$1,300,000
$1,400,000
7.1%For more information regarding the value of a property, please contact us for a free consultation.
2306-2318 Washington Street Lemon Grove, CA 91945
8 Beds
4 Baths
Key Details
Sold Price $1,300,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision Lemon Grove
MLS Listing ID 240014559
Sold Date 08/30/24
Bedrooms 8
Full Baths 4
Year Built 1972
Property Sub-Type Res Income 2-4 Units
Property Description
DO NOT WALK ON THE PROPERTY OR DISTURB TENANTS PROPERTY OVERVIEW: Prime Investment Opportunity This presents a significant opportunity for value enhancement through strategic renovations and increasing rents to market rates. With a strong demand for quality rental housing in the area, there is substantial upside potential for maximizing rental income and overall property value. Moreover, the property's layout and zoning regulations open up the potential possibility of adding an Accessory Dwelling Unit (ADU). This presents an attractive opportunity to further capitalize on the property's potential by increasing rental inventory and generating additional rental income.
Location
State CA
County San Diego
Area East County
Interior
Cooling Wall/Window
Fireplace No
Exterior
Fence Partial
View Y/N No
Roof Type Composition
Building
Story 1
Level or Stories 1
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Bought with Vincent Provenzano Pacific Coast Commercial