3148-50 Florine Drive

    Lemon Grove, CA 91945
    • $849,000
    • STATUS: SOLD
    • ON SITE: 86 days
    • ID#: 180047998
    Sold - 10/03/2018
    $849,000
    SOLD - 10/03/2018
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1958
    County:

    School Ratings & Info

    Description

    This property is situated on an 8,429sqft lot with 2,613sqft of improved space with a highly desirable unit mix of two 750sqft 2BR/1BA units and an 1,100sqft 2BR/1.5BA townhome style unit. Each unit has a washer and dryer and large fenced yard. Renovations include new kitchens with modern white cabinets, quartz counters and new appliances; bathrooms with new vanities and tile surround bathtubs, wood-tile flooring or new carpet, canned lighting and six panel interior doors. HIGH CASHFLOW RENOVATED ASSET!

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 San Diego MLS, Inc. Licensed in the state of California.
    www.triolorealty.com/homes/86931327

    3148-50 Florine Drive Lemon Grove, CA 91945

    • Price: $849,000
    • Status: SOLD
    • ID#: 180047998
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1958
    Built
    Neighborhood:
    Lemon Grove
    County:
    San Diego
    Area:
    Lemon Grove (91945)
    Property Description
    This property is situated on an 8,429sqft lot with 2,613sqft of improved space with a highly desirable unit mix of two 750sqft 2BR/1BA units and an 1,100sqft 2BR/1.5BA townhome style unit. Each unit has a washer and dryer and large fenced yard. Renovations include new kitchens with modern white cabinets, quartz counters and new appliances; bathrooms with new vanities and tile surround bathtubs, wood-tile flooring or new carpet, canned lighting and six panel interior doors. HIGH CASHFLOW RENOVATED ASSET!
    Exterior Features

    Exterior Stone Fencing Full Frontage N/K Irrigation N/K Parking For RV None Known Parking Garage Desc Unit1 N/K Parking Garage Desc Unit2 N/K Parking Garage Desc Unit3 N/K Parking Garage Desc Unit4 N/K Parking Non Garage Desc Unit1 None Known Parking Non Garage Desc Unit2 None Known Parking Non Garage Desc Unit3 None Known Parking Non Garage Desc Unit4 None Known Pool N/K Pool Heat None Known Roof Composition Site Corner Lot Spa N/K Spa Heat None Known Topography Level Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Units With Garages 1 Units With Patios 3 View N/K

    Interior Features

    Bedrooms Unit1 2 Bedrooms Unit2 2 Bedrooms Unit3 2 Cooling N/K Full Baths Unit1 1 Full Baths Unit2 1 Full Baths Unit3 1 Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 1 Heat Equipment Wall/Gravity Heat Source Natural Gas Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 2 Total Baths Unit4 0 Unit1 Estimated Sq Ft 750 Unit1 Laundry Hook Ups Yes Unit2 Estimated Sq Ft 750 Unit2 Laundry Hook Ups Yes Unit3 Estimated Sq Ft 1100 Unit3 Laundry Hook Ups Yes Units With Cooling 1 Units With Dishwashers 0 Units With Dryers 3 Units With Fireplaces 1 Units With Range Oven 3 Units With Refrigerators 3 Units With Washers 3 Water Heater Type Gas

    Property Features

    Actual Cap Rate 6.52 Additional Property Use N/K Age Restrictions N/K Annual Expense Actual 20749 Annual Expense Projected 20749 Association ID San Diego Association Of Realtors (Sdar) Buildings 1 Cfd Mello Roos Fee 0 Community Lemon Grove Complex Features N/K Complex Park N/A Cross Streets Central Ave Gross Rent Multiplier Actual 10.8 Gross Rent Multiplier Project 10.1 Gross Scheduled Income Actual 8480 Gross Scheduled Income Project 83940 Home Owners Assoc Fee Includes N/K Home Owners Fees 0 Mandatory Remarks None Known Market Area East County Monthly Total Fees 0 Net Operating Income Projected 60673 Other Fee Type N/K Other Fees 0 Other Income Actual 0 Possession Close Of Escrow Projected Cap Rate 7.15 Projected Other Income 0 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Telecommunications Cable (Coaxial) Tenant Pays Cable TvElectricityGas/Propane Terms Cal VetCashConventionalExchangeFhaVa Unit Number For Unit1 3148 Unit Number For Unit2 3150 A Unit Number For Unit3 3150 B Unit Number4 N/A Unit1 Deposit 2900 Unit1 Occupied Tenant Unit1 Rent Actual 2150 Unit2 Deposit 1895 Unit2 Occupied Tenant Unit2 Projected Rent 2150 Unit2 Rent Actual 1895 Unit3 Deposit 2495 Unit3 Occupied Tenant Unit3 Projected Rent 2495 Unit3 Rent Actual 2495 Water Meter On Property

    Listing provided courtesy of South Coast Commercial, Inc.. Listing information © 2018 San Diego MLS, Inc.
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2018 San Diego MLS, Inc. Licensed in the state of California.
     
    Keller Williams - Triolo Realty Group
    12780 High Bluff Drive, Suite 130
    San Diego CA, 92130