NOT LISTED FOR SALE

2820-22 Massachusetts Ave Lemon Grove, CA 91945

6 Beds
4 Baths
-- Sq Ft
1976 Built

Last Sold July 15, 2020

Last sale price $640,000

83 Days on Market

About This Home

As of July 2020

The same seller has three adjoining duplex parcels for sale. Properties may be purchased individually or all together. The City of Lemon Grove planning department has confirmed the ability to add at least one ADU per duplex as per new CA density bonus law. Each unit has washer/dryer hookups, its own water heater and a garage. This quiet asset is set back from the street and is also close to schools, restaurants, services and major freeways. The portfolio consists of 2820-22, 2824-26,2828 & 2830-32 Mass.

Last Agent to Sell the Property

Terry Moore

ACI Apartments License #00918512 Listed on: 03/24/2020

Last Buyer's Agent

Amar Harrag

Allied Green Realty License #01712576

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1976

Lot Details

  • 10,437 Sq Ft Lot
  • Partially Fenced Property

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Community Details

  • 2 Units
  • Net Operating Income $27,579

Listing and Financial Details

  • Tenant pays for electricity, gas/propane
  • Assessor Parcel Number 479-260-24-00

Property Details

Home Type

Multi-Family

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: East County
  • Cross Street: San Miguel Ave. & Central Ave.
  • Neighborhood: Lemon Grove
  • LP / Sq Ft: 21.05
  • Stories: 1 Story
  • Sale Price List Price: 1.0
  • Total Stories: 1
  • Year Built: 1976
  • 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: 1
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

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

Condo/Co-op/Association

  • Community: LEMON GROVE

Lot Info

  • Lot Size: 7,500-10,889 SF
  • Assessor Parcel Number: 479-260-24-00
  • Estimated Lot Sq Ft: 10437

Rental Info

  • Tenant Pays: Electricity, Gas/Propane

Multi Family

  • No. of Units: 2
  • Actual Net Operating Income: 27579
  • Annual Expense Actual: 12683
  • Annual Expense Projected: 12683
  • Gross Rent Multiplier Actual: 15.3
  • Gross Rent Multiplier Projected: 14.3
  • Gross Sched Income Actual: 41940
  • Gross Sched Income Projected: 44880
  • Number Of Buildings: 1
  • Number Of Units With Dryers: 2
  • Number Of Units With Garage: 2
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 2
  • Number Of Units With Washers: 2

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2020 07/15/20 Sold $640,000 0.0% --
06/16/2020 06/16/20 Pending -- -- --
05/12/2020 05/12/20 Price Changed $640,000 -1.4% --
03/24/2020 03/24/20 For Sale $649,000 -- --
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Terry Moore

    Seller's Agent in 2020

    Terry Moore

    ACI Apartments

    (619) 889-1031

    6 in this area

    52 Total Sales

    Terry Moore
    Section Image
  • Amar Harrag

    Buyer's Agent in 2020

    Amar Harrag

    Allied Green Realty

    (619) 573-0289

    1 in this area

    8 Total Sales

    Amar Harrag
    Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 200014326

San Diego MLS
California San Diego County Lemon Grove 91945

2820-22 Massachusetts Ave, Lemon Grove, CA

This home is located at 2820-22 Massachusetts Ave, Lemon Grove, CA 91945 since 24 March 2020. This property was built in 1976. 2820-22 Massachusetts Ave is a home located in San Diego County with nearby schools including San Miguel Elementary School, Mount Miguel High School, and Helix High School.

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