Property Details
About this Property
Introducing the Olive Tree Apartments—a pride-of-ownership, 64-unit multifamily investment offering both immediate income and significant rental upside. Situated on over 2 acres in the heart of Lemon Grove, this well-maintained asset boasts a current GSI of ~$93,000/month with a projected 38% rental upside. The spacious unit mix features 1BR/1BA (677 SF) and 2BR/1.5BA (833 SF) floor plans. Select interiors have already been upgraded, including a 1-bedroom unit that recently leased at $1,950 within days—validating the market potential. A detailed 5-year value-add strategy and rent increase schedule are available upon request. Community amenities include gated entry, off-street parking, laundry room, office, grill and a pool & spa—enhancing tenant retention and lifestyle appeal. With a Walk Score of 90, the property is steps from grocery stores, schools, public transit, and minutes to Downtown San Diego. Large-scale properties with remaining upside are increasingly rare in the San Diego market—this is a uniqu
MLS Listing Information
MLS #
SD250033469
MLS Source
San Diego MLS
Days on Site
3
Interior Features
Flooring
Carpet - Wall to Wall, Concrete, Vinyl
Cooling
Window/Wall Unit
Heating
Wall Furnace
Parking, School, and Other Information
Garage/Parking
Other, Garage: Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | 64 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | – | – | 0/0 | – | $1,950 | – |
| 2 | – | – | 0/0 | – | $25,984 | – |
3280 Olive Street is a Residential Income in Lemon Grove, CA 91945. This – square foot property sits on a 2.1 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $15,995,000 and was built in –. This address can also be written as 3280 Olive Street, Lemon Grove, CA 91945.
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This listing information is up-to-date as of July 15, 2025. For the most current information, please contact Christina Labowicz, (858) 876-5701
