$ 8,250,000
8858 Olive Lane Santee, CA 92071
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$ 8,250,000
Est. payment | /mo
1.01 Acres Lot
$ 8,250,000
Est. payment | /mo
1.01 Acres Lot
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
Listed by Michael D Mignosa • The Browar Group
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Krystal Lane
Partner | Lic# 1918284