$1,300,000
$1,400,000
7.1%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
0.49 Acres Lot
SOLD DATE : 08/30/2024
Key Details
Sold Price $1,300,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision Lemon Grove
MLS Listing ID 240014559
Sold Date 08/30/24
Bedrooms 8
Full Baths 4
HOA Y/N No
Year Built 1972
Lot Size 0.485 Acres
Property Description
DO NOT WALK ON THE PROPERTY OR DISTURB TENANTS PROPERTY OVERVIEW: Prime Investment Opportunity This presents a significant opportunity for value enhancement through strategic renovations and increasing rents to market rates. With a strong demand for quality rental housing in the area, there is substantial upside potential for maximizing rental income and overall property value. Moreover, the property's layout and zoning regulations open up the potential possibility of adding an Accessory Dwelling Unit (ADU). This presents an attractive opportunity to further capitalize on the property's potential by increasing rental inventory and generating additional rental income.
Location
State CA
County San Diego
Community Lemon Grove
Area Lemon Grove (91945)
Building/Complex Name No
Interior
Cooling Wall/Window
Exterior
Exterior Feature Wood
Parking Features Unit1:Attached Unit2:Attached Unit3:Attached Unit4:Attached
Fence Partial
Roof Type Composition
Building
Story 1
Lot Size Range .25 to .5 AC
Level or Stories 1 Story
Others
Acceptable Financing Cash, Conventional
Space Rent $1,549
Listing Terms Cash, Conventional
Financing Conventional
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Bought with Vincent Provenzano • Pacific Coast Commercial
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "