7645 Pacific Ave, Lemon Grove, CA 91945
- $9,200,000
- List Price
- $9,200,000
- Status
- ACTIVE
- MLS#
- 260014848SD
- Days on Market
- 39
- Property Type
- Commercial
- 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).
/u.realgeeks.media/northcountyrealestateteam/brianeliel_harcourtsone.png)
Additional Information
- Cooling
- Yes
- Attached Structure
- Detached
- Number Of Units Total
- 42
- Gross Scheduled Income
- $886,560
- Operating Expense
- 337077
Listing courtesy of Listing Agent: Conor Brennan (Conor.Brennan@cbre.com) from Listing Office: Conor Brennan, Broker.
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.