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$ 9,200,000
Est. payment | /mo
$ 9,200,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260014848SD
HOA Y/N No
Property Sub-Type Mixed Use
Property Description
Pleased to present 7645 Pacific Avenue, a 42-unit gated multifamily community built in 1969 and located in the heart of Lemon Grove, CA. The property features a desirable unit mix of 30 one-bedroom/one-bath units and 12 two-bedroom/one-bath units, catering to a broad tenant base in an affordability-driven submarket. The property features a private courtyard pool, gas BBQ area, onsite laundry room with three washer and three dryers and secure gated entry. The asset has benefited from significant capital improvements, reducing near-term deferred maintenance and enhancing operational efficiency. Recent upgrades include a full roof replacement (2011, with warranty through 2031), upgraded electrical subpanels (2023–2024), new exterior paint (2025), extensive fascia board replacement (2024), and complete parking lot resurfacing (2019). Additional improvements include new fencing (2025), updated water heaters (2021 & 2026), and completed SB721 balcony inspections (2023).
Location
State CA
County San Diego
Area 91945 - Lemon Grove
Interior
Fireplace No
Others
Tax ID 48010404
Listed by Conor Brennan Conor Brennan, Broker #01918598
Nearby Locations
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880 Roosevelt Suite 250, Irvine, California, 92620, United States