2609-11 Nina Road, Lemon Grove, CA 91945
2609-11 Nina Road, Lemon Grove, CA 91945
2609-11 Nina Road, Lemon Grove, CA 91945
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Jerrod Waller

Jerrod Waller

+1(858) 822-8634
$999,000
Est. payment /mo
5 Beds
3 Baths
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Lemon Grove

MLS Listing ID 260019237

Bedrooms 5

Full Baths 2

Half Baths 1

Year Built 1958

Property Sub-Type Res Income 2-4 Units

Property Description

Two detached homes on one lot in a quiet Lemon Grove cul-de-sac. Front home is 3 bed, 1.5 bath, approx 1,100 SF. Back home is 2 bed, 1 bath, approx 774 SF. Each has its own gas and electric meter and its own single-car garage, so you get two independent tenancies with minimal overlap. At current rents the property pencils at a 5.8% cap rate, based on what the units bring in today rather than projected increases. Strong fit for an investor wanting long-term value with cash flow in place from day one, or for a buyer looking to occupy one home and let the second unit cover a portion of the mortgage. Detached units command more than a standard duplex and tend to hold tenants longer with cleaner turnovers. Detached 2-on-1 lots don't come up often in Lemon Grove.

Location

State CA

County San Diego

Area East County

Interior

Cooling Wall/Window

Fireplace No

Exterior

Fence Full

View Y/N No

Roof Type Composition

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 479-340-37-00

Acceptable Financing Cash, Conventional, FHA, VA

Listing Terms Cash, Conventional, FHA, VA

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MLS Router / San Diego MLS
Listed by Twana Rasoul, DRE#02026495 Compass 

NEARBY SCHOOL & BUSINESS

Jerrod Waller

“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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2609-11 Nina Road