2840-2844 Olive St Active Save Request In-Person Tour Request Virtual Tour
Lemon Grove,CA 91945
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Square Footage 1,310 sqft
Price per Sqft $1,095
Subdivision Lemon Grove
MLS Listing ID 240028507
Bedrooms 9
Full Baths 6
HOA Y/N No
Year Built 1947
Lot Size 6,900 Sqft
Property Description
Welcome to this exceptional multi-unit property in Lemon Grove, with a total of four distinct units. Each unit features a private entrance and outdoor living area, fully enclosed by 6-foot vinyl fencing. The property offers six off-street parking spots, with two dedicated spaces per unit. The sale includes a fully permitted, brand-new unit built in 2024, offering 1,109 sq. ft. with three bedrooms and two bathrooms. Additionally, the attach, constructed in 2018, provides 540 sq. ft. with two bedrooms and one bathroom. The main house, originally built in 1947, has undergone multiple expansions, resulting in a total of 1,460 sq. ft. with all but about 800 sq. ft. being new construction. The unit has 3 bedrooms, 2 bathrooms, a side yard with turf, and a gated front yard. There is also an attached 1 bed & 1 bath with a separate private entrance and kitchenette. Each unit is equipped with HVAC or mini-split systems, natural gas tankless water heaters, natural gas dryer and washer hookups, and natural gas ranges. Two units also feature dishwashers. The roofing for all units was updated in either 2018 or 2024. Upgrades throughout the property include vinyl plank flooring, custom cabinetry, quartz countertops, custom tile in all bathrooms, ceiling fans in all rooms, and electronic door locks. The main house boasts a custom shower with a whirlpool tub, custom closets in all bedrooms, EV readiness, pull-down attic stairs, an attic fan, surround sound, and smart home features. All units have durable Hardy board exteriors.
the units are completely independent, accessed via a city-owned alley, while the main house shares one common wall with the 2 bed, 1 bathroom unit. Additional amenities include an RV sewer dump line, pull-down attic stairs for extra storage in the main house, two outdoor patio pergolas, and three storage sheds. The property also features separate electric meters for each unit, with shared water and natural gas, and exterior security cameras for added safety. Turf covers the front and side yards. A significant financial benefit is the potentially assumable FHA loan on the first mortgage, allowing about $527,000 at a 3.188% interest rate, with the loan ending in January 2050. All building plans and permits are available, ensuring compliance and transparency. Located within the Helix High School catchment area, no lottery is required for enrollment.
Location
State CA
County San Diego
Community Lemon Grove
Area Lemon Grove (91945)
Interior
Heating Electric,Natural Gas
Cooling Central Forced Air,Heat Pump(s)
Appliance Forced Air Unit
Exterior
Exterior Feature Vinyl
Fence Full
View Mountains/Hills
Roof Type Composition
Building
Lot Description Alley Access
Story 2
Lot Size Range 4000-7499 SF
Sewer Sewer Connected
Water Meter on Property
Level or Stories 2 Story
Schools
Elementary Schools Lemon Grove School Distict
Middle Schools Lemon Grove School Distict
High Schools Grossmont Union High School District
Others
Acceptable Financing Assumable,Cash,Conventional,FHA,VA
Space Rent $3,682
Listing Terms Assumable,Cash,Conventional,FHA,VA