8858 Olive Lane, Santee, CA 92071

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Sheila Dadashzadeh

[email protected] +1(858) 375-6785

$8,250,000

Est. payment - /mo

1.01 Acres Lot

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UPDATED:

07/08/2024 05:42 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 240006417

Lot Size 1.010 Acres

Property Description

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.

Location

State CA

County San Diego

Area Santee (92071)

Zoning R14

Interior

Heating Central Forced Air Elec, Wall

Cooling Central Forced Air Elec, Wall/Window

Flooring Tile, Vinyl

Exterior

Exterior Feature Fully Landscaped

Garage Spaces

Total Parking Spaces 36

Building

Story 2

Others

Space Rent $610,200

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Listed by Michael D Mignosa • The Browar Group

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Sheila Dadashzadeh

+1(858) 375-6785

Agent | CA BRE #01835591

Agent CA BRE #01835591

San Diego Communities