Lemon Grove, CA 91945,1952 Madera Street
Lemon Grove, CA 91945,1952 Madera Street,Video Tour
Lemon Grove, CA 91945,1952 Madera Street
$930,000
Est. payment /mo
Est.Price: ?

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6,899 Sqft Lot
SOLD DATE : 02/24/2022

Key Details

Sold Price $930,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Subdivision Lemon Grove

MLS Listing ID 210034066SD

Year Built 1950

Lot Size 6,899 Sqft

Property Description

Remodeled with Incredible beauty and professionally designed. This large property boasts the ability to utilize California's newest Senate Bill No. 9 and 10, by doubling the property's potential with a lot split in order to build another duplex. No detail was overlooked on this gorgeous property revival, from glass mirrored tile, designer fixtures, brand new kitchen cabinets, elegant hardware, new flooring, paint, and new roof and stucco on second unit. Property is beautifully landscaped with artificial turf in front yard, ground covering in the backyard, brick walkways to patio landings in yard, and an entertainment area to gather around a campfire. The backyard even boasts a wonderland playhouse for the children, painted with ombre rainbow walls and cloud ceilings. Front house is 3 bed/2ba, back attached unit is 1 bed/1ba, and back Casita/Mother-in-law suite is a single bedroom with closet. Front house potential rent is $3,500, back granny flat rent potential is $2,000, and Casita room rental potential is $800. This property is an incredible investment opportunity for anyone wanting to double their unit mix and rental potential. Property is close to shopping centers, freeway access, and a short drive to downtown and the beaches. Remodeled with Incredible beauty and professionally designed. This large property boasts the ability to utilize California's newest Senate Bill No. 9 and 10, by doubling the property's potential with a lot split in order to build another duplex. No detail was overlooked on this gorgeous property revival, from glass mirrored tile, designer fixtures, brand new kitchen cabinets, elegant hardware, new flooring, paint, and new roof and stucco on second unit. Property is beautifully landscaped with artificial turf in front yard, ground covering in the backyard, brick walkways to patio landings in yard, and an entertainment area to gather around a campfire. The backyard even boasts a wonderland playhouse for the children, painted with ombre rainbow walls and cloud ceilings. Front house is 3 bed/2ba, back attached granny flat unit is 1 bed/1ba, and back Casita/Mother-in-law suite is a single bedroom with closet. Front house potential rent is $3,500, back unit rent potential is $2,000, and Casita room rental potential is $800. This property is an incredible investment opportunity for anyone wanting to double their unit mix and rental potential. Property is close to shopping centers, freeway access, and a short drive to downtown and the beaches. Square footage is of approximate measurements of all 3 structures on the lot. Sewer: Sewer Connected Unit # for Unit 1: FrontHouse Unit # for Unit 2: GrannyFlat Unit # for Unit 3: Casita Number of Furnished Units: 0 Topography: LL

Location

State CA

County San Diego

Area 91945 - Lemon Grove

Zoning Low Medium

Interior

Heating Natural Gas

Cooling None

Exterior

Pool None

Roof Type Composition

Building

Story 1

Others

Acceptable Financing Cash, Conventional, Cal Vet Loan, FHA, VA Loan

Listing Terms Cash, Conventional, Cal Vet Loan, FHA, VA Loan

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California Regional MLS (CRMLS)
Listed by Pamela Macias • Valle De Oro Financial Service
Bought with Jacques Rojo • Keller Willams Realty

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Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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