$1,200,000
$1,200,000
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3166 3168AB3180 Massachusetts AVE Lemon Grove, CA 91945
43,243 SqFt
Key Details
Sold Price $1,200,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 43,243 sqft
Price per Sqft $27
MLS Listing ID PTP2104215
Sold Date 09/03/21
HOA Y/N No
Year Built 1956
Lot Size 0.993 Acres
Acres 0.9927
Lot Dimensions Public Records
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
Rooms
Ensuite Laundry Washer Hookup, Gas Dryer Hookup, Inside, In Garage, Laundry Room
Interior
Laundry Location Washer Hookup,Gas Dryer Hookup,Inside,In Garage,Laundry Room
Heating Combination
Fireplace No
Appliance Electric Range, Gas Range, Refrigerator
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
Total Parking Spaces 9
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Water Public
New Construction No
Others
Senior Community No
Tax ID 4791401600
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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Bought with DEREK OIE • KW VISION