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Nicolas Romo
Direct Office:
800-659-4610
sellingcasas@gmail.com

DRE# 01787685
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Nicolas Romo
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Direct Office:
800-659-4610
sellingcasas@
gmail.com

DRE# 01787685
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8858 Olive Lane,  Santee CA, 92071

(Active)
$8,250,000
|
21,990 sqft
|
MLS# PTP2401214
Last Updated: 5/15/2024 8:25 AM
Description for 8858 Olive Lane Santee, CA 92071
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 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.
Price
$8,250,000
San Diego
21,990 (approx)
PTP2401214
Active
Description
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 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.
Listing Information
Property Type: Multi-Family, Business Opportunities, 2 Story
1.01 Acres Public Records 21,990 (approx)
1979 2
Public
1 Total
Neighborhood
Room Information
Exterior / Lot Features
36 Parking Spaces, 0 Covered Parking Spaces,
R14
Lot Over 40000 Sqft,Near Public Transit
Driving Directions
8858 Olive Lane Santee, CA 92071
Financial Considerations
3843302900
Conventional
Listing Price History

Santee Real Estate

Santee is located in California. Santee, California 92071 has a population of 56,946.

The median household income in Santee, California 92071 is $88,499. The median household income for the surrounding county is $83,628 compared to the national median of $66,222. The median age of people living in Santee 92071 is 38 years.

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Listing Agent: Michael Mignosa CalDRE: 02049221 - The Browar Group, mike@thebrowargroup.com
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The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this website. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This content last refreshed on 5/15/2024 8:25 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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