$1,399,900
For Sale

1908 Washington St

Lemon Grove, CA 91945
2703 sqft | 7 beds | 6 baths | 0.31 acres | #240023365SD
Listing OfficeVylla Home, Inc.
Browse 324 photos
Type:Purchase
Structure:House
Zone:Residential

Description

OHs Sat (12/21) from 12p - 3p & Sun (12/22) 10:30a - 1p!! Amazing Triplex with Expansion Potential in Lemon Grove! (INVESTORS!!! - This is a 6.84% 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! Please also note the following items: 1) All offers must be submitted by the buyer's agent via PropOffers (Contact Listing Agent for instructions/questions) 2) The buyer's agent will be responsible for a $150 fee at the time of closing, for the use of PropOffers. 3) Buyer to do their own due diligence. All recent work was permitted.

  • Property Details
      • InteriorSeeRemarks, BedroomOnMainLevel, GalleyKitchen, MainLevelPrimary, UtilityRoom
      • Property SubtypeSingleFamilyResidence
      • SubdivisionLemon Grove
      • MLS #240023365SD
      • MLS #240023365SD
      • Original List Price$1,575,000
      • ViewMountains
      • CountySan Diego
      • Property TypePurchase
      • Cost1399900
      • Acres0.3144
      • Utility SourcePublic
      • Square Feet2703
      • Year Built1966
      • Bedrooms7
      • Bathrooms6
      • Full Baths5
      • Half Baths2
      • Stories2

Location

Alex HooksReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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