Listing ID210024604
Sold For$785,000
StatusSOLD
CountySan Diego
Year Built1945
Property Type2-4 Units
Finally! A 2-unit is now available in Lemon Grove! Both units feature recently remodeled kitchens, baths, newer paint, garage doors, appliances, windows (all approx. 5 yrs), and storage shed. Some hardwood floors. Large separate garages with individual laundry. This is your opportunity to own a solid investment. Other opportunities may include, using the huge space for RV storage, rental, or unit addition/expansion. R-3 zoning with verbal approval from city to expand. Very steady rents/tenants. Rents are low for the area and have the flexibility for an increase. (Month to Month tenancy). For a primary residence, consider a purchase together with family and live right next door! Units are 2 bd/1 ba and 2 bd/2 ba. Large private yards make this property ideal. Easy access to shopping and highways make this an easy to rent or live in property! *Both units are tenant occupied. Please do not attempt to access the property. Please contact listing agent for any questions!
County
San Diego
City
Lemon Grove
Property Type
2-4 Units
Year Built
1945
Cooling
Wall/Window, N/K
Heat Equipment
Forced Air Unit
Heat Source
Natural Gas
Levels
1 Story
Total Stories
1
Unit 1 Estimated SqFt
704
Unit 1 Laundry Hook Ups
Yes
Unit 1 Number of Bedrooms
2
Unit 1 Number of Full Baths
1
Unit 1 Number Total Baths
1
Unit 2 Estimated SqFt
780
Unit 2 Laundry Hook Ups
Yes
Unit 2 Number of Bedrooms
2
Unit 2 Number of Full Baths
2
Unit 2 Number Total Baths
2
Unit Number for Unit 1
3270
Unit Number for Unit 2
3272
Complex Features
RV/Boat Parking
Entry Only
no
Exterior
Stucco
Fencing
Full
Irrigation
N/K
Lot Size
7,500-10,889 SF
Neighborhood
Lemon Grove
Number of Buildings
2
Number of Units
2
Number of Units w/Dryers
2
Number of Units w/Garage
2
Number of Units w/Patios
2
Number of Units w/Range/Oven
2
Number of Units w/Refrigerator
2
Number of Units w/Washers
2
Number Units w/Dishwashers
2
Parking for RV
Potential Space
Parking Garage Unit 1
Attached
Parking Garage Unit 2
Attached
Roof
Composition
Sewer/Septic
Sewer Connected
Site
Public Street
Spa
N/K
Spa Heat
None Known
Unit 1 Parking Garage Space
1
Unit 2 Parking Garage Space
1
Water
Meter on Property
Water Heater Type
Gas
Community
LEMON GROVE
Complex/Park
n/a
Country
United States
Market Area
East County
Topography
Level
View
N/K
Zip/Area
LEMON GROVE (91945)
Additional Property Use
N/K
Miscellaneous
Outbuilding
Property Type
2-4 UNITS
Age Restrictions
N/K
Annual Expense Actual
10000
Cap Rate Actual
5.5
Financing
FHA
Gross Rent Multiplier Act
17.44
Gross Scheduled Income Actual
45000
Home Owners Fee Includes
N/K
Possession
Other/Remarks, Call Listing Agent
Sale/Rent
For Sale
Sales Restrictions
N/K
Short Sale
no
Tenant Pays
Sewer, Trash, Water, Cable TV, Electricity
Terms
Cal Vet, Cash, Conventional, FHA, VA
Unit 1 Deposit
1500
Unit 1 Projected Rent
1950
Unit 1 Rent Actual
1840
Unit 2 Deposit
1500
Unit 2 Projected Rent
2100
Unit 2 Rent Actual
1910
Contact - Listing ID 210024604
Lawrence Dy
11440 W. Bernardo Ct #300
San Diego, CA 92127
Phone: 8584491253
Phone Alt: 8584491253
Data services provided by IDX Broker
