1908 Washington St

Lemon Grove, CA 91945

PRICE REDUCED

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-$149,900 (-8.33%)

$1,650,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1966

calendar_month Built

Open Houses

Next available: Saturday, September 21st, 2024 10:00 am - 12:00 pm

Save to Open House Schedule

calendar_month Sunday, September 22nd, 2024

10:00 am - 12:00 pm • Save to Open House Schedule

Property Description

Stunning Multi-Unit Property with Rental Income Potential in Lemon Grove! Welcome to this incredible investment opportunity or perfect generational home, nestled on a hill in beautiful Lemon Grove with breathtaking views! This turnkey, fully renovated property boasts three distinct units, offering endless possibilities for income or multi-family living, boasting a total square footage of 2,703 sq. ft. Unit 1: A 4-bedroom, 2.5-bathroom home spanning 1,527 sq. ft. Features include a cozy fireplace, dedicated laundry room, and stylish modern finishes throughout. Unit 2: A 2-bedroom, 2-bathroom unit with 845 sq. ft. This charming space comes equipped with a brand-new refrigerator, stove, microwave, dishwasher, fireplace, and its own laundry facilities. Unit 3: A 331 sq. ft. studio with a gas range, small refrigerator, and microwave, ideal for a tenant or guest suite. The property also features two RV spaces at the rear, each with sewer, water, and electric hookups, making them prime rental spaces at $1,500 per month each. Parking will never be an issue with ample parking for tenants or guests. The backyard offers a serene escape with a sparkling inground pool, fully fenced for privacy, and a convenient pool bath with toilet and vanity. Priced to sell at $1,650,000, this property is move-in ready with renovations fully permitted and approved by the city. Whether you're looking for an income-generating investment or a home for a large family, this is an opportunity you won’t want to miss! Variance granted 2-4 Units. Potential Revenue on Rentals could be: $3k for both RVs $1500 for studio $2,200 for 2/2 $4,500 for 4/2.5

Listing Information

List Price $1,650,000
Status Active
MLS 240016778SD
HOA $0
Type Residential Income
Year Built 1966
Lot Size N/A
Structure Size N/A
DOM 53
Courtesy Of Vylla Home, Inc.
Listing Agent Scott Norberg DRE#02134266
Co-Listing Agent Carl Thompson DRE#02110839

Interior Features

Total Bedroom
Bedrooms N/A
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

Listing information courtesy of: Scott Norberg, Carl Thompson, Vylla Home, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 10th, 2024 at 5:38 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.