Add to Favorites Add to Favorites
Add to Favorites
For Sale

$1,200,000

3166 3168AB3180 Massachusetts Avenue
Lemon Grove, CA 91945

Sqft 43,243 sqft
Outstanding opportunity to develop this 2 parcel prime location with housing units. The RM zone allows approx. 6 units per parcel, but State Density Bonus could be possible to increase units per parcel. Buyer to confirm all this and any other information with City of Lemon Grove. Build out one parcel, while receiving rental income from the other for flexibility. 3166=2/1+garage (Lndy hook ups)Mo rent=$1650 3168A&B =2/1=mo rent=$1245,$1450 & 3180=1/1with Lndy rm.=mo rent=$1250 Existing units are older, but habitable, and currently under-rented due to long term tenants/pandemic and provide income while obtaining needed CUP, plan approval, building permits, etc. Sellers are Real Estate licensees. Buyer to cooperate with 1031 tax exchange at no cost to buyer. All measurements and figures approx. Buyer to satisfy self as to suitability of future use. Read More

Market Status
Available
Last Updated
July 25, 2021

Property Type
Multi Family
Year Built
1956
Interior Construction
Indoor Laundry Room
MLS Area
91945 - Lemon Grove

Local Market Conditions

There are currently 24 properties for sale in the Lemon Grove, CA area with the average listing price of $644,529. This represents a decrease of -8.7% over the previous week. The 2 bedroom homes saw the largest decrease in the average listing price over the previous week with a -7.8% decrease. To learn more about the Lemon Grove, CA area, contact a local expert!

Market Snapshot for Lemon Grove, CA

Avg. Listing Price

$644,529

Wk ending Jul 24

$-61,171

-8.7%

w-o-w

24

2

2

2

Average Listing Price for Lemon Grove, CA
No. BedroomsNo. Beds Week Ending
(Jul 24)
w-o-w Week Ending
(Jul 17)
Week Ending
(Jul 10)
Week Ending
(Jul 3)
All PropertiesAll $644,529 -8.7% $705,700 $693,217 $637,124
1 bedroom1 BR - +0.0% - - -
2 bedrooms2 BR $529,780 -7.8% $574,780 $580,975 $518,650
3 bedrooms3 BR $675,720 -1.9% $688,982 $664,367 $655,483
4 bedrooms4 BR $644,667 -2.9% $664,000 $695,000 $675,667

Home loan
Need a Home Loan?
Take the first step to secure financing for your home.

Listing Provided By:

Janet Greenwell

Realty Source Inc

Phone
This $1,200,000 Multi Family at 3166 3168AB3180 Massachusetts Avenue in Lemon Grove, CA is presented by Janet Greenwell. This $1,200,000 Multi Family, located in the 91945 zip code, has the following property features: MLS Area, Interior Construction. This 3166 3168AB3180 Massachusetts Avenue Multi Family is listed under MLS listing number PTP2104215 and has a listing price of $1,200,000. You can find more Lemon Grove homes for sale here.

Data Provided by California Regional Multiple Listing Service

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. (CRMLS) and is protected by all applicable Copyright 2021 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Information deemed reliable but not guaranteed.

Copyright© 2021, California Regional Multiple Listing Service, Inc. All rights reserved.