1908 Washington St

Lemon Grove, CA 91945

PRICE REDUCED

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-$75,100 (-4.77%)

$1,499,900

List Price

7

bed Beds

7

shower Baths

2,703 sqft

straighten / sqft

1966

calendar_month Built

Open Houses

Next available: Sunday, November 24th, 2024 10:30 am - 1:30 pm

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Property Description

OHs this Sat 11/23 from 12p - 3p & Sun 11/24 from 10:30a - 1:30p!!! 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! Please also note the following items: 1) All offers must be submitted by the buyer's agent via PropOffers (Contact Listing Agent for instructions/questions) 2) The buyer's agent will be responsible for a $150 fee at the time of closing, for the use of PropOffers. 3) Buyer to do their own due diligence. All recent work was permitted.

Listing Information

List Price $1,499,900
Status Active
MLS 240023365SD
Type Residential
Subtype Single Family Residence
Year Built 1966
Lot Size 13,696
Structure Size 2,703
DOM 50
Courtesy Of Vylla Home, Inc.
Listing Agent Scott Norberg DRE#02134266
Co-Listing Agent Carl Thompson DRE#02110839

Interior Features

Laundry Information
Location(s) Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Inside, Laundry Room
Bedroom Information
Features Bedroom on Main Level
Total Bedroom
Bedrooms 7
Total Bathroom
Bathrooms 7
Fireplace Information
Features Living Room
Additional Information
Additional Features See Remarks, Bedroom on Main Level, Galley Kitchen, Main Level Primary, Utility Room
Cooling Type
Cooling Type Central Air

Exterior Information

Other Structures
Structures Guest House Attached
Features Concrete, Open, Patio
View Yes

Maps

Listing information courtesy of: Scott Norberg, Carl Thompson, Vylla Home, Inc. 858-699-1984. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 21st, 2024 at 5:18 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.