Movoto Real Estate
Sold on 11/26/2024

8858 Olive Ln, Santee, CA 92071

  • $7,608,000

    Last sold 11/26/2024 after 628 Days

  • 3

    bed

  • 3

    bath

  • 21,990

    Sqft ($346/Sqft)

Multi-family not for sale
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About 8858 Olive Ln

Property type Multi-family
HOA fee $0/month
Rental estimate
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.
Listed by
Listing Agent - Michael D Mignosa
Listing Agent Contact: 949-207-8321
Listing Office - The Browar Group
Source: San Diego MLS mls logo
MLS#240006417 • last updated 1 year ago
Movoto checked San Diego MLS for data 15 minutes ago
Overview
Cooling/AC Central Forced Air Elec, Wall/Window
Heating Central Forced Air Elec, Wall
Levels/Style Apartment, 2 Story, 2
Virtual Tour N/A
MLS # 240006417
Type Residential Income
Status SOLD
SubType Com-Res Income
Living Area 21990
Interior
Total # of Bathrooms 3
Total # of Bedrooms 3
Flooring Tile, Vinyl
Exterior
Parking Spaces
# of Parking Spaces 36
Location
Community Features BBQ
Zoning R14
Directions 8858 Olive Lane Santee, CA 92071
Multifamily Details
Total # of Buildings 1
Total # of Units 26
Financial Data Source Owner
We are not permitted to show value estimates for this property.
  • Nov 2024
    mls logo MLS # 240006417
  • Nov 28, 2024 Sold
    $7,608,000
  • Mar 4, 2024 Listed
    $8,250,000
  • Nov 2024
    Public Records
  • Nov 26, 2024 Sold
    $7,609,000 (-7.8%)
  • 8858 Olive Ln
    $7.6M
  • 92071
    $686K -5% y/y
  • Santee
    $686K -5% y/y
No chart available
Statistics calculated by Movoto

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8/10
8/10
Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • CA
  • San Diego County
  • Santee
  • 92071
  • 8858 Olive Ln
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