For more information on this property, contact Lawrence Dy at 8584491253 or lawrencedy@gmail.com

3270-72 New Jersey Ave
Lemon Grove, California CA 91945
Sold For: $785,000
Listing ID 210024604
Status SOLD
Year Built 1945

Property Description:

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!

Primary Features

County: San Diego
City: Lemon Grove
Property Type: 2-4 Units
Year Built: 1945

Interior

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

External

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

Location

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

Additional Property Use: N/K
Miscellaneous: Outbuilding
Property Type: 2-4 UNITS

Financial

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

Zoning Info


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Contact

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Lawrence Dy

11440 W. Bernardo Ct #300
San Diego, CA 92127
Phone: 8584491253
Phone Alt: 8584491253

Data services provided by IDX Broker
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