Lemon Grove, CA 91945,3601 Hilltop Dr
Lemon Grove, CA 91945,3601 Hilltop Dr
Lemon Grove, CA 91945,3601 Hilltop Dr
15
$5,575,000
$5,765,000
3.3%
Est.Price: ?

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3601 Hilltop Dr Lemon Grove, CA 91945

Est. payment /mo
SOLD DATE : 04/02/2019

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Key Details

Sold Price $5,575,000

Property Type Commercial

Sub Type MixedUse

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 180053409

Sold Date 04/02/19

HOA Y/N No

Property Description

Hilltop Apartments is an excellent value add opportunity in the up and coming neighborhood of Lemon Grove. The property features 6 stand alone buildings, each containing 4 units, nestled among mature trees and parklike landscaping with walkways throughout. Units are rented under market value due the the condition of the exterior of the building, but with some cosmetic upgrades there is a clear cut opportunity to significantly raise rents and maximize this property’s earning potential. Hilltop Apartments consists of 24 townhome style apartments with a good unit mix of 2 and 3 bedrooms. The floorplans are functional and inviting with all of the common living space downstairs including a dedicated half bathroom and all of the bedrooms upstairs. Each unit is individually metered for electrical. Property features onsite income producing laundry room, maintenance storage area, and large common picnic area. Exterior: ,,

Location

State CA

County San Diego

Area 91945 - Lemon Grove

Interior

Heating WallFurnace

Cooling WallWindowUnits

Fireplace No

Exterior

Roof Type Composition

Others

Tax ID 4991811100

Acceptable Financing Cash

Listing Terms Cash

Financing CashtoNewLoan

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California Regional MLS (CRMLS)
Listed by Daniel Recob • SBMI Group
Bought with Daniel Recob • SBMI Group

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Byron Brown

Realtor | License ID: 01408922

+1(858) 331-2971

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