7680 Lemon Ave, Lemon Grove, California 91945, Lemon Grove, 91945 - 2 bed, 1 bath
ACTIVE$650,000$700/sqft
Est. Value: $646,749
%
FairlyEstimate
7680 Lemon Ave, Lemon Grove, California 91945
2Beds
1Bath
700Sqft
Lot
Price Vs. Estimate
The estimated value ($646,748.745) is $3,251.255 (0%) lower than the list price ($650,000). This property may be overpriced.
Key pros and cons
Top Pros:
Commercial Zoning & Prime Location: The property benefits from commercial zoning and an excellent location with frontage on a main avenue and an alley, just one block from a major retailer (Home Depot), offering high visibility and accessibility for various business ventures.
Top Cons:
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
Compared to the nearby listings
Price:$650.0K vs avg $776.8K ($-126,750)13%
Size:700 sqft vs avg 1,377.5 sqft2%
Price/sqft:$929 vs avg $56697%
More Insights
Built in 1953 (73 years old).
Condition: Built in 1953, this property is over 70 years old with no indication of major renovations. The MLS listing itself identifies 'Age of Property' as a weakness, suggesting outdated systems and finishes. The lack of interior photos, especially for the kitchen and bathroom, implies these key areas are likely original or very dated, requiring substantial rehabilitation. Furthermore, the presence of an unpermitted cabin adds significant legal and financial risk, contributing to the overall poor condition and the need for extensive repairs or demolition to bring the property up to current standards.
Year Built
1953
Close
-
List price
$650K
Original List price
$650K
Price/Sqft
$929
HOA
-
Days on market
-
Sold On
-
MLS number
250046027SD
Home ConditionPoor
Features
View-
About this home
“Great opportunity for business or rental income. Just one block from The Home Depot in Lemon Grove on Broadway Ave, Excellent location, with frontage on both the avenue and the alley. Front unit offers 2 beds/1 bath, plus an additional 1 bed/1 bath cabin in back with separate access. Construction permits for the cabin are unknown Zoning is commercial. Buyer and buyer’s agent to verify all information to satisfy themselves prior to COE.”
J
Juana Reyes
Listing Agent
Condition Rating
Poor
Built in 1953, this property is over 70 years old with no indication of major renovations. The MLS listing itself identifies 'Age of Property' as a weakness, suggesting outdated systems and finishes. The lack of interior photos, especially for the kitchen and bathroom, implies these key areas are likely original or very dated, requiring substantial rehabilitation. Furthermore, the presence of an unpermitted cabin adds significant legal and financial risk, contributing to the overall poor condition and the need for extensive repairs or demolition to bring the property up to current standards.
Pros & Cons
Pros
Commercial Zoning & Prime Location: The property benefits from commercial zoning and an excellent location with frontage on a main avenue and an alley, just one block from a major retailer (Home Depot), offering high visibility and accessibility for various business ventures.
Dual Income Potential: Features two separate units (a 2-bed/1-bath front unit and a 1-bed/1-bath cabin with separate access), providing immediate opportunities for multiple rental incomes or a live/work setup.
High Visibility & Accessibility: Strategic frontage on both a main avenue and an alley significantly enhances its commercial appeal and ease of access for customers or tenants.
Versatile Use: The commercial zoning combined with existing residential structures allows for a wide range of uses, from retail or office space to multi-unit residential rentals or a combination thereof.
Proximity to Major Retailer: Being one block from The Home Depot ensures consistent foot and vehicle traffic, which is highly beneficial for any commercial enterprise.
Cons
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
Unpermitted Cabin Construction: The unknown status of construction permits for the rear cabin presents a significant legal and financial risk, potentially requiring costly remediation, permits, or demolition.
Limited Square Footage: With only 700 sqft, the property's small size may restrict the scope of commercial operations or the potential rental income for residential use, especially for two units.
Age of Property: Built in 1953, the property is older, suggesting potential needs for significant updates, repairs, or renovations to meet modern commercial standards or residential tenant expectations.