Listing ID230010821
Sold For$1,000,000
StatusSOLD
SqFt
8,551
Acres
0.200
CountySan Diego
Year Built1955
Property Type2-4 Units
Welcome to this meticulously taken care of duplex in the in the heart of Lemon Grove. The property has recently been upgraded with some newer stucco, paint and flooring. The perfect opportunity for an owner user who wishes to live in one and rent the other OR an investor looking for a property that is very close to market rents! Don't miss this rare opportunity to pick up a beautiful duplex that doesn't need much maintenance and is almost at market rents!
County
San Diego
City
Lemon Grove
Property Type
2-4 Units
Year Built
1955
Cooling
N/K
Heat Equipment
Wall/Gravity
Heat Source
Natural Gas
Levels
1 Story
Total Stories
1
Unit 1 Estimated SqFt
1100
Unit 1 Laundry Hook Ups
No
Unit 1 Number of Bedrooms
3
Unit 1 Number of Full Baths
2
Unit 1 Number Total Baths
2
Unit 2 Estimated SqFt
817
Unit 2 Laundry Hook Ups
No
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
Partial
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/Patios
2
Number of Units w/Range/Oven
2
Number of Units w/Refrigerator
2
Parking Non-Garage Unit 1
Uncovered
Parking Non-Garage Unit 2
Uncovered
Pool
N/K
Roof
Composition
Sewer/Septic
Sewer Connected
Site
Public Street, Street Paved
Water
Meter on Property
Water District
HELIX WATER DISTRICT
Community
LEMON GROVE
Complex/Park
N/A
Country
United States
Elementary School
Lemon Grove School Distict
High School
San Diego Unified School District
Market Area
East County
Middle School
Lemon Grove School Distict
Zip/Area
LEMON GROVE (91945)
Additional Property Use
N/K
Miscellaneous
Value in Land, N/K
Pets
Yes
Property Type
2-4 UNITS
Age Restrictions
N/K
Annual Expense Actual
23522
Annual Expense Projected
23971
Cap Rate Actual
3.95
Cap Rate Projected
6.86
Financing
FHA
Gross Rent Multiplier Act
14.77
Gross Rent Multiplier Projected
9.74
Gross Scheduled Income Actual
60924
Gross Scheduled Income Projected
92400
Net Operating Income Projected
61717
Other Fee Type
N/K
Sale/Rent
For Sale
Sales Restrictions
N/K
Short Sale
no
Tenant Pays
Electricity
Terms
Cash, Conventional, FHA, VA
Unit 1 Projected Rent
3300
Unit 1 Rent Actual
2727
Unit 2 Projected Rent
2400
Unit 2 Rent Actual
2350
Vacation Rental By Owner
no
Contact - Listing ID 230010821
Lawrence Dy
11440 W. Bernardo Ct #300
San Diego, CA 92127
Phone: 8584491253
Phone Alt: 8584491253
Data services provided by IDX Broker
