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The Warburton Team Brokered By EXp

andreww@gowpnow.com +1(626) 630-2141

$1,300,000

Est. payment - /mo

3 Beds

1 Bath

2,320 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 2,320 sqft

Price per Sqft $560

Subdivision Lemon Grove

MLS Listing ID 260019521SD

Bedrooms 3

Full Baths 1

HOA Y/N No

Year Built 1948

Lot Size 8,102 Sqft

Property Sub-Type Single Family Residence

Property Description

Investment Opportunity in the Heart of Lemon Grove! Rare opportunity to own a versatile, income-producing property offering four separate living units and approximately $8,400 per month in rental income (over $100,000 annually). The property features a spacious 3-bedroom, 1-bath main residence, along with three additional ADUs, including: • Attached 2-bedroom, 1-bath ADU • Attached studio ADU with private bath • Detached studio ADU with private bath. Whether you're an investor seeking immediate cash flow, completing a 1031 Exchange, or an owner-occupant looking to offset your mortgage with rental income, this property offers exceptional flexibility and earning potential. Situated on a generously sized lot in the desirable community of Lemon Grove, the property provides convenient access to Highways 94, 125, Interstate 8, and Interstate 805, making commuting throughout San Diego County simple. Downtown San Diego, Naval Base San Diego, SDSU, shopping centers, restaurants, parks, and public transportation are all just minutes away. Known as the “Best Climate on Earth,” Lemon Grove offers residents a welcoming small-town atmosphere while remaining close to everything San Diego has to offer. The city continues to experience strong rental demand due to its affordability compared to many surrounding communities, making it an attractive location for both investors and tenants. Properties offering this level of income potential, flexibility, and location rarely become available. Investment Opportunity in the Heart of Lemon Grove! Rare opportunity to own a versatile, income-producing property offering four separate living units and approximately $8,400 per month in rental income (over $100,000 annually). The property features a spacious 3-bedroom, 1-bath main residence, along with three additional ADUs, including: • Attached 2-bedroom, 1-bath ADU • Attached studio ADU with private bath • Detached studio ADU Whether you're an investor seeking immediate cash flow, completing a 1031 Exchange, or an owner-occupant looking to offset your mortgage with rental income, this property offers exceptional flexibility and earning potential. Situated on a generously sized lot in the desirable community of Lemon Grove, the property provides convenient access to Highways 94, 125, Interstate 8, and Interstate 805, making commuting throughout San Diego County simple. Downtown San Diego, Naval Base San Diego, SDSU, shopping centers, restaurants, parks, and public transportation are all just minutes away. Known as the “Best Climate on Earth,” Lemon Grove offers residents a welcoming small-town atmosphere while remaining close to everything San Diego has to offer. The city continues to experience strong rental demand due to its affordability compared to many surrounding communities, making it an attractive location for both investors and tenants. Properties offering this level of income potential, flexibility, and location rarely become available.

Location

State CA

County San Diego

Area 91945 - Lemon Grove

Zoning R-1:SINGLE

Interior

Interior Features All Bedrooms Down, Bedroom on Main Level

Heating Forced Air, Fireplace(s), See Remarks

Cooling Central Air, Wall/Window Unit(s)

Fireplace No

Laundry In Kitchen, Laundry Room, See Remarks

Exterior

Parking Features Driveway, On Street

Garage Spaces 2.0

Garage Description 2.0

Fence Wood

Pool None

View Y/N No

Roof Type Shingle

Total Parking Spaces 6

Private Pool No

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Others

Tax ID 4802020400

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Modesta Gilpin HomeSmart Realty West #01394822

NEARBY SCHOOL & BUSINESS

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3253 Acacia St Lemon Grove, CA 91945