7163 Central Avenue, Lemon Grove, CA 91945
7163 Central Avenue, Lemon Grove, CA 91945
7163 Central Avenue, Lemon Grove, CA 91945
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John R Thompson

John R Thompson

+1(805) 796-5221
Listed by Eric M von Bluecher • Lee & Associates
$1,750,000
Est. payment /mo
6,316 SqFt
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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,316 sqft

Price per Sqft $277

MLS Listing ID 8N-2608624

Year Built 1988

Lot Size 0.459 Acres

Source California Regional Multiple Listing Service (CRMLS)

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

Zoning R-2

Interior

Laundry Electric Dryer Hookup, In Garage, Washer Hookup

Exterior

Garage Spaces 2.0

Pool None

Community Features Curbs, Gutters, Sidewalks, Storm Drains

View Y/N No

Building

Lot Description 0-1 Unit/Acre

Sewer Public Sewer

Others

Virtual Tour https://www.propertypanorama.com/instaview/crmls/NDP2608624

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John R Thompson

John R Thompson

+1(805) 796-5221

Broker/Owner License ID: 01200900

Broker/Owner License ID: 01200900

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7163 Central Avenue