Listing ID230008644
Sold For$899,000
StatusSOLD
SqFt
14,853
Acres
0.340
CountySan Diego
Year Built1961
Property Type2-4 Units
Welcome to this beautifully remodeled duplex in the charming Lemon Grove community. This property includes two spacious 2 bedroom and 1 bathroom units, each with its own parking space and expansive backyard. Over 200k spent on upgrades to this home. This stunning duplex has been completely remodeled from top to bottom, featuring brand new paint, flooring, appliances, AC/heating, and a brand new sewer line. With the city's approval, the garage has been approved by the city to build a separate unit/ ADU, offering additional space and rental income potential. The property is currently occupied by excellent tenants, making this an ideal opportunity for investors seeking a turn-key income-generating property. Don't miss this incredible opportunity to own a beautifully renovated duplex with great rental potential in a sought-after Lemon Grove community.
County
San Diego
City
Lemon Grove
Price Before Reduction
929000
Price Reduction Date
2023-05-19T17:13:19+00:00
Property Type
2-4 Units
Year Built
1961
Zoning
R-2:MINOR
Cooling
Central Forced Air
Levels
1 Story
Total Stories
1
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 Laundry Hook Ups
Yes
Unit 2 Number of Bedrooms
2
Unit 2 Number of Full Baths
1
Unit 2 Number Total Baths
1
Entry Only
no
Exterior
Stucco
Fencing
Full
Lot Size
.25 to .5 AC
Neighborhood
Lemon Grove
Number of Buildings
1
Number of Units
2
Number of Units w/Dryers
2
Number of Units w/Garage
1
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/Cooling
2
Number Units w/Dishwashers
2
Roof
Other/Remarks
Community
LEMON GROVE
Complex/Park
Crane St
Country
United States
Market Area
East County
Zip/Area
LEMON GROVE (91945)
Property Type
2-4 UNITS
Age Restrictions
N/K
Annual Expense Actual
6000
Cap Rate Actual
6.8
Financing
Conventional
Gross Rent Multiplier Act
14.6
Gross Scheduled Income Actual
63600
Sale/Rent
For Sale
Sales Restrictions
N/K
Short Sale
no
Tenant Pays
Water, Cable TV, Electricity, Gas/Propane
Terms
Cash, Conventional, FHA, VA
Unit 1 Deposit
2650
Unit 1 Rent Actual
2650
Unit 2 Deposit
2650
Unit 2 Rent Actual
2650
Contact - Listing ID 230008644
Lawrence Dy
11440 W. Bernardo Ct #300
San Diego, CA 92127
Phone: 8584491253
Phone Alt: 8584491253
Data services provided by IDX Broker
