Description
Income-producing duplex in the heart of Lemon Grove, offering an excellent investment opportunity. The main house features 2 bedrooms and 1 bathroom, while the second unit is a 1-bedroom, 1-bathroom property currently tenant-occupied. Lease agreement details will be provided with an accepted offer. The City of Lemon Grove's planning department confirms the potential to add at least one ADU per duplex under California's new density bonus law, further enhancing this property's value. Both units include washer/dryer hookups and benefit from modern updates, such as new windows, solar (leased), stucco siding, and crawl space encapsulation. Plumbing was also replaced, and two new water heaters were installed in 2020. Set back from the street in a quiet neighborhood, the property boasts a fire pit, a charming picture window, and is situated on a large lot with no HOA. Conveniently located near schools and major freeways, this is a rare opportunity to own a versatile, income-generating property in Lemon Grove.
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3BEDS
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0.21ACRES
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2BATHS
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01/2 BATHS
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1,716SQFT
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$481$/SQFT
Description
Income-producing duplex in the heart of Lemon Grove, offering an excellent investment opportunity. The main house features 2 bedrooms and 1 bathroom, while the second unit is a 1-bedroom, 1-bathroom property currently tenant-occupied. Lease agreement details will be provided with an accepted offer. The City of Lemon Grove's planning department confirms the potential to add at least one ADU per duplex under California's new density bonus law, further enhancing this property's value. Both units include washer/dryer hookups and benefit from modern updates, such as new windows, solar (leased), stucco siding, and crawl space encapsulation. Plumbing was also replaced, and two new water heaters were installed in 2020. Set back from the street in a quiet neighborhood, the property boasts a fire pit, a charming picture window, and is situated on a large lot with no HOA. Conveniently located near schools and major freeways, this is a rare opportunity to own a versatile, income-generating property in Lemon Grove.
Based on information from California Regional Multiple Listing Service, Inc. as of 2025-01-18T00:29:54.017. 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 Action Realty. Licensed in the State of California, USA.