NOT LISTED FOR SALE

2768 Massachusetts Ave Lemon Grove, CA 91945

Lemon Grove Area
5 Beds
5 Baths
3,400 Sq Ft
9,163 Sq Ft Lot

Sale Details

Date Sold: September 28, 2021

Last sale price $915,000 $269 Per Sq Ft

14 Days on Market

Highlights

  • Partially Fenced Property
  • Wood Siding
  • 1-Story Property

About This Home

As of September 2021

Fantastic Investment Opportunity!!! City of Lemon Grove may allow an additional ADU per CA density bonus law. Quaint Craftsman style architectural features-hardwood floors (in 3br), brick fireplaces, crown molding and baseboards, bench seats on both sides of the fireplace (in 2br). Well maintained units, 2br updated with new tile, carpet and paint in 2019. ALL units have yards, washer/dryers, off-street parking, ceiling fans and below market rents. Configured as two buildings: Duplex 3br/2ba and studio and separate 2br/2ba house. Great for owner-occupied and have 2 (maybe 3) helper units pay the mortgage!

Last Agent to Sell the Property

Carol Weiler

Everview Properties, Inc. License #01003839 Listed on: 06/07/2021

Last Buyer's Agent

KET SIVILAY

Coldwell Banker West License #01819980

Coldwell Banker West
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2011

Lot Details

  • 9,163 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 479-260-10-00

Community Details

Overview

  • 2 Buildings
  • 3 Units
  • N/K Community

Building Details

  • Net Operating Income $41,546

Property Details

Home Type

Multi-Family

Year Built

Built in 2011

Lot Details

9,163 Sq Ft Lot

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: East County
  • Cross Street: San Miguel
  • Neighborhood: Broadway Heights
  • LP / Sq Ft: 19.5
  • Stories: 1 Story
  • Sale Price List Price: 0.99
  • Total Stories: 1
  • Year Built: 2011
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 1
  • Prkng Non Garage Spac U2: 2
  • Prkng Non Garage Spac U3: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Wood/Stucco
  • Fencing: Partial
  • Roof: Composition

Utilities

  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Complex Name: N/K
  • Community: LEMON GROVE

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Zoning: R-1:SINGLE
  • Assessor Parcel Number: 479-260-10-00
  • Estimated Lot Sq Ft: 9163
  • Estimated Number of Acres: 0.21
  • Map Code Column: F
  • Map Code Page: 1270
  • Map Code Row: 7

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 3
  • Actual Net Operating Income: 41546
  • Gross Rent Multiplier Actual: 18.2
  • Gross Rent Multiplier Projected: 14.6
  • Number Of Buildings: 2
  • Number Of Units With Dishwashers: 1
  • Number Of Units With Dryers: 3
  • Number Of Units With Fireplaces: 2
  • Number Of Units With Patios: 3
  • Number Of Units With Range Oven: 3
  • Number Of Units With Refrigerator: 3
  • Number Of Units With Washers: 3

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/28/2021 09/28/21 Sold $915,000 -1.1% $269 / Sq Ft
07/02/2021 07/02/21 Price Changed $925,000 +2.9% $272 / Sq Ft
06/22/2021 06/22/21 Pending -- -- --
06/07/2021 06/07/21 For Sale $899,000 -- $264 / Sq Ft
Source: San Diego MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $14,437 $990,422 $357,359 $633,063
2025 $13,435 $971,002 $350,352 $620,650
2024 $13,435 $951,964 $343,483 $608,481
2023 $13,109 $933,299 $336,749 $596,550
2022 $13,045 $915,000 $330,147 $584,853
2021 $7,394 $443,844 $160,146 $283,698
2020 $7,291 $439,294 $158,504 $280,790
2019 $7,141 $430,682 $155,397 $275,285
2018 $6,976 $422,238 $152,350 $269,888
2017 $150 $413,960 $149,363 $264,597
2016 $6,598 $405,844 $146,435 $259,409
2015 $6,564 $399,749 $144,236 $255,513
2014 $6,332 $391,919 $141,411 $250,508
Source: Public Records

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Map

Source: San Diego MLS

MLS Number: 210015598

San Diego MLS
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