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7816 7818 Mt Vernon St Lemon Grove, CA 91945
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Key Details
Sold Price $1,005,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Lemon Grove
MLS Listing ID 210027358
Year Built 1980
Lot Size 0.340 Acres
Property Description
There are TWO SEPARATE homes on one lot. Corner lot location. Main home is a 4 bed / 2 bath, 1800 square foot detached home, with garage. 2nd home is a brand new 900 square foot, 2 bed / 2 bath detached home. Both homes are currently rented, month to month. Combined, for both properties, estimated CAP rate is 5%. Between both homes, there is 6 bedrooms, 4 baths, and combined total square footage is 2700 sq. ft. One parcel, with two separate homes on a lot! First home is a 4 bed / 2 bath, 1800 square foot home, with garage, current tenant pays 3300 per month. Second home is a brand new 2 bed / 2 bath, 900 square foot home, tenant pays 2300 per month. Great investment opportunity, live in one and rent out the other one. Great corner location, ample parking. GRM and CAP rates are estimates. Buyer and buyers agents to complete their own due diligence. Sewer: Sewer Connected Unit # for Unit 1: 7816 Unit # for Unit 2: 7818 Number of Furnished Units: 0 Topography: LL
Location
State CA
County San Diego
Area 91945 - Lemon Grove
Building/Complex Name NA
Zoning R-1:SINGLE
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Exterior
Fence Partial
Pool None
View Y/N No
View None
Roof Type Composition
Building
Story 1
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Terry Moore • Apartment Consultants, Inc.
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