS Number: 190015016
Listing Provided By:
Mark Morgan  of  Apartment Consultants Inc.
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