7968-70 BroadwayLemon Grove, CA 91945

Property Details for 7968-70 Broadway

Year built

1950

Lot size

0.53 AC

Property size (Sq ft)

4,700 SF

Property type

Mixed-use properties

Property subtype

Other retail properties

Description

This exceptional mixed-use property in Lemon Grove, CA, presents a compelling redevelopment opportunity. Priced at $3,990,000, this 4,700 square foot property sits on a 0.53-acre lot with Commercial zoning. The 1950-built structure, renovated 10 years ago, comprises two buildings and features two retail stores, two one-bedroom apartments, and a detached single-family home. The property boasts 17 parking spaces, including a four-car garage, and enjoys 100% occupancy. Its strategic location offers easy access to Highways 94 and 125, and is conveniently situated within 20 minutes of the Port of San Diego. The property's diverse income streams, combined with its central location in a growing city and proximity to the Kelvin Building (a 66-unit luxury apartment complex across the street), make it an attractive investment for those seeking both immediate rental income and long-term appreciation. The five units are spread across two stories. The property's Class C designation and gross lease type provide further investment considerations. This is a rare opportunity to acquire a substantial mixed-use asset with significant upside potential in a thriving San Diego County location. The APN is 480-131-06-00.

Location Insight

City

Lemon Grove

County

San Diego

State

California

Latitude

32.7432

Longitude

-117.027

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