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2609 11 Nina Road Lemon Grove, CA 91945
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Lemon Grove
MLS Listing ID 260019237SD
HOA Y/N No
Year Built 1958
Property Description
Two detached homes on one lot in a quiet Lemon Grove cul-de-sac. Front home is 3 bed, 1.5 bath, approx 1,100 SF. Back home is 2 bed, 1 bath, approx 774 SF. Each has its own gas and electric meter and its own single-car garage, so you get two independent tenancies with minimal overlap. At current rents the property pencils at a 5.8% cap rate, based on what the units bring in today rather than projected increases. Strong fit for an investor wanting long-term value with cash flow in place from day one, or for a buyer looking to occupy one home and let the second unit cover a portion of the mortgage. Detached units command more than a standard duplex and tend to hold tenants longer with cleaner turnovers. Detached 2-on-1 lots don't come up often in Lemon Grove.
Location
State CA
County San Diego
Area 91945 - Lemon Grove
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 1
Entry Level One
Level or Stories One
Others
Senior Community No
Tax ID 4793403700
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Listed by Twana Rasoul Compass #02026495
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