7131 Westview Place

    Lemon Grove, CA 91945
    • $2,400,000
    • STATUS: Active
    • ON SITE: 46 days
    • ID#: 200008639
    UPDATED: 53 min ago
    $2,400,000
    • 0
      BEDS
    • 0.4
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    A value-add opportunity featuring two quadplexes in the city of Lemon Grove. Constructed in 1965, this property rests on two adjacent parcels that total 17,161 SF. This property is comprised of a favorable unit mix that features 8 three-bedroom/two-bathroom units. Tenants are provided with amenities such as off-street parking and laundry hookups. Off street parking includes 8 off street parking spaces (4 on each parcel) and 8 single car garages (4 on each parcel). This complex also provides AC and heating, large shared backyards and new roofs. These units are also within walking distance to stores such as Albertsons, Starbucks, and CVS. This unique opportunity lends investors the chance to acquire two properties made up of 100% three-Bedroom units situated on contiguous parcels. Located in the heart of Lemon Grove, this complex is a short distance from 94 freeway and a variety of shops and eateries located on Broadway. Amenities: None

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-07T10:38:08.38. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Crudo & Associates | Willis Allen Real EstateLa Jolla. Licensed in the State of California, USA.

    www.sdluxe.com/homes/103422130

    7131 Westview Place Lemon Grove, CA 91945

    • Price: $2,400,000
    • Status: Active
    • Updated: 53 min ago
    • ID#: 200008639
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.4
    Acres
    County:
    San Diego
    Property Description
    A value-add opportunity featuring two quadplexes in the city of Lemon Grove. Constructed in 1965, this property rests on two adjacent parcels that total 17,161 SF. This property is comprised of a favorable unit mix that features 8 three-bedroom/two-bathroom units. Tenants are provided with amenities such as off-street parking and laundry hookups. Off street parking includes 8 off street parking spaces (4 on each parcel) and 8 single car garages (4 on each parcel). This complex also provides AC and heating, large shared backyards and new roofs. These units are also within walking distance to stores such as Albertsons, Starbucks, and CVS. This unique opportunity lends investors the chance to acquire two properties made up of 100% three-Bedroom units situated on contiguous parcels. Located in the heart of Lemon Grove, this complex is a short distance from 94 freeway and a variety of shops and eateries located on Broadway. Amenities: None
    Exterior Features

    Construction Materials Stucco Lot Size Units Square Feet

    Interior Features

    Cooling Wall/Window Unit(S) Cooling YN Yes Heating Wall Furnace Heating YN Yes

    Property Features

    Cap Rate 4.60 Country Us Gross Scheduled Income 165996.00 Net Operating Income 110499.00 Operating Expense 55497.00 Property Sub Type Commercial/Residential Total Monthly Rent 13900 Zoning Rmh

    Listing provided courtesy of Carson Trujillo of Marcus & Millichap and Aziz Zakkout of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-07T10:38:08.38. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Crudo & Associates | Willis Allen Real EstateLa Jolla. Licensed in the State of California, USA.

     
    Crudo & Associates | Willis Allen Real EstateLa Jolla
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    La Jolla CA, 92037