7816 7818 Mt Vernon St, Lemon Grove, CA 91945

About this property

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. Sewer: Sewer Connected Unit # for Unit 1: 7816 Unit # for Unit 2: 7818 Number of Furnished Units: 0 Topography: LL

Listing description from the November 2021 sale, as reported to CRMLS.

Sale history

$1,005,000

Sold November 2021 · listed $995,000, on market September 2021 · MLS #210027358 · Source: CRMLS

Listing Agent: Terri Leivas · Listing Office: Terri Leivas, Broker · Contact: 949-307-4143 · Bought with: Terry Moore · Apartment Consultants, Inc.

$1,005,000

Sold November 2021 · listed $995,000, on market September 2021 · MLS #210024954 · Source: CRMLS

Listing Agent: Terri Leivas · Listing Office: Terri Leivas, Broker · Contact: 949-307-4143 · Bought with: Terry Moore · Apartment Consultants, Inc.

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