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1890-92 Madera Street

Lemon Grove, CA 91945
  • $722,500
  • STATUS: PENDING
  • ON SITE: 26 Days
  • ID#: 210031109
Pending
$722,500
  • 4
    BEDS
  • N/A
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,800
    SQFT
  • $401
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1972
County:

School Ratings & Info

Description

Super sweet duplex in excellent Lemon Grove location. Run the projected numbers on these as the math looks good! Each unit has its own garage with laundry, plus other off street parking options. Upper unit has large private deck, and both units have access to huge back yard. (More than enough room to add another unit, if allowed.) Long term excellent tenants pay well below market rents. Lots of upside improvement opportunity here. These are a great opportunity for the savvy investor or first-time buyer. VA financing welcome.

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
www.themarellygroup.com/homes/123218512
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1890-92 Madera Street Lemon Grove, CA 91945

  • Price: $722,500
  • Status: PENDING
  • On Site: 26 Days
  • ID#: 210031109
4
Beds
2
Baths
0
½ Baths
N/A
Acres
1,800
SQFT
$401
$/SQFT
1972
Built
Neighborhood:
Lemon Grove
County:
San Diego
Area:
Lemon Grove (91945)
Property Description
Super sweet duplex in excellent Lemon Grove location. Run the projected numbers on these as the math looks good! Each unit has its own garage with laundry, plus other off street parking options. Upper unit has large private deck, and both units have access to huge back yard. (More than enough room to add another unit, if allowed.) Long term excellent tenants pay well below market rents. Lots of upside improvement opportunity here. These are a great opportunity for the savvy investor or first-time buyer. VA financing welcome.
Exterior Features

Exterior Wood/Stucco Fencing Partial Frontage N/K Irrigation N/K Parking For RV On-Site Parking Parking Garage Desc Unit1 Assigned Parking Garage Desc Unit2 Assigned Parking Garage Spaces Unit1 1 Parking Garage Spaces Unit2 1 Parking Non Garage Desc Unit1 Uncovered Parking Non Garage Desc Unit2 Uncovered Pool N/K Pool Heat None Known Roof Composition Site Public StreetStreet Paved Spa N/K Spa Heat None Known Topography Slope Gentle Unit1 Exclusive Use Yard No Unit2 Exclusive Use Yard No Units With Garages 2 Units With Patios 2 View N/K

Interior Features

Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Heat Equipment Radiant Heat Source Electric Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 0 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 2 Units With Fireplaces 0 Units With Range Oven 2 Units With Refrigerators 2 Units With Washers 2

Property Features

Actual Cap Rate 0.0 Additional Property Use N/K Age Restrictions N/K Annual Expense Actual 0 Annual Expense Projected 9933 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0.0 Community Lemon Grove Complex Features N/K Complex Park N/A Cross Streets Massachusetts Gross Rent Multiplier Actual 0.0 Gross Rent Multiplier Project 0.0 Gross Scheduled Income Actual 29700 Gross Scheduled Income Project 52800 Home Owners Assoc Fee Includes N/K Home Owners Fees 0.0 Mandatory Remarks None Known Market Area East County Miscellaneous N/K Monthly Total Fees 0 Other Fee Type N/K Other Fees 0.0 Other Income Actual 0 Pets Yes Possession Other/Remarks Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Telecommunications Cable (Coaxial) Tenant Pays ElectricityHot Water Terms CashConventionalVa Unit Number For Unit1 1890 Unit Number For Unit2 1892 Unit1 Deposit 1100 Unit1 Occupied Tenant Unit1 Projected Rent 2200.0 Unit1 Rent Actual 1225.0 Unit2 Deposit 800 Unit2 Occupied Tenant Unit2 Projected Rent 2200.0 Unit2 Rent Actual 1250.0 Water Meter On Property

Listing provided courtesy of Cairn Realty Group, Inc.. Listing information © 2021 San Diego MLS Inc. Source: SDMLS
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
 
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