8694 Lemon Ave

This 24-unit multifamily offering presents a compelling opportunity to acquire a well-located asset comprised entirely of three-bedroom, two-bathroom floor plans, with large private yards for the downstairs units and balconies in 10 of the 14 upstairs units. Community amenities include a swimming pool, large patio space with a BBQ, community laundry facilities, extra storage, and abundant on-site parking.
The offering represents a true value-add opportunity, with the potential to upgrade both unit interiors and the building exterior to achieve substantially higher rents. Additionally, the property has not implemented a RUBS (Ratio Utility Billing System) program for water, sewer, and trash, presenting an opportunity for additional income through RUBS implementation.
Ideally situated near La Mesa Village, the property benefits from a highly walkable neighborhood with a Walk Score of 87. Residents enjoy immediate access to restaurants, coffee shops, bars, and retail along La Mesa Boulevard. The property is also approximately 0.8 miles from a San Diego Trolley station served by the Orange Line. With its strong in-place unit mix and multiple avenues for revenue growth, this offering provides investors with the opportunity to unlock significant upside in one of East County San Diego’s most desirable rental submarkets.