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Listed by Eric von Bluecher, DRE #01926201 • Lee & Associates
$ 1,750,000
Est. payment /mo
Contingent
7163 69 Central AVE Lemon Grove, CA 91945
0.46 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID CRNDP2608624
Year Built 1988
Lot Size 0.459 Acres
Source California Regional MLS
Property Description
Well-maintained 7-unit apartment property in Lemon Grove offered at $1,750,000. Built in approximately 1988 on a large 19,979 SF lot, the property features one 3-bedroom, 2.5-bath front house and six 2-bedroom units, including two townhomes. Two 2-bedroom units offer direct access to garages with washer/dryer hookups. The property includes 14 parking spaces, select private yards and balconies, separate SDG&E meters, and more than $90,000 in completed capital improvements, including plumbing, roofing, decking, stairways, and HVAC work. Current scheduled income is approximately $146,064, with estimated market income of approximately $199,200 and approximately $53,136 in potential annual gross-income upside. Conveniently located near State Routes 94 and 125, shopping, restaurants, La Mesa, Spring Valley, and Downtown San Diego. Buyer to verify all information and independently confirm income, expenses, rents, square footage, parking, and property characteristics. Please do not enter or walk the property, or contact any tenants or property management, without the prior approval of the Listing Agent.
Location
State CA
County San Diego
Area 91945 - Lemon Grove
Interior
Laundry In Garage, 30, 9
Exterior
Garage Spaces 14.0
Pool None
Others
Tax ID 4792103300
Special Listing Condition Not Applicable , Accepting Backups
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