Listed by: Jim Bottrell, eXp Realty Greater Los Angeles
$760,000
●
House -
Off Market
1777 Glencoe Drive
Lemon Grove, CA 91945
4 Beds
2 Baths
1,500 Ft²
$3,683
Est. Monthly
About This Property
Welcome to your dream home! Nestled on an oversized, fully fenced
lot (with plenty of room for a potential ADU), this property is a
true gem. Enjoy peace of mind with recent upgrades, including new
plumbing, sewer line, recently replaced roof, energy-efficient
windows, fresh interior and exterior paint, sandblast and
re-stucco, bathroom remodel and more! This property features two
separate units, each with private entrances, making it ideal for
multigenerational living or generating rental income. The front
unit offers three bedrooms and a recently renovated bathroom. The
second unit includes a studio with a full kitchen, bathroom and
Murphy bed, providing optimal space utilization. Conveniently
situated across the street from Monterey Heights Elementary, this
home offers not just a residence but a community-oriented
lifestyle. Don't miss the opportunity to make this property your
own - a perfect blend of comfort, functionality, and investment
potential.
Unit Size
1,500 Ft²
Days on Market
184 days
Land Size
0.18 acres
Price per sqft
$500
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1954
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (CRMLS #NDP2400434)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 1, 2024 | Sold | ||
| Sold | |||
| Nov 24, 2023 | Listed by eXp Realty Greater Los Angeles | $749,999 | |
| Listed by eXp Realty Greater Los Angeles | |||
Property Highlights
Garage
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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Sold On
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HOA + Taxes
About Lemon Grove
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Listed by: Jim Bottrell, eXp Realty Greater Los Angeles
Last Updated: 3 years ago
Data Source: CRMLS, MLS# NDP2400434
Last Updated: 3 years ago
Data Source: CRMLS, MLS# NDP2400434
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