$1,850,000

  • COMMERCIAL-RES INCOME
  • ACTIVE
  • MLS# 180057573

Description

2820-2832 Massachusetts Avenue. Nice property with potential for income growth. 4 Duplexes with individual APN #'s for each building (APN #479-260-21-00, 479-260-22-00, 479-260-23-00 and 479-260-24-00). Looking for one buyer for all. Each unit has a private yard. 3 Bedroom Units have Garages and there is parking on site for other units. Some units have been upgraded. Some units have deferred maintenance. Units are all leased with long term tenants in most.

Property Details

Property type:
Commercial-Res Income
Age of Building:
1976
Acreage:
1
Number of Buildings:
4
Number of Stories:
1
Number of Units w/Garage:
4
Total Number of Parking Spaces:
12

Location

County:
San Diego

Directions

South on Massachusetts from Hwy 94 to Property.

Additional Details

Number of Units:
8
Number of Leased Apartments:
8
Number of Stories:
1
Total Monthly Rent:
$11,665
Price Per Unit:
$231,250
Down Payment:
$475,000
Gross Equity:
$1,850,000
Existing Finance:
Clear
SqFt of Improvement:
8,436
Lot Size:
.75 through 1.5 Acres
Lot Square Footage:
40,741
Assessors Parcel #:
479-260-21-00
Tenant Pays Electric:
Yes
Units with Dishwasher:
8
Units with Disposals:
8
Units with Ranges:
8
Units with Refrigerator:
8
Flood Zone:
Hazard Unknown
Geological Hazard Zone:
Hazard Unknown
Exterior:
Fully Landscaped, Metal Fence, Wood Fence
Heating Equipment:
Central Forced Air Gas
Roof:
Composition
Laundry:
Owned
Parking:
Garages, Spaces

Unit Details

Unit 1
Number of Units:
4
Number of Bedrooms:
3
Number of Baths:
2
Rent:
$1,600
Unit Rental Total:
$6,250
Unit 2
Number of Units:
2
Number of Bedrooms:
2
Number of Baths:
2
Rent:
$1,440
Unit Rental Total:
$2,575
Unit 3
Number of Units:
1
Number of Bedrooms:
2
Number of Baths:
1
Rent:
$1,440
Unit Rental Total:
$1,440
Unit 4
Number of Units:
1
Number of Bedrooms:
1
Number of Baths:
1
Rent:
$1,400
Unit Rental Total:
$1,400

Dimensions

Lot:
131x311

Features

Floor Coverings:
Vinyl, Wall to Wall Carpet
Construction Features:
Frame, Stucco
Laundry Utilities:
Owned

Listing provided by

SD Coastal Real Estate, Inc.
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Lemon Grove

Once known for its orange and lemon groves, the city of Lemon Grove proudly bares its name on a ten-foot wide, 3,000-pound monument of a lemon. Originally built as a parade float in 1928, the town’s motto “Best Climate on Earth” can be found at its base. Just under four square miles, the area of Lemon Grove is bordered by State Route 94 to the north and Route 125 on its easte... Read More

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