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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Data last updated 8:48 PM UTC, 12/20/2024