Sold
8858 Olive Lane
Santee CA, 92071
$7,608,000
$345.98 per sqft
Sold
3 Beds
21,990 sqft
Commercial
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.
240006417
MLSⓇ ID
March 26, 2024
Listed
November 28, 2024
Updated
Map
8858 Olive Lane
Santee CA, 92071
Interior Features
Total Stories
2
Bedrooms
3
Floor Description
Tile, Vinyl
Fireplace
No
Cooling
Yes
Cooling Description
Electric, Wall/Window Unit(s)
Heating
Yes
Heating Description
Central Forced Air Elec, Wall Furnace
Exterior/Building Features
Lot Features
Landscaped
Other Property Details
Area Name
East County
Days on Market
120
Garage
No
Parking
Spaces
Parking Total
36
View
No
County
San Diego
Pool
No
Zoning
R14
Listing History
Date | Event | Price |
|---|---|---|
11/28/2024 | Sold | $7,608,000 |
7/8/2024 | Pending | — |
Listed by The Browar Group, Michael D Mignosa,
Listing Contact: 408-623-6444
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Data last updated 1:17 AM UTC, 11/28/2024
