Lemon Grove, CA 91945,7560 North Ave
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Lemon Grove, CA 91945,7560 North Ave
Lemon Grove, CA 91945,7560 North Ave

$1,527,500

Est. payment /mo

$1,590,000

3.9%
Est.Price: ?

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7560 North Ave Lemon Grove, CA 91945

SOLD DATE : 04/20/2020

Key Details

Sold Price $1,527,500

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 200014129

Sold Date 04/20/20

HOA Y/N No

Property Description

**Seller financing available with 50% down for up to 1 year with interest only payments** 7560 North Ave is a fantastic 11 units apartment building in the heart of Lemon Grove. The entire property is in need of remodeling/repairs and is currently vacant. Perfect for an investor looking for a fixer without the hassle of removing tenants in accordance with new rent control laws. The upside value is overwhelming with large units, possible development opportunities and obtaining market rents immediately. Per the tax record the subject property is 11 units, but one unit may or may not be permitted. Buyer to verify all permits and building is sold "AS-IS, WHERE-IS". Financing must be cash only or hard money loans per the condition of the property.

Location

State CA

County San Diego

Area 91945 - Lemon Grove

Interior

Fireplace No

Others

Tax ID 4800217600

Financing Other

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California Regional MLS (CRMLS)
Listed by Krista Berger • KB Investments
Bought with Weston Card • Pacific Coast Commercial

Engel & Völkers Palm Desert

Broker | License ID: d24350

+1(909) 327-2223

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