Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1737-41 Glencoe Dr Lemon Grove, CA 91945

    Sponsored
    For Sale
    Pending
    $895,000

    MULTI_FAMILY - Lemon Grove, CA

    Property size:
    2,271 SF
    Lot size:
    0.22 Acres
    Days on Market:
    40
    Last Refresh:
    Jan 28 at 1:06 am

    Property Features for 1737-41 Glencoe Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    R-1:SINGLE
    Rooms
    Bedroom 6, Bedroom 2, Bedroom 7, Bedroom 5, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 3, Bathroom 3, Bedroom 4
    Bedrooms
    7
    Bathrooms
    3
    APN
    577-171-22-00
    Size
    2,271 SF
    Lot size
    0.22 Acres

    Building Details

    Year built
    1944
    Floors in Building
    1
    Number of units
    2
    Roof type
    Composition

    We can help!

    Listing Contact
    John M Lieber

    Jaysen Brown Realty (619) 922-1936

    Listing agent John M Lieber (619) 736-1000 License #01825624

    Listing date Dec 20, 2025

    MLS# 250045681 Listing URL

    Copyright © 2025 San Diego MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Two Detached Homes on Lot

    This property features two detached homes situated on a level lot. The front house, identified as 1741, is a single-level home with 3 bedrooms and 1 bathroom, encompassing 975 square feet. It includes a private backyard and private laundry facilities. The interior of the front house features hardwood flooring in most rooms. The back house, identified as 1737, is a single-level home with 4 bedrooms and 2 bathrooms, totaling 1,300 square feet. It was remodeled approximately 10 years ago and features a large, private yard and laundry inside the house. The bedrooms in the back house are spacious, and the living area is open. Both roofs have been replaced in 2025. The property is located in Lemon Grove, CA, within San Diego County, and is zoned R-1:SINGLE. The lot size is 0.22 acres. The property is suitable for use as a duplex, multifamily property, or residential income property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lemon Grove
    County
    San Diego
    State
    California
    Longitude
    -117.0315816
    Latitude
    32.72302066

    Nearby Similar for Sale

    • $875,000

      Lemon Grove Duplex with Views

      Duplex featuring two homes, private yards, and mountain views.
      8046 Sarawak Dr, Lemon Grove, CA 91945
      View Details
    • $1,295,000

      Versatile Commercial/Industrial Opportunity

      Mixed-use property with flexible zoning and recent renovations.
      3495 Vista Ave, Lemon Grove, CA 91945
      View Details
    • $1,295,000

      Cash Flowing Triplex with Upgrades

      Well-maintained triplex with upgrades, cash flow, and expansion potential.
      6816 Central Ave, Lemon Grove, CA 91945
      View Details
    • $1,375,000

      Four Units on Large Lot

      Four large 2-bedroom units on over half acre lot.
      8050 Lemon Grove Way, Lemon Grove, CA 91945
      View Details
    • Contact for pricing
      9,010 SF

      Lemon Grove Industrial Buildings For Sale

      Three industrial buildings totaling 9,010 SF on 0.8 acres.
      7622-7636 North Ave, Lemon Grove, CA 91945
      View Details
    • Contact for pricing
      3,329 SF

      Lemon Grove Industrial Building Available

      3,329 SF industrial building in Lemon Grove, California.
      7636 North Ave, Lemon Grove, CA 91945
      View Details
    • $1,200,000

      Lemon Grove Commercial Property

      Commercial property for sale in Lemon Grove, California.
      2673 Massachusetts Ave, Lemon Grove, CA 91945
      View Details
    • $99,000

      Lemon Grove Specialty Property

      Specialty property available for sale in Lemon Grove, CA.
      7977 Broadway Ave, Lemon Grove, CA 91945
      View Details
    • $3,990,000
      4,700 SF

      Lemon Grove Mixed-Use Investment

      Prime location, high ROI potential.
      7968-70 Broadway, Lemon Grove, CA 91945
      View Details
    • $1,750,000
      3,684 SF

      Lemon Grove Industrial Flex Space

      Owner-user opportunity: 3 buildings, flexible zoning.
      3559 Vista Ave, Lemon Grove, CA 91945
      View Details
    • $1,750,000
      3,684 SF

      Lemon Grove Warehouse Investment

      Prime Industrial Property: Owner-User Opportunity
      3535 Vista Ave, Lemon Grove, CA 91945
      View Details

    FAQs

    What type of property is this?
    Duplex - Two single-level homes on a level lot in Lemon Grove.
    Where is this duplex located?
    The property is located at 1737-41 Glencoe Dr Lemon Grove, CA.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: - Two detached homes on one level lot.; - Back house: **4 bed, 2 bath, 1,300 sq ft single-level home.**; - Both roofs replaced in 2025.
    (619) 922-1000
    Request Owner's contact information
    1737-41 Glencoe Dr Lemon Grove, CA 91945
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1737-41 Glencoe Dr
    Lemon Grove, CA 91945
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1737-41 Glencoe Dr Lemon Grove, CA 91945
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    John M Lieber
    Real Estate License ID: 01825624
    (619) 922-1000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.