1908 Washington St
Lemon Grove, CA 91945
2703 sqft | 7 beds | 6 baths | 0.31 acres | #240023365SD
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Description
OH this Sun 12/29 from 10:30a - 1:00p!!! 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.
Property Details
- InteriorSeeRemarks, BedroomOnMainLevel, GalleyKitchen, MainLevelPrimary, UtilityRoom
- Property SubtypeSingleFamilyResidence
- SubdivisionLemon Grove
- MLS #240023365SD
- MLS #240023365SD
- Original List Price$1,575,000
- ViewMountains
- CountySan Diego
- Property TypePurchase
- Cost1399900
- Acres0.3144
- Utility SourcePublic
- Square Feet2703
- Year Built1966
- Bedrooms7
- Bathrooms6
- Full Baths5
- Half Baths2
- Stories2
Location
Legal
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Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Scott Norberg (#SAND-696266)
Listing Office: Vylla Home, Inc. (#SAND-990429)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.