1
Map
$474,000
●
House -
Off Market
8159 Mt Vernon
Lemon Grove, CA 91945
3 Beds
2 Baths
1,304 Ft²
$773,915
RealtyHop Estimate
62.93%
Since Feb 1, 2019
CA-San Diego
Primary Model
About This Property
Fixer Upper Opportunity ready for your vision/touch. Two homes, two
addresses & separate 2 car garage sit on this HUGE 36,000 sqft lot.
Front house features 2 bedrooms, 1 bathroom, & plenty of the
original 1956 charm. Back house permitted in 2008 and has great
income generating potential to supplement your mortgage. Situated
on a nice wide street, with a newer sidewalk for walking, blocks to
Mt. Vernon Elementary and Lemon Grove's main street/downtown area,
and a quick drive to the 94 and 125 freeways. Some of the
options to look into for this home- Fix up and live in one and
supplement the mortgage payment with the rental. Fix up and flip.
Fix up and rent. Connect the two living structures for a larger
home and build the second home on the massive back of the lot. Lot
split? Need room for a workshop, RV/Boat parking, extra storage?
The opportunities are endless.. Neighborhoods: Lemon Grove
Equipment: Dryer, Range/Oven, Washer Other Fees: 0 Sewer:
Sewer Connected Topography: LL
Unit Size
1,304 Ft²
Days on Market
47 days
Land Size
-
Price per sqft
$364
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
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Cap Rate Calculator
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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: 4 months ago (SDMLS #180067376)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 29, 2019 | Sold | ||
| Sold | |||
| Dec 13, 2018 | Listed by Douglas Elliman of California | $475,000 | |
| Listed by Douglas Elliman of California | |||
Property Highlights
Comparables
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Type
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HOA + Taxes
About Lemon Grove
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Listed by: Mary Aronoff, Douglas Elliman of California
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 180067376
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 180067376
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