Lemon Grove, CA 91945,7816 7818 Mt Vernon St
Lemon Grove, CA 91945,7816 7818 Mt Vernon St
Lemon Grove, CA 91945,7816 7818 Mt Vernon St
$1,005,000
Est. payment /mo
Est.Price: ?

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0.34 Acres Lot
SOLD DATE : 11/04/2021

Key Details

Sold Price $1,005,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Lemon Grove

MLS Listing ID 210027358

Year Built 1980

Lot Size 0.340 Acres

Property Description

There are TWO SEPARATE homes on one lot. Corner lot location. Main home is a 4 bed / 2 bath, 1800 square foot detached home, with garage. 2nd home is a brand new 900 square foot, 2 bed / 2 bath detached home. Both homes are currently rented, month to month. Combined, for both properties, estimated CAP rate is 5%. Between both homes, there is 6 bedrooms, 4 baths, and combined total square footage is 2700 sq. ft. One parcel, with two separate homes on a lot! First home is a 4 bed / 2 bath, 1800 square foot home, with garage, current tenant pays 3300 per month. Second home is a brand new 2 bed / 2 bath, 900 square foot home, tenant pays 2300 per month. Great investment opportunity, live in one and rent out the other one. Great corner location, ample parking. GRM and CAP rates are estimates. Buyer and buyers agents to complete their own due diligence. Sewer: Sewer Connected Unit # for Unit 1: 7816 Unit # for Unit 2: 7818 Number of Furnished Units: 0 Topography: LL

Location

State CA

County San Diego

Area 91945 - Lemon Grove

Building/Complex Name NA

Zoning R-1:SINGLE

Interior

Heating Forced Air, Natural Gas

Cooling Central Air

Exterior

Fence Partial

Pool None

View Y/N No

View None

Roof Type Composition

Building

Story 1

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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California Regional MLS (CRMLS)
Listed by Terri Leivas • Terri Leivas, Broker
Bought with Terry Moore • Apartment Consultants, Inc.

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Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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