Open House
Saturday, November 23rd 2024 : 12pm to 3pm [+] More Dates
$1,499,900 Est. $5,523 / mo.*

1908 Washington St Lemon Grove , CA 91945

Description

7 Beds
5 full, 2 half Baths
2,703 Sqft
13,695 Sqft lot
0.31 Acre lot
Status: Active
Property Type: Single Family Residence
Year Built: 1966
Neighborhood: Lemon Grove
Days on Website: 49
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.

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Contact an Agent

Christopher Lechner

(562) 972-0388