8858 Olive Lane, Santee CA, 92071

Active

8858 Olive Lane

Santee CA, 92071

$8,250,000

Active

Commercial

Listed by Michael Mignosa with The Browar Group 858-414-4398

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.

240006417SD

MLSⓇ ID

March 4, 2024

Listed

April 17, 2024

Updated

Map

8858 Olive Lane
Santee CA, 92071

Interior Features

Fireplace: No
Cooling: Yes
Cooling Description: Wall/Window Unit(s)
Heating: Yes
Heating Description: Forced Air, Wall Furnace

Exterior/Building Features

Lot Size: 1.01 Acres

Other Property Details

Area Name: 92071 - Santee
Days on Market: 22
Garage: No
Parking Total: 36
View: No
County: San Diego
Pool: No
Zoning: R14
Buyer Agency Compensation: 1.75%

Listing Contact: 858-414-4398

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 4/17/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 4/17/2024 at 10:08 PM UTC