Investment Overview

Zorbas, Huffman, & Partners of Marcus & Millichap is pleased to present for sale, Limoncello, a 24-unit value-add community located in Lemon Grove, California. Built in 1995 on 0.52 acres, the property features a unit mix comprised of fifteen (15) studio units averaging 290 square feet and nine (9) one-bedroom / one-bathroom units averaging 402 square feet. 1790-1822 Dayton Dr features ample off-street parking, on-site laundry facilities, BBQ area, a common area garden, and on-site maintenance. Residents enjoy quick access to Imperial Avenue and major thoroughfares through Jamacha-Lomita and Encanto neighborhoods. Renovated in 2014, the recently renovated units feature hardwood floors, air conditioning, and patios or balconies. MTS Trolley line and bus services are conveniently located 2.0 miles away at the intersection of Massachusetts Avenue and Imperial Avenue, providing residents a convenient ride into downtown San Diego and nearby labor markets. Value-add sales continue to be a popular target in this submarket for local and private investors. Backed by emerging apartment fundamentals in the submarket, proximity to major employment centers, and the property’s true value add potential, the property is a perfect opportunity for an investor to gain a foothold into the submarket’s emerging growth