Homes for sale - 2840-2844 Olive St, Lemon Grove, CA 91945

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Jerrod Waller

jwaller@sdrealtyco.com +1(858) 822-8634

$1,435,000

Est. payment - /mo

9 Beds

6 Baths

1,310 SqFt

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UPDATED:

12/20/2024 03:42 PM

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Square Footage 1,310 sqft

Price per Sqft $1,095

Subdivision Lemon Grove

MLS Listing ID 240028507

Bedrooms 9

Full Baths 6

HOA Y/N No

Year Built 1947

Lot Size 6,900 Sqft

Property Description

Welcome to this exceptional multi-unit property in Lemon Grove, with a total of four distinct units. Each unit features a private entrance and outdoor living area, fully enclosed by 6-foot vinyl fencing. The property offers six off-street parking spots, with two dedicated spaces per unit. The sale includes a fully permitted, brand-new unit built in 2024, offering 1,109 sq. ft. with three bedrooms and two bathrooms. Additionally, the attach, constructed in 2018, provides 540 sq. ft. with two bedrooms and one bathroom. The main house, originally built in 1947, has undergone multiple expansions, resulting in a total of 1,460 sq. ft. with all but about 800 sq. ft. being new construction. The unit has 3 bedrooms, 2 bathrooms, a side yard with turf, and a gated front yard. There is also an attached 1 bed & 1 bath with a separate private entrance and kitchenette. Each unit is equipped with HVAC or mini-split systems, natural gas tankless water heaters, natural gas dryer and washer hookups, and natural gas ranges. Two units also feature dishwashers. The roofing for all units was updated in either 2018 or 2024. Upgrades throughout the property include vinyl plank flooring, custom cabinetry, quartz countertops, custom tile in all bathrooms, ceiling fans in all rooms, and electronic door locks. The main house boasts a custom shower with a whirlpool tub, custom closets in all bedrooms, EV readiness, pull-down attic stairs, an attic fan, surround sound, and smart home features. All units have durable Hardy board exteriors.
the units are completely independent, accessed via a city-owned alley, while the main house shares one common wall with the 2 bed, 1 bathroom unit. Additional amenities include an RV sewer dump line, pull-down attic stairs for extra storage in the main house, two outdoor patio pergolas, and three storage sheds. The property also features separate electric meters for each unit, with shared water and natural gas, and exterior security cameras for added safety. Turf covers the front and side yards. A significant financial benefit is the potentially assumable FHA loan on the first mortgage, allowing about $527,000 at a 3.188% interest rate, with the loan ending in January 2050. All building plans and permits are available, ensuring compliance and transparency. Located within the Helix High School catchment area, no lottery is required for enrollment.

Location

State CA

County San Diego

Community Lemon Grove

Area Lemon Grove (91945)

Interior

Heating Electric, Natural Gas

Cooling Central Forced Air, Heat Pump(s)

Appliance Forced Air Unit

Exterior

Exterior Feature Vinyl

Fence Full

View Mountains/Hills

Roof Type Composition

Building

Lot Description Alley Access

Story 2

Lot Size Range 4000-7499 SF

Sewer Sewer Connected

Water Meter on Property

Level or Stories 2 Story

Schools

Elementary Schools Lemon Grove School Distict

Middle Schools Lemon Grove School Distict

High Schools Grossmont Union High School District

Others

Acceptable Financing Assumable, Cash, Conventional, FHA, VA

Space Rent $3,682

Listing Terms Assumable, Cash, Conventional, FHA, VA

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Listed by Bryan A Mancuso • eXp Realty of California, Inc.

“If you're looking for a dedicated and knowledgeable real estate professional who will go above and beyond to help you achieve your goals, I'm here to serve you. Contact me today to learn more about how he can assist you with all your real estate needs.”

+1(858) 822-8634

jwaller@sdrealtyco.com

170 Laurel St, Diego, CA, 92101, United States

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