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$8,250,000

Beds
Unknown
sq ft
Unknown

8858 Olive Ln, Santee, CA 92071

8858 Olive Ln

Santee, CA 92071

  • Pending
ASSUMABLE FINANCING AVAILABLE, INQUIRE WITH LISTING AGENT. We are pleased to present the Olive Tree Apartments. The Olive Tree Apartments are located at 8858 Olive Lane Santee, CA 92071. This 26-unit apartment community was built in 1979 and sits on a 43,996 square foot lot. The property is comprised of (1) 1bed+1bath unit, & (25) 2bed+2bath units, and 36 surface level parking spaces. The Olive Tree Apartments include a communal BBQ outdoor area, on site laundry, and private balconies or patios for all units. Recent upgrades include but are not limited to a newer roof, parking lot improvements, and outdoor lighting & landscaping. Held long-term by current ownership, the property represents an excellent value add opportunity for astute investors to fix up the units and increase cash flow. The Olive Tree Apartments are less than a mile away from local shopping including Mission Gorge Square Shopping Center, Santee Trolley Square, and Santee Town Shopping Center and Trolley Station. This superb location offers tenants the ability to walk to local shopping, dining, and more. This location also offers easy access to main thoroughfares such as Mission Gorge Road and State Route 52.

Details

Property type

Lot size

1.01 acres

Price per sq ft

Unknown

Year built

Unknown

Price History

07/08/2024
SanDiego

SanDiego #240006417

Pending
$8,250,000
03/04/2024
SanDiego

SanDiego #240006417

Listed
$8,250,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Status: Pending/Under Contract

Tomo last checked: 10/04/2024 at 8:00 PM

Listing updated: 07/08/2024 at 10:44 AM

Listed by: Michael D Mignosa, The Browar Group Phone #: (858) 414-4398

MLS: SanDiego #240006417

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