FSBO
FSBO - For Sale
$999,000
For Sale by Owner
$533/sq ft Listed 1 month ago
5BR Multi-Family for Sale in Lemon Grove, CA
2609-11 Nina Rd, Lemon Grove, CA 91945
5 Beds
3 Bath
1,874 sq ft
Built 1958
PropSlick Verified Data
Key facts & insights for this exact address
$533
Price / sq ft
1958
Year Built
$14,051
Property Tax / yr
San Diego
County
Key Facts
Property TypeMulti-Family
Year Built1958
Square Footage1,874 sq ft
Annual Property Tax$14,051
Price / SqFt$533
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.
Listing description provided by the property owner. PropSlick is not responsible for the accuracy of listing descriptions or any claims made by property owners. PropSlick operates as an advertising platform under 47 U.S.C. 230. Report discriminatory content.
Amenities and Features
Air Conditioning
Property Location
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