Bought with Derek Oie • KW VISION
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Key Details
Sold Price $1,200,000
Property Type Multi-Family
Sub Type OTHER
Listing Status Sold
Purchase Type For Sale
Square Footage 43,243 sqft
Price per Sqft $27
MLS Listing ID CRPTP2104215
Sold Date 09/03/21
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1956
Lot Size 0.993 Acres
Property Description
Outstanding opportunity to develop this 2 parcel prime location with housing units. The RM zone allows approx. 6 units per parcel, but State Density Bonus could be possible to increase units per parcel, sub to CPU. Buyer to confirm all this and any other information with City of Lemon Grove. Build out one parcel, while receiving rental income from the other for flexibility. 3166=2/1+garage (Lndy hook ups)Mo rent=$1650 3168A&B =2/1=mo rent=$1245,$1450 & 3180=1/1with Lndy rm.=mo rent=$1250 Existing units are older, but habitable, and currently under-rented due to long term tenants/pandemic and provide income while obtaining needed CUP, plan approval, building permits, etc. Sellers are Real Estate licensees. Buyer to cooperate with 1031 tax exchange at no cost to buyer. All measurements and figures approx. Buyer to satisfy self as to suitability of future use.
Location
State CA
County San Diego
Interior
Fireplace No
Laundry In Garage, Laundry Room, Other, Inside
Building
Water Public
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