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OHs Sat (12/21) from 12p - 3p & Sun (12/22) 10:30a - 1p!! Amazing Triplex with Expansion Potential in Lemon Grove! (INVESTORS!!! - This is a 6.84% Cap Rate!!!) This beautifully renovated triplex is a rare find, offering both immediate rental income and future development possibilities. Each of the three fully self-contained units is turnkey and ready for occupancy, making this property perfect for investors or multi-generational living. Unit 1 is a spacious 1,527 sq. ft. home featuring 4 bedrooms, 2.5 bathrooms, a cozy fireplace, and a laundry room. Unit 2 is an 845 sq. ft. unit with 2 bedrooms, 2 bathrooms, a fireplace, laundry, and brand-new kitchen appliances. Unit 3 is a 331 sq. ft. studio with a gas range, refrigerator, and microwave, perfect for rental or guest use. One of the key highlights of this property is its pre-plumbed, pre-wired, and sewered additional RV spaces—offering a unique opportunity to expand or add value. With the infrastructure already in place, you can easily enhance the property’s income potential. Enjoy a fenced-in inground pool for privacy and relaxation, with a convenient pool bath included. Located on a hill with great views, this property is a prime investment. Whether you're looking for a rental income machine or a flexible living arrangement, this triplex has it all! Please also note the following items: 1) All offers must be submitted by the buyer's agent via PropOffers (Contact Listing Agent for instructions/questions) 2) The buyer's agent will be responsible for a $150 fee at the time of closing, for the use of PropOffers. 3) Buyer to do their own due diligence. All recent work was permitted.
Property Type(s):
Single Family
| Last Updated | 12/20/2024 | Tract | Lemon Grove |
|---|---|---|---|
| Year Built | 1966 | Community | Lemon Grove |
| County | San Diego |
Price History
| Prior to Nov 14, '24 | $1,575,000 |
|---|---|
| Nov 14, '24 - Dec 20, '24 | $1,499,900 |
| Dec 20, '24 - Today | $1,399,900 |
Additional Details
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Built-In, Built-In Range, Dishwasher, Disposal, Electric Range, Gas Range, Microwave, Range Hood, Refrigerator |
| AREA | Lemon Grove |
| BASEMENT | Yes |
| CONSTRUCTION | Stucco |
| FIREPLACE | Yes |
| GARAGE | Driveway, Other |
| HEAT | Electric, Forced Air |
| INTERIOR | Bedroom on Main Level, Galley Kitchen, Main Level Primary, See Remarks, Utility Room |
| LOT | 0.31 acre(s) |
| LOT DIMENSIONS | 64x210 |
| PARKING | Driveway,Other |
| POOL | Yes |
| POOL DESCRIPTION | Fenced,In Ground,Pool Cover,Private |
| STORIES | 2 |
| STYLE | Traditional |
| SUBDIVISION | Lemon Grove |
| VIEW | Yes |
| VIEW DESCRIPTION | Mountain(s) |
| WATER | Public |
Location
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Listed with Vylla Home, Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
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