1908 Washington St , Lemon Grove, CA 91945

  • $1,299,900
LEMON GROVE
Active
1908 Washington St , Lemon Grove, CA 91945
LEMON GROVE
  • $1,299,900

Overview

Property ID: HZ240023611
  • Res Income 2-4 Units, Residential Income
  • Property Type
  • 7
  • Bedrooms
  • 6
  • Bathrooms
  • 2703
  • Sqft
  • 1966
  • Year Built

Description

Amazing Triplex with Expansion Potential in Lemon Grove! (INVESTORS!!! – This is a 6% 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! Variance granted 2-4 Units.

  • Address 1908 Washington St
  • City Lemon Grove
  • State/county CA
  • Zip/Postal Code 91945
  • Area LEMON GROVE

Details

Updated on February 13, 2025 at 12:51 am
  • Property ID: HZ240023611
  • Price: $1,299,900
  • Property Size: 2703 Sqft
  • Bedrooms: 7
  • Bathrooms: 6
  • Garage Size: x x
  • Year Built: 1966
  • Property Type: Res Income 2-4 Units, Residential Income
  • Property Status: Active

Additional details

  • Listing Terms: Cash,Conventional,FHA,VA
  • Roof: Composition
  • Utilities: Sewer Connected
  • Cooling: Central Forced Air
  • County: San Diego
  • Property Type: Residential Income
  • Pool: Below Ground
  • Agent Name: Scott Norberg
  • MLS Agent ID: 696266

Mortgage Calculator

$4,588.85
Monthly
  • Down Payment $194,985.00
  • Loan Amount $1,104,915.00
  • Monthly Mortgage Payment $3,209.78
  • Property Tax $324.98
  • Home Insurance $83.33
  • PMI $920.76
  • Monthly HOA Fees $50.00
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