Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1950
Sq.Footage
N/A
Discover a rare three-unit income property in the heart of Lemon Grove—completely free of HOA restrictions. All units are spacious 2-bedroom, 1-bathroom layouts, including a converted garage that creates valuable extra living space. The main home sits at the front and currently rents for $2,500/month, while the two detached ADUs—each with its own address—bring in $2,100 and $2,200/month. With long-term tenants already in place on annual leases, investors benefit from immediate, stable cash flow from day one. The main residence is a charming single-story home filled with natural light, original built-ins, and mature landscaping that offers both character and privacy. A fully fenced yard and functional layout enhance tenant livability and retention, while the property still provides upside through future cosmetic updates or repositioning. Centrally located near freeways, shopping, and dining, this asset is ideal for an investor seeking reliable returns in a strong rental market—or for an owner-occupant who wants to live in one unit while offsetting their mortgage with steady rental income from the others.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
N/A
-
Heating YN
YES
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Pool
No
Area & Lot
-
Property Type
Residential Income
Price
-
Sales Price
$1,200,000
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
1
-
Senior Community YN
NO
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Location
County
San Diego
Elementary School
Middle School
High School
Listing Courtesy of Jason Lee , Nara Advisors, Inc.
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