8465 Broadway Lemon Grove, CA 91945
About This Home
Grove Lofts at 8465 Broadway is a turnkey, newer construction 16-unit apartment building featuring 12 spacious 1 bedroom / 1 bathroom loft units and four ground floor studio units. The two story 10,659 square foot structure built in 2018 sits on a 22,215 square foot lot with 18 gated parking spaces, two of which are covered. The units have stainless steel appliances, dishwashers, built-in microwaves, private balconies, walk-in closets, in-unit stacked washer/dryers and mini-split A/C units. There is a ground-level barbeque patio with seating around a firepit as well as common patios on the second and third floors with pool and lawn chairs. The tenants are charged back for utilities through RUBS and there is currently 10% upside in rents. The property is currently exempt from AB1482 due to the newer construction. There are 4 storage units on the ground floor that, if rented, will provide additional income.
Property Details
Home Type
- Multi-Family
Lot Details
- 0.51 Acre Lot
Parking
- 18 Parking Spaces
Home Design
Interior Spaces
- 1 Bedroom
- 10,659 Sq Ft Home
- 3-Story Property
Community Details
Overview
- 16 Units
Building Details
- 16 Leased Units
- Operating Expense $140,688
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $37,368 | $2,270,801 | $441,352 | $1,829,449 |
| 2024 | $37,368 | $2,226,277 | $432,699 | $1,793,578 |
| 2023 | $36,601 | $2,182,625 | $424,215 | $1,758,410 |
| 2022 | $36,448 | $2,139,830 | $415,898 | $1,723,932 |
| 2021 | $36,058 | $2,097,874 | $407,744 | $1,690,130 |
| 2020 | $35,534 | $2,076,364 | $403,564 | $1,672,800 |
| 2019 | $34,973 | $2,035,651 | $395,651 | $1,640,000 |
| 2018 | $17,313 | $1,368,286 | $368,286 | $1,000,000 |
| 2017 | $150 | $336,555 | $336,555 | $0 |
| 2016 | $4,567 | $329,956 | $329,956 | $0 |
| 2015 | $4,540 | $325,000 | $325,000 | $0 |
| 2014 | $1,164 | $49,920 | $49,920 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/16/2026 03/16/26 | For Sale | $5,950,000 | +1730.8% | $558 / Sq Ft | |
| 10/31/2014 10/31/14 | Sold | $325,000 | 0.0% | -- | View Prior Sale |
| 06/23/2014 06/23/14 | Pending | -- | -- | -- | |
| 04/14/2014 04/14/14 | For Sale | $325,000 | -- | -- |
Source: San Diego MLS
MLS Number: 260006508
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