Active

1908 Washington St

Lemon Grove CA, 91945

$1,399,900


$517.91 per sqft

Active

7 Beds

6 Baths

2,703 sqft

Multi-family

Built in 1966

OHs Sat (12/21) from 12p - 3p & Sun (12/22) 10:30a - 1p!! 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.

240023611

MLS ID

October 4, 2024

Listed

December 20, 2024

Updated

Map

1908 Washington St
Lemon Grove CA, 91945

Interior Features

Total Stories

2


Bedrooms

7


Total Bathrooms

6


Full Bathrooms

5


Half Bathrooms

1


Appliances

Dishwasher, Range/Oven, Refrigerator


Laundry Description

Unit 1 Hookups, Unit 2 Hookups, Unit 3 Hookups, Unit 4 Hookups


Fireplace

Yes


Cooling

Yes


Cooling Description

Central Air


Heating

No

Exterior/Building Features

Lot Size

0.31 Acres


Roof

Composition

Other Property Details

Area Name

East County


Days on Market

77


Garage

No


View

Yes


View Description

Mountains/Hills


County

San Diego


Water Source

Meter on Property


Pool

Yes


Pool Features

In Ground

Listing History

Date

Event

Price

12/20/2024

Price change

$1,399,900

-7%

11/14/2024

Price change

$1,499,900

-5%

Listed by Vylla Home, Inc., Scott Norberg,
Listing Contact: 858-699-1984 

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