$543,500
●
House -
Off Market
2630 Main Street
Lemon Grove, CA 91945
3 Beds
2 Baths
1,199 Ft²
$537,618
RealtyHop Estimate
7.52%
Since Feb 1, 2023
CA-San Diego
Primary Model
About This Property
OPPORTUNITY AWAITS! BARGAIN!!! $500K is a STEAL ANYWHERE in San
Diego County for a detached house!!! You can have it here! **
Enjoy the LEMON GROVE lifestyle in this great Single Level 3
Bedroom, 2 Bath home. ** UPGRADES include newer mini-split
HVAC for your comfort and low cost of operation, newer roof,
step-in shower in the master bath and new carpet. **
Original hardwood floors in 2 bedrooms and under the new carpet in
the hall, living room & dining room. Refrigerator and newer washer
& dryer convey. ** Easy access to downtown for shopping &
dining & public transportation. ** Home needs some TLC but
will be great for a potential buyer who is willing to put in the
time to build their dream home. FHA, Freddie Mac & Fannie Mae rehab
loans are available with as little as 3.5% down which can include
the purchase price and all rehab costs. And VA rehab with no money
down.
Unit Size
1,199 Ft²
Days on Market
52 days
Land Size
0.12 acres
Price per sqft
$417
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1951
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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: 13 months ago (SDMLS #NDP2211416)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 13, 2023 | Sold | ||
| Sold | |||
| Nov 19, 2022 | Listed by RE/MAX Connections | $500,000 | |
| Listed by RE/MAX Connections | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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Status
Status
Type
Beds
Baths
ft²
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Asking Price
Listed On
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Sold On
Sold On
HOA + Taxes
About Lemon Grove
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Dennis Smith, RE/MAX Connections
Last Updated: 13 months ago
Data Source: CRMLS, MLS# NDP2211416
Last Updated: 13 months ago
Data Source: CRMLS, MLS# NDP2211416
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