7560 North Ave, Lemon Grove, CA 91945

About this commercial property

**Seller financing available with 50% down for up to 1 year with interest only payments** 7560 North Ave is a fantastic 11 units apartment building in the heart of Lemon Grove. The entire property is in need of remodeling/repairs and is currently vacant. Perfect for an investor looking for a fixer without the hassle of removing tenants in accordance with new rent control laws. The upside value is overwhelming with large units, possible development opportunities and obtaining market rents immediately. Per the tax record the subject property is 11 units, but one unit may or may not be permitted. Buyer to verify all permits and building is sold "AS-IS, WHERE-IS". Financing must be cash only or hard money loans per the condition of the property.

Listing description from the April 2020 sale, as reported to CRMLS.

Sale history

$1,527,500

Sold April 2020 · listed $1,590,000, orig. $16,000,000, on market March 2020 · MLS #200014129 · Source: CRMLS

Listing Agent: Krista Berger · Listing Office: KB Investments · Contact: 858-243-6570 · Bought with: Weston Card · Pacific Coast Commercial

$875,000

Sold December 2013 · listed $925,000, on market July 2013 · MLS #130035956 · Source: CRMLS

Listing Agent: Raymond Choi · Listing Office: Marcus & Millichap · Contact: 858-373-3100 · Bought with: Thomas McCartin · Marcus & Millichap

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