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Key Details
Sold Price $1,255,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision Lemon Grove
MLS Listing ID 240023611
Bedrooms 7
Full Baths 5
Half Baths 1
Year Built 1966
Property Sub-Type Res Income 2-4 Units
Property Description
Amazing Triplex with Expansion Potential in Lemon Grove! (INVESTORS!!! - This is a 6% 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.
Location
State CA
County San Diego
Area East County
Interior
Cooling Central Forced Air
Exterior
Fence Gate, Partial
Pool Below Ground
Utilities Available Sewer Connected
View Y/N Yes
View Mountains/Hills
Roof Type Composition
Building
Story 2
Water Meter on Property
Others
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
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Bought with Laura Gonzalez Real Broker
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