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Vacant SFR/RCF ADU Build

Lemon Grove, CA 91945

Active

$800,000

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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.

Contact Agent

Maxim Delbecq, MBA

858.333.7701

DRE # 01964069

Kenneth Herskind

858.699.4013

01872460

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Property Details

Property Type

SFR or Residential Care Facility

Units

1

SqFt

2,082

Unit Mix

8-beds/3-baths

Year Built

1945

Price

Price/Unit

Price/SF

GRM

Cap Rate

$800,000

$384

2.78

16.4

Property Location

Lemon Grove

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