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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
Sold Date 03/17/25
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
Direction Use GPS
Interior
Cooling Central Forced Air
Fireplace No
Exterior
Fence Gate, Partial
Pool Below Ground
Utilities Available Sewer Connected
View Y/N Yes
Water Access Desc Meter on Property
View Mountains/Hills
Roof Type Composition
Building
Story 2
Water Meter on Property
Level or Stories 2
Others
Acceptable Financing Cash, Conventional, FHA, VA
Listing Terms Cash, Conventional, FHA, VA
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Bought with Laura Gonzalez Real Broker




