Property profile

2673 Massachusetts Ave Lemon Grove, CA 91945

FOR SALE
1031 exchange properties
Property ID
US09-7530390
Built 1950
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Property summary

AI-generated overview

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. bikeScore: 16, Somewhat Bikeable walkScore: 27, Car-Dependent transitScore: 40, Some Transit

Property profile

Verified
Property type 1031 exchange properties
Year built 1950
UPID US09-7530390

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2673 Massachusetts Ave Lemon Grove, CA 91945
Lemon Grove metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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