
Lemon Grove, California 91945
This Commercial Value-Add Asset is listed at $650,000, representing a stable entry point at its $646,749 Fair Market Value. Currently holding a Condition Rating of 5, the property requires substantial rehabilitation but offers exceptional utility via its Commercial Zoning and Dual Income Potential. The 700 sqft primary residence is augmented by a secondary cabin, providing a versatile footprint for business or rental use. Located one block from Home Depot with dual-street frontage, this property is a high-utility acquisition for Commercial Developers or Buy-and-Hold Investors.
Property is extensive renovation needed.
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 The MLS listing itself identifies 'Age of Property' as a weakness, suggesting outdated systems and finishes.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.
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.
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.
Strategic frontage on both a main avenue and an alley significantly enhances its commercial appeal and ease of access for customers or tenants.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 1.
The unknown status of construction permits for the rear cabin presents a significant legal and financial risk, potentially requiring costly remediation, permits, or demolition.
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.
“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.”
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 14% |
| Baths | 1.0 | 2.0 | 14% |
| Square foot | 700 | 1,390.5 | 2% |
| Lot Size | - | 6,450 | 22% |
| Price | $650.0K | $765.0K | 18% |
| Price per sq ft | $929 | $542 | 98% |
| Built year | 1953 | 1958 | 34% |
| HOA | $0 | $0 | 50% |
| Days on market | 123 | 156 | 40% |
Dec 20, 2025
$650,000
Initial Listing