NOT LISTED FOR SALE

8050 Lemon Grove Way Lemon Grove, CA 91945

6 Beds
3 Baths
3,404 Sq Ft
0.55 Acres

Last Sold February 05, 2021

Last sale price $975,000 $286 Per Sq Ft

18 Days on Market

Highlights

  • No Units Above
  • Laundry Room
  • 1-Story Property
  • 0.55 Acre Lot
  • Back Yard

About This Home

As of February 2021

Opportunity to own a well maintained cash flow multi-family investment. All 2bd/1ba spacious units. All units come equipped with 1-car garages, W/D hookups and spacious back yards. The only wall being shared between units is the wall separating the garages. Units avg. around 850sf. Ample parking and secluded location.

Last Agent to Sell the Property

Kate Darling

Pasas Properties License #01916226 Listed on: 11/18/2020

Last Buyer's Agent

Terry Moore

Apartment Consultants Incorporated License #00918512

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1954

Lot Details

  • 0.55 Acre Lot
  • No Units Above
  • No Units Located Below
  • 1 Common Wall
  • Back Yard

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,404 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Washer and Gas Dryer Hookup

Location

  • Suburban Location

Listing and Financial Details

  • Tax Lot 15045
  • Tax Tract Number 144
  • Assessor Parcel Number 4754502200

Community Details

Overview

  • 2 Buildings
  • 4 Units

Building Details

  • 4 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Gross Income $73,681
  • Net Operating Income $53,416

Property Details

Home Type

Multi-Family

Year Built

Built in 1954

Lot Details

0

Parking

4

Listing Details

  • CapRate: 5.37
  • Price Per Unit: 248750
  • Property Attached: Yes
  • Zoning: Restricted Multiple
  • Property Type: Residential Income
  • Parcel Number: 4754502200
  • Year Built: 1954
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall, No One Above, No One Below
  • Price Per Square Foot: 286.43

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas & Electric Dryer Hookup, In Garage, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Land Lease: No
  • Lot Features: Back Yard
  • Lot Size Sq Ft: 23958.00
  • Lot Size Acres: 0.5500

Multi Family

  • Gross Income: 73681.00
  • Gross Scheduled Income: 76260.00
  • Lot Size Area: 23958.0000 Square Feet
  • Net Operating Income: 53416.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Leased: 4
  • Number Of Units Total: 4
  • Number With Dishwasher: 4
  • Number With Range: 4
  • Number With Refrigerator: 4
  • Operating Expense: 20556.00
  • Rent Control: No
  • Total Actual Rent: 6330.00

Tax Info

  • Tax Lot: 15045
  • Tax Tract Number: 144/1

Range of Values:

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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
02/05/2021 02/05/21 Sold $975,000 -2.0% $286 / Sq Ft
12/06/2020 12/06/20 Pending -- -- --
11/18/2020 11/18/20 For Sale $995,000 -- $292 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kate Darling

    Seller's Agent in 2021

    Kate Darling

    Pasas Properties

    (619) 633-6671

    1 in this area

    10 Total Sales

    Kate Darling
    Section Image
  • Terry Moore

    Buyer's Agent in 2021

    Terry Moore

    Apartment Consultants Incorporated

    (619) 889-1031

    6 in this area

    52 Total Sales

    Terry Moore
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2001545

California Regional Multiple Listing Service (CRMLS)
California San Diego County Lemon Grove 91945

8050 Lemon Grove Way, Lemon Grove, CA

This home is located at 8050 Lemon Grove Way, Lemon Grove, CA 91945 since 18 November 2020. This property was built in 1954. 8050 Lemon Grove Way is a home located in San Diego County with nearby schools including Lemon Grove Academy Middle, Mount Miguel High School, and Sparrow Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

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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