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Sheila Godkin

sheila@sheilagodkin.com +1(858) 888-5559

$ 1,499,900

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Price Dropped by $75K

1908 Washington St Lemon Grove, CA 91945

7 Beds

6 Baths

1,527 SqFt

OPEN HOUSE

Sun Nov 24, 10:30am - 1:30pm

UPDATED:

11/21/2024 05:23 PM

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 1,527 sqft

Price per Sqft $982

Subdivision Lemon Grove

MLS Listing ID 240023611

Bedrooms 7

Full Baths 5

Half Baths 1

HOA Y/N No

Year Built 1966

Lot Size 0.314 Acres

Property Description

OHs this Sat 11/23 from 12p - 3p & Sun 11/24 from 10:30a - 1:30p!!! Amazing Triplex with Expansion Potential in Lemon Grove! (INVESTORS!!! - This is a 6.84% Cap Rate!!!) This beautifully renovated triplex is a rare find, offering both immediate rental income and future development possibilities. Each of the three fully self-contained units is turnkey and ready for occupancy, making this property perfect for investors or multi-generational living. Unit 1 is a spacious 1,527 sq. ft. home featuring 4 bedrooms, 2.5 bathrooms, a cozy fireplace, and a laundry room. Unit 2 is an 845 sq. ft. unit with 2 bedrooms, 2 bathrooms, a fireplace, laundry, and brand-new kitchen appliances. Unit 3 is a 331 sq. ft. studio with a gas range, refrigerator, and microwave, perfect for rental or guest use. One of the key highlights of this property is its pre-plumbed, pre-wired, and sewered additional RV spaces?offering a unique opportunity to expand or add value. With the infrastructure already in place, you can easily enhance the property?s income potential. Enjoy a fenced-in inground pool for privacy and relaxation, with a convenient pool bath included. Located on a hill with great views, this property is a prime investment. Whether you're looking for a rental income machine or a flexible living arrangement, this triplex has it all! Variance granted 2-4 Units.
Please also note the following items: 1) All offers must be submitted by the buyer's agent via PropOffers (Contact Listing Agent for instructions/questions) 2) The buyer's agent will be responsible for a $150 fee at the time of closing, for the use of PropOffers. 3) Buyer to do their own due diligence. All recent work was permitted.

Location

State CA

County San Diego

Community Lemon Grove

Area Lemon Grove (91945)

Building/Complex Name Lemon Grove

Interior

Cooling Central Forced Air

Fireplaces Number 2

Exterior

Exterior Feature Stucco

Fence Gate, Partial

Pool Below Ground

View Mountains/Hills

Roof Type Composition

Building

Story 2

Lot Size Range .25 to .5 AC

Sewer Sewer Connected

Water Meter on Property

Level or Stories 2 Story

Others

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

Pets Description Yes

Listed by Scott Norberg • Vylla Home, Inc.

Sheila Godkin

Agent | CA DRE#01948190

+1(858) 888-5559

Sheila Godkin

1908 Washington St Lemon Grove, CA 91945

OPEN HOUSE

Key Details

Location

Interior

Exterior

Building

Others

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1908 Washington St