2673 Massachusetts Ave, Lemon Grove, CA 91945

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List Price
$1,200,000
Status
PENDING
MLS#
250039580SD
Year Built
1950
Days on Market
91
Property Type
Multifamily
Stories
One Level
Neighborhood
Lemon Grove

Property Description

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.

Additional Information

Cooling
Yes
Cooling Description
See Remarks
Attached Structure
Detached
Number Of Units Total
3

Listing courtesy of Listing Agent: Jason Lee (jlee@greysteel.com) from Listing Office: Nara Advisors, Inc..

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.