Property Detail

Description

Stunning Multi-Unit Property with Rental Income Potential in Lemon Grove! Welcome to this incredible investment opportunity or perfect generational home, nestled on a hill in beautiful Lemon Grove with breathtaking views! This turnkey, fully renovated property boasts three distinct units, offering endless possibilities for income or multi-family living, boasting a total square footage of 2,703 sq. ft. Unit 1: A 4-bedroom, 2.5-bathroom home spanning 1,527 sq. ft. Features include a cozy fireplace, dedicated laundry room, and stylish modern finishes throughout. Unit 2: A 2-bedroom, 2-bathroom unit with 845 sq. ft. This charming space comes equipped with a brand-new refrigerator, stove, microwave, dishwasher, fireplace, and its own laundry facilities. Unit 3: A 331 sq. ft. studio with a gas range, small refrigerator, and microwave, ideal for a tenant or guest suite. The property also features two RV spaces at the rear, each with sewer, water, and electric hookups, making them prime rental spaces at $1,500 per month each. Parking will never be an issue with ample parking for tenants or guests. The backyard offers a serene escape with a sparkling inground pool, fully fenced for privacy, and a convenient pool bath with toilet and vanity. Priced to sell at $1,650,000, this property is move-in ready with renovations fully permitted and approved by the city. Whether you're looking for an income-generating investment or a home for a large family, this is an opportunity you won’t want to miss! Variance granted 2-4 Units. Potential Revenue on Rentals could be: $3k for both RVs $1500 for studio $2,200 for 2/2 $4,500 for 4/2.5