Lemon Grove, CA 91945,3166 3168AB3180 Massachusetts AVE
Lemon Grove, CA 91945,3166 3168AB3180 Massachusetts AVE
Lemon Grove, CA 91945,3166 3168AB3180 Massachusetts AVE
$1,200,000
Est. payment /mo
Est.Price: ?

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0.99 Acres Lot
SOLD DATE : 09/03/2021

Key Details

Sold Price $1,200,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PTP2104215

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

Area 91945 - Lemon Grove

Zoning RM

Interior

Heating Combination

Laundry Washer Hookup, Gas Dryer Hookup, Inside, In Garage, Laundry Room

Exterior

Garage Spaces 1.0

Garage Description 1.0

Pool None

Community Features Sidewalks

Building

Lot Description 0-1 Unit/Acre

Water Public

New Construction No

Others

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Janet Greenwell • Realty Source Inc
Bought with DEREK OIE • KW VISION

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Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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