For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $900,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 920 sqft
Price per Sqft $978
Subdivision Lemon Grove
MLS Listing ID 230017948
Sold Date 03/12/24
Bedrooms 4
Full Baths 4
HOA Y/N No
Year Built 1958
Lot Size 7,136 Sqft
Property Description
Great opportunity for you to assume an FHA loan at 2.466%. Positive cash flowing 3 units with long term tenants. (1 unit unpermitted) 48K spent in recent upgrades to the property. There is a large utility area that could function as a workshop or could be converted into a 4th unit. Walking distance to the trolley station and the bus stop. Close to the freeway, shopping, and schools. The two 2 bedroom units have full size washer and dryer hookups. The studio has a full bathroom. The driveway is very long- you could park an RV or a boat. $5200 in current income with a lot of room to grow.
Location
State CA
County San Diego
Community Lemon Grove
Area Lemon Grove (91945)
Zoning R-2:MINOR
Interior
Heating Natural Gas
Appliance Wall/Gravity
Exterior
Exterior Feature Stucco
Parking Features Unit1:N/K Unit2:N/K Unit3:N/K Unit4:N/K
Fence Full, Gate
Roof Type Composition
Building
Lot Description Public Street
Story 1
Lot Size Range 4000-7499 SF
Sewer Sewer Connected
Water Meter on Property
Level or Stories 1 Story
Others
Acceptable Financing Assumable, Cash, Conventional, FHA, VA
Space Rent $2,100
Listing Terms Assumable, Cash, Conventional, FHA, VA
Financing Assumable
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Jason Oakes • Big Block Realty, Inc.
GET MORE INFORMATION