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1403-05 Skyline Dr

Lemon Grove, CA 91945
  • $799,000
  • STATUS: ACTIVE
  • ON SITE: 22 Days
  • ID#: 220028142
Price Reduced
UPDATED: 24 min ago
$799,000
  • 5
    BEDS
  • 0.25
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,438
    SQFT
  • $328
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1958
County:

Description

2 Large Houses and 4 One Car Garages sitting on a flat 10,000 sf lot! Build up your Real Estate portfolio with the perfect duplex with the ability to add an ADU or live in one home and rent the other one out! These two units are separated by 4, 1 car garages that can be easily converted into an ADU. No need to worry about parking as there is plenty of driveway parking (4-5 vehicles) and ample street parking. There's a 3 bed/2 bath Home with a large family room and next door is a large 2 bedroom/1 bathroom home. Each home has their own large backyard! With a huge upside in rents, this is the perfect opportunity to acquire a very desirable Duplex.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/134798692
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1403-05 Skyline Dr Lemon Grove, CA 91945

  • Price: $799,000
  • Status: ACTIVE
  • On Site: 22 Days
  • Updated: 24 min ago
  • ID#: 220028142
5
Beds
3
Baths
0
½ Baths
0.25
Acres
2,438
SQFT
$328
$/SQFT
1958
Built
Neighborhood:
Lemon Grove
County:
San Diego
Area:
Lemon Grove (91945)
Elementary School:
Lemon Grove School Distict
Middle School:
Lemon Grove School Distict
High School:
Grossmont Union High School District
Property Description
2 Large Houses and 4 One Car Garages sitting on a flat 10,000 sf lot! Build up your Real Estate portfolio with the perfect duplex with the ability to add an ADU or live in one home and rent the other one out! These two units are separated by 4, 1 car garages that can be easily converted into an ADU. No need to worry about parking as there is plenty of driveway parking (4-5 vehicles) and ample street parking. There's a 3 bed/2 bath Home with a large family room and next door is a large 2 bedroom/1 bathroom home. Each home has their own large backyard! With a huge upside in rents, this is the perfect opportunity to acquire a very desirable Duplex.
Exterior Features

Exterior Stucco Fencing Full Parking Garage Desc Unit1 Attached Parking Garage Desc Unit2 Attached Parking Garage Spaces Unit1 1 Parking Garage Spaces Unit2 1 Parking Non Garage Desc Unit1 Uncovered Parking Non Garage Desc Unit2 Uncovered Roof Other/Remarks Topography Level Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Units With Garages 2 Units With Patios 2

Interior Features

Cooling Wall/Window Furnished Units 2 Half Baths Unit1 0 Half Baths Unit2 0 Heat Equipment Other/Remarks Heat Source Other/Remarks Stories 1 Story Total Baths Unit1 2 Total Baths Unit2 1 Total Baths Unit3 0 Total Baths Unit4 0 Unit1 Laundry Hook Ups No Unit2 Laundry Hook Ups No Units With Cooling 2 Units With Dishwashers 1 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 2 Units With Refrigerators 2 Units With Washers 0

Property Features

Actual Cap Rate 3.4 Age Restrictions N/K Annual Expense Actual 16585 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0.0 Community Lemon Grove Complex Park Lemon Grove Cross Streets Skyline Dr & Sanford Dr Gross Rent Multiplier Actual 18.9 Gross Rent Multiplier Project 12.48 Gross Scheduled Income Actual 47388 Mandatory Remarks None Known Market Area East County Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 0 Pets Yes Projected Cap Rate 5.2 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Tenant Pays ElectricityGas/Propane Terms CashConventionalFhaVa Unit1 Deposit 0 Unit1 Occupied Tenant Unit1 Projected Rent 3500.0 Unit1 Rent Actual 2398.0 Unit2 Deposit 0 Unit2 Occupied Tenant Unit2 Projected Rent 2500.0 Unit2 Rent Actual 1551.0 Water Meter On Property Water District Helix Water District

San Diego MLS logo Listing provided courtesy of Lepe Tendwell Properties: [IDXCONTACTINFORMATION]. Listing information © 2022 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2022 San Diego MLS, Inc. Licensed in the state of California.
 
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516 5th Avenue
San Diego CA, 92101