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$ 5,950,000
Est. payment /mo
Active
8465 Broadway Lemon Grove, CA 91945
12 Beds
2 Baths
10,659 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Com-Res Income
Listing Status Active
Purchase Type For Sale
Square Footage 10,659 sqft
Price per Sqft $558
MLS Listing ID 260006508
Bedrooms 12
Full Baths 16
Lot Size 0.510 Acres
Property Sub-Type Com-Res Income
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 East County
Interior
Fireplace No
Exterior
View Y/N No
Total Parking Spaces 18
Building
Story 3
Others
Senior Community No
Tax ID 499-220-53-00
Listed by Benn Vogelsang, DRE#01883437 NorthMarq Multifamily