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6816 Central Avenue, Lemon Grove, California 91945, Lemon Grove, 91945 - bed, bath

6816 Central Avenue, Lemon Grove, California 91945 home-pic-0
ACTIVE$1,375,000
6816 Central Avenue, Lemon Grove, California 91945
0Bed
0Bath
14,456Sqft
14,456Lot
Year Built
1947
Close
-
List price
$1.38M
Original List price
$1.32M
Price/Sqft
$95
HOA
-
Days on market
-
Sold On
-
MLS number
PTP2505907
Home ConditionGood
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.38M(83th), sqft - 14456(83th), beds - undefined(50th), baths - undefined(50th).

This well-maintained multi-family asset features three separate units — offering immediate cash flow and built-in occupancy. Property recent upgrades feature a new roof, updated electrical and the initial steps towards permitting. Ideal for mission-driven investors or owner-occupied operators, the property sits on a spacious lot with ADU potential (buyer to verify), providing a pathway to expand both impact and income. Located in a high-demand area near hospitals, transit, and community resources, the property delivers stable returns with a 6% cap rate. This is a rare chance to own a cash-flowing real estate asset with built-in social value.

Price History

Date
Event
Price
12/15/25
Price Change
$1,375,000+6.2%
11/13/25
Price Change
$1,295,000-0.3%
10/23/25
Price Change
$1,299,000
08/04/25
Listing
$1,325,000
Condition Rating
Good
Built in 1947, this multi-family property has undergone significant recent upgrades, including a new roof and updated electrical system. The visible kitchen features modern white shaker cabinets, new countertops, a contemporary black faucet, and stainless steel appliances, suggesting a renovation within the last 5-15 years. Flooring throughout the units appears to be updated wood-look laminate. While the property's age is a factor and some elements like basic light fixtures and the presence of window AC units (suggesting no central AC) indicate it's not fully modernized, the substantial recent renovations make it move-in ready and well-maintained, aligning with the 'Good' condition criteria.
Pros & Cons

Pros

Cash-Flowing Triplex: Features three separate units, offering immediate rental income and built-in occupancy, making it an attractive investment.
Recent Capital Improvements: Benefits from significant upgrades including a new roof and updated electrical system, enhancing property value and reducing immediate maintenance concerns.
ADU Expansion Potential: Sits on a spacious lot with potential for an Accessory Dwelling Unit, providing a pathway for future income and value growth.
Strong Investment Performance: Advertised with a stable 6% capitalization rate, indicating solid returns for mission-driven investors.
Desirable Location: Situated in a high-demand area with excellent proximity to hospitals, public transit, and community resources.

Cons

Property Age: Built in 1947, the property's age, despite recent upgrades, may still present long-term maintenance considerations or require further modernization beyond stated improvements.
Uncertain ADU Permitting: While ADU potential is noted, the description states 'initial steps towards permitting' and 'buyer to verify,' indicating the process is not finalized and requires further buyer effort and cost.
Recent Price Increase: The listing history shows a recent significant price increase, which could raise questions about market valuation or deter potential buyers sensitive to price fluctuations.

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