6816 Central Ave Unit 20 Lemon Grove, CA 91945
Estimated payment $8,120/month
Highlights
- No HOA
- Bike Trail
- No Heating
- Laundry Room
- Dog Park
About This Home
This well-maintained multi-family asset features three separate units — offering immediate cash flow and built-in occupancy. Property recent upgrades feature a new roof, updated electrical and the initial steps towards permitting. Ideal for mission-driven investors or owner-occupied operators, the property sits on a spacious lot with ADU potential (buyer to verify), providing a pathway to expand both impact and income. Located in a high-demand area near hospitals, transit, and community resources, the property delivers stable returns with a 6% cap rate. This is a rare chance to own a cash-flowing real estate asset with built-in social value.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1947
Lot Details
- 0.33 Acre Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Triplex
- Entry on the 1st floor
Interior Spaces
- 14,456 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Bathroom
Laundry
- Laundry Room
- Laundry Located Outside
- Washer and Gas Dryer Hookup
Parking
- 10 Open Parking Spaces
- 10 Parking Spaces
Outdoor Features
- Exterior Lighting
- Rain Gutters
Additional Features
- Suburban Location
- No Heating
Listing and Financial Details
- Tax Lot /13
- Tax Tract Number 33
- Assessor Parcel Number 4791001500
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 3 Units
Amenities
- Laundry Facilities
Recreation
- Dog Park
- Bike Trail
Building Details
- 3 Separate Electric Meters
- 3 Separate Gas Meters
- 1 Separate Water Meter
- Cable TV Expense $300
- Electric Expense $1,050
- Insurance Expense $14,400
- Pest Control $3,500
- Professional Management Expense $25,000
- Supplies Expense $1,200
- Trash Expense $1,200
- Water Sewer Expense $8,500
- Security Expense $5,500
- New Taxes Expense $9,950
- Operating Expense $70,600
- Gross Income $166,200
- Net Operating Income $121,200
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/12/2025 11/12/25 | Price Changed | $1,295,000 | -0.3% | $90 / Sq Ft |
| 10/20/2025 10/20/25 | Price Changed | $1,299,000 | -2.0% | $90 / Sq Ft |
| 08/04/2025 08/04/25 | For Sale | $1,325,000 | -- | $92 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PTP2505907
APN: 479-100-15-00
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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