$1,070,000
$1,150,000
7.0%For more information regarding the value of a property, please contact us for a free consultation.
0.26 Acres Lot
SOLD DATE : 01/31/2022
Key Details
Sold Price $1,070,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Lemon Grove
MLS Listing ID 210030334
Sold Date 01/31/22
HOA Y/N No
Year Built 1976
Lot Size 0.262 Acres
Property Description
Fully Remodeled Duplex located on a quiet, private drive off of Massachusetts Ave! This location offers a peaceful location set three properties off of Massachusetts Ave, within 1/2 mile to the 94 Freeway and 226 feet to a bus stop. 12 minute drive to Downtown San Diego. The City of Lemon Grove Planning Department has confirmed the ability to ADD TWO Additional Dwelling Units up to 1,200 sqft each AS WELL AS convert the existing garages for another ADU for a total of 5 units at this location! Almost fully-stabilized asset ready for the next investor to build out the potential of this lot. The property feels like two single family homes from the interior, only sharing one small kitchen wall. Both units feature new kitchens with quartz countertops, "coffee bar" offering additional storage for tenants, subway tile backsplash and brand-new appliances including a dishwasher in each unit. 2824 has two new bathrooms including subway tile tub and shower, the living room features recessed lighting and all three bedrooms have ceiling fans. 2826 has one new bathroom and one upgraded bathroom. Both units feature 3BR/2BA, an attached garage, washer/dryer hookups and a HUGE back yard. New Roof was installed in January 2020. Total lot size is 11,427sqft. One unit is currently under market rent offering the next investor the ability to continuously raise rent throughout the years. Exterior: Wood/Stucco Sewer: Sewer Connected Number of Furnished Units: 0
Location
State CA
County San Diego
Area 91945 - Lemon Grove
Interior
Heating Forced Air, Natural Gas
Cooling None
Fireplace No
Exterior
Fence Partial
Roof Type Composition
Building
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 4792602300
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Conventional
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Bought with Sean Doherty • SD Realty