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$ 5,950,000
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8465 Broadway Lemon Grove, CA 91945
0.51 Acres Lot
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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260006508SD
HOA Y/N No
Lot Size 0.510 Acres
Property Sub-Type Mixed Use
Property Description
Grove Lofts at 8465 Broadway is a turnkey, newer construction 16-unit apartment building featuring 12 spacious 1 bedroom / 1 bathroom loft units and four ground floor studio units. The two story 10,659 square foot structure built in 2018 sits on a 22,215 square foot lot with 18 gated parking spaces, two of which are covered. The units have stainless steel appliances, dishwashers, built-in microwaves, private balconies, walk-in closets, in-unit stacked washer/dryers and mini-split A/C units. There is a ground-level barbeque patio with seating around a firepit as well as common patios on the second and third floors with pool and lawn chairs. The tenants are charged back for utilities through RUBS and there is currently 10% upside in rents. The property is currently exempt from AB1482 due to the newer construction. There are 4 storage units on the ground floor that, if rented, will provide additional income.
Location
State CA
County San Diego
Area 91945 - Lemon Grove
Interior
Fireplace No
Exterior
Total Parking Spaces 18
Others
Tax ID 4992205300
Listed by Benn Vogelsang NorthMarq Multifamily #01883437
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