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Jerrod Waller

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

$1,300,000

Est. payment - /mo

3 Beds

1 Bath

2,320 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 2,320 sqft

Price per Sqft $560

Subdivision Lemon Grove

MLS Listing ID 260019521

Bedrooms 3

Full Baths 1

Year Built 1948

Lot Size 8,100 Sqft

Property Sub-Type Detached

Property Description

Investment Opportunity in the Heart of Lemon Grove! Rare opportunity to own a versatile, income-producing property offering four separate living units and approximately $8,400 per month in rental income (over $100,000 annually). The property features a spacious 3-bedroom, 1-bath main residence, along with three additional ADUs, including: • Attached 2-bedroom, 1-bath ADU • Attached studio ADU with private bath • Detached studio ADU with private bath. Whether you're an investor seeking immediate cash flow, completing a 1031 Exchange, or an owner-occupant looking to offset your mortgage with rental income, this property offers exceptional flexibility and earning potential. Situated on a generously sized lot in the desirable community of Lemon Grove, the property provides convenient access to Highways 94, 125, Interstate 8, and Interstate 805, making commuting throughout San Diego County simple. Downtown San Diego, Naval Base San Diego, SDSU, shopping centers, restaurants, parks, and public transportation are all just minutes away. Known as the “Best Climate on Earth,” Lemon Grove offers residents a welcoming small-town atmosphere while remaining close to everything San Diego has to offer. The city continues to experience strong rental demand due to its affordability compared to many surrounding communities, making it an attractive location for both investors and tenants. Properties offering this level of income potential, flexibility, and location rarely become available.

Location

State CA

County San Diego

Area East County

Zoning R-1:SINGLE

Interior

Heating Fireplace, Forced Air Unit

Cooling Central Forced Air, Wall/Window

Fireplace No

Laundry Other/Remarks

Exterior

Parking Features Tandem

Garage Spaces 2.0

Fence Gate, Wood

View Y/N No

Water Access Desc Meter on Property

Roof Type Shingle

Total Parking Spaces 6

Building

Story 1

Sewer Public Sewer

Water Meter on Property

Level or Stories 1

Others

Senior Community No

Restrictions Other/Remarks

Tax ID 480-202-04-00

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Modesta A Gilpin, DRE#01394822 HomeSmart Realty West

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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3253 Acacia St Lemon Grove, CA 91945