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Jerrod Waller

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

$1,200,000

Est. payment - /mo

6 Beds

3 Baths

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Pending

Purchase Type For Sale

Subdivision Lemon Grove

MLS Listing ID 250039580

Bedrooms 6

Full Baths 3

Year Built 1950

Property Sub-Type Res Income 2-4 Units

Property Description

Discover a rare three-unit income property in the heart of Lemon Grove—completely free of HOA restrictions. All units are spacious 2-bedroom, 1-bathroom layouts, including a converted garage that creates valuable extra living space. The main home sits at the front and currently rents for $2,500/month, while the two detached ADUs—each with its own address—bring in $2,100 and $2,200/month. With long-term tenants already in place on annual leases, investors benefit from immediate, stable cash flow from day one. The main residence is a charming single-story home filled with natural light, original built-ins, and mature landscaping that offers both character and privacy. A fully fenced yard and functional layout enhance tenant livability and retention, while the property still provides upside through future cosmetic updates or repositioning. Centrally located near freeways, shopping, and dining, this asset is ideal for an investor seeking reliable returns in a strong rental market—or for an owner-occupant who wants to live in one unit while offsetting their mortgage with steady rental income from the others.

Location

State CA

County San Diego

Area East County

Interior

Cooling Other/Remarks

Fireplace No

Exterior

Fence Other/Remarks

View Y/N No

Roof Type Other/Remarks

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 479-350-14-00

Acceptable Financing Other/Remarks

Listing Terms Other/Remarks

Special Listing Condition Other/Remarks

Virtual Tour https://www.propertypanorama.com/instaview/snd/250039580

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Listed by Jason J Lee, DRE#02068011 Nara Advisors, Inc.

NEARBY SCHOOL & BUSINESS

“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

3555 5th Avenue 3rd Floor, San Diego, CA 92103

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2673 Massachusetts Ave Lemon Grove, CA 91945