Listing Agent: Omar Elminoufi Broker/Office: Beach City Brokers, Inc.
$ 1,099,900
4
| 3
| 1922 Sq Feet
Listing ID
#260009226SD
Status
Coming Soon
Property Type
Single Family Residence
County
San Diego
Neighborhood
Lemon Grove
Year Built
1960
Days on website
5
Description
Rare value-add opportunity in Lemon Grove featuring a beautifully remodeled 3 bed, 2 bath home (1,330 sq ft) PLUS an attached 1 bed, 1 bath ADU (592 sq ft) with private entrance and washer/dryer hookups, ideal for immediate rental income or multigenerational living. Situated on a fully fenced, mostly flat ~0.45 acre lot with gated rear access from Sarawak Dr, the property offers exceptional usability with ample space for additional parking, RVs, boats, work vehicles, or future development. Strong upside potential with the possibility of a lot split under SB-9. A hypothetical land value appraisal has been completed for the rear portion of the lot (9,801 sq ft) at $295,000 (see attached), providing a compelling data point for investors evaluating the opportunity. Opportunities like this, combining existing income, excess land, and future development potential are increasingly rare.
Financial Information
List Price:
$ 1099900
Property Features
Appliances:
Dishwasher, Disposal, Microwave
Construction Materials:
Other, Stucco
Cooling:
Zoned
Heating:
Electric, Zoned
Interior Features:
Workshop
Levels:
One
Parking Features:
Driveway, Gated, Oversized
Roof:
Shingle
Senior Community YN:
false
View:
Neighborhood
Water Source:
Public
Senior Community YN:
false
MLS Area Major:
91945 - Lemon Grove
City:
Lemon Grove
Listed By:
Omar Elminoufi
Beach City Brokers, Inc.
Co-listed by Brett Bowman
CA Lic#
Co-listed by Brett Bowman
CA Lic#