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Key Details
Sold Price $3,400,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 230010355
Sold Date 04/18/24
Lot Size 8,302 Sqft
Acres 0.48
Property Description
Fully Remodeled 6.8% CAP Day One!! Seller Open To an AITD at 4% Interest! 7101 & 7138 Westview Place offers an investment opportunity for any investor! Originally built in 1969, the 11-unit apartment complex is located in Lemon Grove, a suburb city in San Diego County. The Westview Apartment complex consists of eight 3 Bed/2 Bath units, one 2 Bed/ 2 Bath units, and two 1 Bed/ 1 Bath units. The units are between 500- 1,300 SF and sits on two 8,000 SF lots on the same street. The properties can be bought together or separately. There is parking available for tenants on site and the property has been well maintained. There is a large common yard area that has potential to upgrade to bring additional value to tenant living.
Location
State CA
County San Diego
Area Lemon Grove (91945)
Zoning R-3
Interior
Cooling None
Exterior
Parking Features Spaces
Building
Story 2
Lot Size Range .75 through 1.5 Acres
Others
Space Rent $340,440
Financing Cash to New Loan
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Bought with Kyle Connor • JLM Real Estate Inc.