2306-2318 Washington St, Lemon Grove, CA 91945
- $1,300,000
- 8
- BD
- 4
- BA
- Sold Price
- $1,300,000
- List Price
- $1,400,000
- Closing Date
- Aug 30, 2024
- Days on Market
- 66
- Status
- CLOSED
- MLS#
- 240014559
- Bedrooms
- 8
- Bathrooms
- 4
- Lot Size(apprx.)
- 21,146
- City
- Lemon Grove
- Neighborhood
- Lemon Grove
- Complex/Building Name
- No
- Property Type
- Multifamily
- Year Built
- 1972
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.
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Additional Information
- Building Name
- No
- Cooling
- Window/Wall
- Heating
- None
- Lot Size
- 21,146
- Neighborhood
- Lemon Grove
- Roof
- Composition
- Year Built
- 1972
Mortgage Calculator
Listing courtesy of Listing Agent: Vincent Provenzano (619-838-0000) from Listing Office: Pacific Coast Commercial.
Selling Office: Pacific Coast Commercial.
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