Brokerage
Brokerage
Active
7445 Pacific
7445 Pacific Ave, Lemon Grove, CA, USA
$800,000
Vacant Residential Care Facility




Property Description
Huge income potential with development possibilities! 1945-built, 2,082 SF 1-story house, with 8-beds/3-baths on a 7,901 SF lot zoned RM (residential medium). Open-layout kitchen/living area, full-size W/D, and longer driveway that can park several cars. In back, there is an outdoor patio area, small storage unit, and open space to add additional units (ADU potential!) or for additional landscaping, pool, etc. Previously used as a licensed residential care facility (RCF). Addition completed in mid-80s, converting attached garage into bedrooms and adding on to the rear of the structure. Permits for that addition appear to be intact - buyer to verify. Perfect for those with an existing RCF business looking to expand, developers looking to add units, or value-add buyers. Recent interior renovations including all new windows, bathroom renovations, painting, and ceiling fans added in all rooms. There is some ongoing interior and exterior/stucco work in progress. Presents several options for a buyer to take the property to the next level as a cash-flowing multifamily property through an ADU process, or to operate a RCF business. Larger families may even enjoy the multitude of bedrooms provided in this unique asset. All information deemed reliable, but not guaranteed. Buyer to do its own due diligence and satisfy itself.
Property Details
Property Type
SFR or Residential Care Facility
Price
$800,000
Units
1
Price/Unit
SqFt
2,082
Price/SF
$384
Unit Mix
8-beds/3-baths
GRM
2.78
Year Built
1945
Cap Rate
16.4
Market
Lemon Grove
Contact Agent
Maxim Delbecq, MBA
858.333.7701
DRE # 01964069
Kenneth Herskind
858.699.4013
01872460

