NOT LISTED FOR SALE

7816 Mount Vernon St Lemon Grove, CA 91945

6 Beds
4 Baths
2,700 Sq Ft
0.34 Acres

Last Sold November 04, 2021

Last sale price $1,005,000 $372 Per Sq Ft

8 Days on Market

Highlights

  • Corner Lot
  • Partially Fenced Property
  • 1-Story Property

About This Home

As of November 2021

There are TWO SEPARATE homes on one lot. Corner lot location. Main home is a 4 bed / 2 bath, 1800 square foot detached home, with garage. 2nd home is a brand new 900 square foot, 2 bed / 2 bath detached home. Both homes are currently rented, month to month. Combined, for both properties, estimated CAP rate is 5%. Between both homes, there is 6 bedrooms, 4 baths, and combined total square footage is 2700 sq. ft. One parcel, with two separate homes on a lot! First home is a 4 bed / 2 bath, 1800 square foot home, with garage, current tenant pays 3300 per month. Second home is a brand new 2 bed / 2 bath, 900 square foot home, tenant pays 2300 per month. Great investment opportunity, live in one and rent out the other one. Great corner location, ample parking. GRM and CAP rates are estimates. Buyer and buyers agents to complete their own due diligence.

Last Agent to Sell the Property

Terri Leivas

Terri Leivas, Broker License #01193924 Listed on: 09/28/2021

Co-Listed By

Avan Gangapuram

Laksh Investments & Consulting, Inc. License #01901735

Last Buyer's Agent

Terry Moore

ACI Apartments License #00918512

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1980

Lot Details

  • 0.34 Acre Lot
  • Partially Fenced Property
  • Corner Lot
  • Level Lot

Home Design

  • Composition Roof
  • Stucco Exterior

Interior Spaces

  • 1-Story Property

Utilities

  • Heating System Uses Natural Gas
  • Separate Water Meter
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for water, cable TV, electricity
  • Assessor Parcel Number 480-551-11-00

Community Details

Overview

  • 2 Buildings
  • 2 Units

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: East County
  • Cross Street: Sunrise Drive
  • Neighborhood: Lemon Grove
  • Supplement: One parcel, with two separate homes on a lot! First home is a 4 bed / 2 bath, 1800 square foot home, with garage, current tenant pays 3300 per month. Second home is a brand new 2 bed / 2 bath, 900 square foot home, tenant pays 2300 per month. Great investment opportunity, live in one and rent out the other one. Great corner location, ample parking. GRM and CAP rates are estimates. Buyer and buyers agents to complete their own due diligence.
  • Stories: 1 Story
  • Sale Price List Price: 1.01
  • Total Stories: 1
  • Year Built: 1980
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

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

Utilities

  • Cooling: Central Forced Air
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Telecommunications: Cable (coaxial)
  • Heat Equipment: Forced Air Unit

Condo/Co-op/Association

  • Pets Allowed: Yes
  • Community: LEMON GROVE

Lot Info

  • Lot Size: .25 to .5 AC
  • Site: Corner Lot
  • Topography: Level
  • Zoning: R-1:SINGLE
  • Assessor Parcel Number: 480-551-11-00
  • Estimated Lot Sq Ft: 14967
  • Estimated Number of Acres: 0.34
  • Map Code Column: H
  • Map Code Page: 1270
  • Map Code Row: 7

Rental Info

  • Tenant Pays: Water, Cable TV, Electricity

Multi Family

  • No. of Units: 2
  • Gross Rent Multiplier Actual: 15.0
  • Gross Sched Income Actual: 5500
  • Number Of Buildings: 2
  • Number Of Units With Cooling: 2
  • Number Of Units With Dishwashers: 2
  • Number Of Units With Fireplaces: 1
  • Number Of Units With Garage: 1
  • Number Of Units With Range Oven: 2
  • Number Of Units With Refrigerator: 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
11/04/2021 11/04/21 Sold $1,005,000 0.0% $372 / Sq Ft
11/04/2021 11/04/21 Sold $1,005,000 +1.0% $372 / Sq Ft
10/07/2021 10/07/21 Pending -- -- --
10/07/2021 10/07/21 Pending -- -- --
09/28/2021 09/28/21 For Sale $995,000 0.0% $369 / Sq Ft
09/01/2021 09/01/21 For Sale $995,000 +206.2% $369 / Sq Ft
03/23/2015 03/23/15 Sold $325,000 0.0% $256 / Sq Ft
02/25/2015 02/25/15 Pending -- -- --
02/16/2015 02/16/15 For Sale $325,000 -- $256 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Terri Leivas

    Seller's Agent in 2021

    Terri Leivas

    Terri Leivas, Broker

    (949) 307-4143

    3 in this area

    26 Total Sales

    Terri Leivas
    Section Image

  • A

    Seller Co-Listing Agent in 2021

    Avan Gangapuram

    Laksh Investments & Consulting, Inc.

    (925) 997-3690

    2 in this area

    9 Total Sales

    Avan Gangapuram
    Section Image
  • Terry Moore

    Buyer's Agent in 2021

    Terry Moore

    ACI Apartments

    (619) 889-1031

    6 in this area

    52 Total Sales

    Terry Moore
    Section Image
  • Deana Hoffman

    Seller's Agent in 2015

    Deana Hoffman

    Coldwell Banker West

    (619) 994-7338

    1 in this area

    30 Total Sales

    Deana Hoffman
    Section Image

  • S

    Buyer's Agent in 2015

    Sheila Dine

    eXp Realty of California, Inc.

    Section Image
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Map

Source: San Diego MLS

MLS Number: 210027358

San Diego MLS

APN: 480-551-11-00

California San Diego County Lemon Grove 91945

7816 Mount Vernon St, Lemon Grove, CA

This home is located at 7816 Mount Vernon St, Lemon Grove, CA 91945 since 28 September 2021. This property was built in 1980. 7816 Mount Vernon St is a home located in San Diego County with nearby schools including Mount Miguel High School, Saint John Of The Cross Catholic School, and Lighthouse Christian Academy.

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