Properties
Lemon Grove, CA 91945 6816 Central Avenue
$1,400,000
Pending
8 more
Presented By: Veronica Hosey with NB Elite Realty Inc; 909-272-7187
Baths • 1
SQFT • 14,456
Home Details
This well-maintained multi-family asset features three separate units — offering immediate cash flow and built-in occupancy. Property recent upgrades feature a new roof, updated electrical and the initial steps towards permitting. Ideal for mission-driven investors or owner-occupied operators, the property sits on a spacious lot with ADU potential (buyer to verify), providing a pathway to expand both impact and income. Located in a high-demand area near hospitals, transit, and community resources, the property delivers stable returns with a 6% cap rate. This is a rare chance to own a cash-flowing real estate asset with built-in social value.
Presented By: Veronica Hosey with NB Elite Realty Inc; 909-272-7187
Interior Features for 6816 Central Avenue
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Common WallsNo Common Walls
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommon Area, Washer Hookup, Electric Dryer Hookup, Gas Dryer Hookup, Laundry Room, Outside
Total Stories2
Other Rooms
Entry Level1
General for 6816 Central Avenue
Cap Rate6.5
CityLemon Grove
Community FeaturesBiking, Dog Park, Gutter(s), Storm Drain(s), Street Lights, Suburban
CountySan Diego
Directionsmassachuettes/federal
Electric Expense1050
Entry Locationstreet
Garage Spaces
Garage Y/NNo
Gross Income166200
HOANo
HOA Fee$
Insurance Expense14400
Land Lease Y/NNo
Listing TermsCash, Cash to Existing Loan, Conventional, Cal Vet Loan, 1031 Exchange, FHA 203(b), FHA 203(k), FHA, Government Loan, Submit, VA Loan
Lot Size Square Feet14456
Lot Size UnitsSquare Feet
MLS Area91945 - Lemon Grove
Net Operating Income121200
Number Of Units Total3
Number of Units Leased3
Open Parking Spaces10
Operating Expense45000
Pool FeaturesNone
PostalCityLEMON GROVE
Property Attached Y/NNo
Property Sub Type AdditionalTriplex
Property SubtypeTriplex
Property TypeResidential Income
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Tax Lot/13
Taxes$9,950
Tenant PaysJanitorial Service
Total Actual Rent13850
Trash Expense1200
Virtual TourClick here
Water Sewer Expense8500
Year Built1947
Year Built SourceAssessor
ZoningResidential
Exterior for 6816 Central Avenue
Building Area Total14456
Lot Features0-1 Unit/Acre
Lot Size Acres0.3319
Lot Size Area14456
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters1
Private PoolNo
SpaNo
Total Parking10
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
