Seller's Agent in 2025
Bryan Mancuso
eXp Realty of California, Inc.
(858) 254-1207
1 in this area
15 Total Sales
2840 Olive St Lemon Grove, CA 91945
9
Beds
6
Baths
3,159
Sq Ft
6,900
Sq Ft Lot
Highlights
- Mountain View
- Forced Air Heating and Cooling System
- Gentle Sloping Lot
- Security System Owned
- Property is Fully Fenced
About This Home
As of March 2025Welcome to this exceptional multi-unit property in Lemon Grove, with a total of four distinct units. Each unit features a private entrance and outdoor living area, fully enclosed by 6-foot vinyl fencing. The property offers six off-street parking spots, with two dedicated spaces per unit. The sale includes a fully permitted, brand-new unit built in 2024, offering 1,109 sq. ft. with three bedrooms and two bathrooms. Additionally, the attach, constructed in 2018, provides 540 sq. ft. with two bedrooms and one bathroom. The main house, originally built in 1947, has undergone multiple expansions, resulting in a total of 1,460 sq. ft. with all but about 800 sq. ft. being new construction. The unit has 3 bedrooms, 2 bathrooms, a side yard with turf, and a gated front yard. There is also an attached 1 bed & 1 bath with a separate private entrance and kitchenette. Each unit is equipped with HVAC or mini-split systems, natural gas tankless water heaters, natural gas dryer and washer hookups, and natural gas ranges. Two units also feature dishwashers. The roofing for all units was updated in either 2018 or 2024. Upgrades throughout the property include vinyl plank flooring, custom cabinetry, quartz countertops, custom tile in all bathrooms, ceiling fans in all rooms, and electronic door locks. The main house boasts a custom shower with a whirlpool tub, custom closets in all bedrooms, EV readiness, pull-down attic stairs, an attic fan, surround sound, and smart home features. All units have durable Hardy board exteriors. the units are completely independent, accessed via a city-owned alley, while the main house shares one common wall with the 2 bed, 1 bathroom unit. Additional amenities include an RV sewer dump line, pull-down attic stairs for extra storage in the main house, two outdoor patio pergolas, and three storage sheds. The property also features separate electric meters for each unit, with shared water and natural gas, and exterior security cameras for added safety. Turf covers the front and side yards. All building plans and permits are available, ensuring compliance and transparency. Located within the Helix High School catchment area, no lottery is required for enrollment.
Last Agent to Sell the Property
eXp Realty of California, Inc. License #01870177 Listed on: 12/16/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1947
Lot Details
- 6,900 Sq Ft Lot
- Property is Fully Fenced
- Gentle Sloping Lot
Parking
- Alley Access
Home Design
- Composition Roof
- Vinyl Siding
Interior Spaces
- 2-Story Property
- Mountain Views
- Security System Owned
Schools
- Lemon Grove School Distict Elementary And Middle School
- Grossmont Union High School District
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Heat Pump System
- Separate Water Meter
- Gas Water Heater
Listing and Financial Details
- Tenant pays for electricity
- Assessor Parcel Number 480-344-05-00
Community Details
Overview
- 2 Buildings
- 4 Units
- N/K Community
Building Details
- Net Operating Income $111,487
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 16, 2024
Closed on
Mar 17, 2025
Sold by
Major Trust and Major Sharon L
Bought by
Zhang Yang and Diao Chang
Seller's Agent
Bryan Mancuso
eXp Realty of California, Inc.
Buyer's Agent
Ryan Sun
Real Broker
List Price
$1,435,000
Sold Price
$1,430,000
Premium/Discount to List
-$5,000
-0.35%
Views
69
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$447,744
Avg. Annual Appreciation
-38.22%
Original Mortgage
$1,360,100
Outstanding Balance
$1,353,138
Interest Rate
6.87%
Mortgage Type
VA
Estimated Equity
-$370,882
Purchase Details
Closed on
Oct 26, 2024
Sold by
Major Trust and Major Sharon L
Bought by
Major Sharon L and Russo Monique
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$980,000
Interest Rate
6.32%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 21, 2020
Sold by
Major Sharon L and Russo Monique
Bought by
Major Sharon L and Russo Monique
Purchase Details
Closed on
Dec 11, 2019
Sold by
Major Sharon L and Russo Monique L
Bought by
Major Sharon L and Russo Monique
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$577,940
Interest Rate
3.18%
Mortgage Type
FHA
Purchase Details
Closed on
Nov 4, 2017
Sold by
Major Sharon L and Russo Monique L
Bought by
Major Sharon L and Russo Monique L
Purchase Details
Closed on
Aug 15, 2017
Sold by
Major Sharon L
Bought by
Major Sharon L and Russo Monique L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$542,493
Interest Rate
4.37%
Mortgage Type
FHA
Purchase Details
Closed on
May 22, 2015
Sold by
Viewpoint Equities Inc
Bought by
Major Sharon L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
3.64%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 2, 2010
Sold by
Flores Raquel and Gass David
Bought by
Viewpoint Equities Inc
Purchase Details
Closed on
Jan 5, 2004
Sold by
Peters Diane J and Estate Of Violet Maxwell
Bought by
Gass David and Flores Raquel
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,430,000 | Fidelity National Title | |
| Quit Claim Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | First American Title | |
| Interfamily Deed Transfer | -- | Pacific Coast Title | |
| Interfamily Deed Transfer | -- | Pacific Coast Title | |
| Grant Deed | $335,000 | Title 365 | |
| Trustee Deed | $160,500 | First American Title San Die | |
| Grant Deed | $320,000 | First American Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,360,100 | VA | |
| Previous Owner | $980,000 | New Conventional | |
| Previous Owner | $577,940 | FHA | |
| Previous Owner | $542,493 | FHA | |
| Previous Owner | $240,000 | New Conventional | |
| Previous Owner | $256,000 | Purchase Money Mortgage | |
| Closed | $32,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/26/2025 03/26/25 | Sold | $1,430,000 | -0.3% | $453 / Sq Ft |
| 01/14/2025 01/14/25 | Pending | -- | -- | -- |
| 12/16/2024 12/16/24 | For Sale | $1,435,000 | -- | $454 / Sq Ft |
Source: San Diego MLS
Tax History Compared to Growth
Tax History
| 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 |
|---|---|---|---|---|
| 2025 | $7,556 | $798,779 | $240,367 | $558,412 |
| 2024 | $7,556 | $571,117 | $235,654 | $335,463 |
| 2023 | $7,350 | $559,920 | $231,034 | $328,886 |
| 2022 | $7,311 | $548,942 | $226,504 | $322,438 |
| 2021 | $6,796 | $503,865 | $222,063 | $281,802 |
| 2020 | $6,637 | $498,700 | $219,787 | $278,913 |
| 2019 | $6,522 | $488,923 | $215,478 | $273,445 |
| 2018 | $4,851 | $353,847 | $211,253 | $142,594 |
| 2017 | $4,864 | $346,910 | $207,111 | $139,799 |
| 2016 | $4,694 | $340,108 | $203,050 | $137,058 |
| 2015 | $2,873 | $187,952 | $91,291 | $96,661 |
| 2014 | -- | $184,271 | $89,503 | $94,768 |
Source: Public Records
Agents Affiliated with this Home
-
Bryan Mancuso
-
Ryan Sun
Buyer's Agent in 2025
Ryan Sun
Real Broker
(855) 450-0442
2 in this area
24 Total Sales
Map
Source: San Diego MLS
MLS Number: 240028507
APN: 480-344-05
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