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7573 Mt Vernon

Lemon Grove, CA 91945
  • $875,000
  • STATUS: Active
  • ON SITE: 18 Days
  • ID#: SB26085299
UPDATED: 204 min ago
$875,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1960
County:

School Ratings & Info

Listing Agent(s): Anthony (Tony) Rogondino of Vista Sotheby’s International Realty (310-349-3000)


Description

Well-maintained duplex located in Lemon Grove, offering a strong unit mix of two spacious 3-bedroom, 1.5-bath units, each approximately 1,000 square feet. The lower unit has been recently renovated and includes washer and dryer hookups, while the upper unit remains in original condition, featuring a private patio and its own washer and dryer hookups—providing clear upside potential Situated on a large triangle shaped lot, the property offers potential for additional development, including ADU possibilities (buyer to verify all information and conduct their own due diligence; seller makes no guarantees). Conveniently positioned in a residential neighborhood with close proximity to public transportation, schools, shopping, and easy access to the 94 freeway, making it attractive to tenants and commuters alike. This is an excellent opportunity for investors seeking stable income with value-add potential.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-13T00:28:59.053. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Empire Properties. Licensed in the State of California, USA.
www.inlandempiresold.com/homes/175763318
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7573 Mt Vernon Lemon Grove, CA 91945

  • Price: $875,000
  • Status: Active
  • On Site: 18 Days
  • Updated: 204 min ago
  • ID#: SB26085299
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1960
Built
Neighborhood:
Lemon Grove
County:
San Diego
Area:
91945 - Lemon Grove
Property Description
Well-maintained duplex located in Lemon Grove, offering a strong unit mix of two spacious 3-bedroom, 1.5-bath units, each approximately 1,000 square feet. The lower unit has been recently renovated and includes washer and dryer hookups, while the upper unit remains in original condition, featuring a private patio and its own washer and dryer hookups—providing clear upside potential Situated on a large triangle shaped lot, the property offers potential for additional development, including ADU possibilities (buyer to verify all information and conduct their own due diligence; seller makes no guarantees). Conveniently positioned in a residential neighborhood with close proximity to public transportation, schools, shopping, and easy access to the 94 freeway, making it attractive to tenants and commuters alike. This is an excellent opportunity for investors seeking stable income with value-add potential.
Exterior Features

Entry Level 1 Entry Location 1 Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 2 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes Spa Features None Spa YN No

Interior Features

Common Walls 1 Common Wall Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 5.21 Common Interest None Community Features Valley Garage YN No Gross Income 64680 Gross Scheduled Income 64680 Insurance Expense 1200 Land Lease YN No Laundry Features Washer Hookup Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Net Operating Income 45554 New Construction YN No New Taxes Expense 10500 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Number Of Units Leased 2 Operating Expense 16872 Property Sub Type Duplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Supplies Expense 500 Tenant Pays ElectricityGas Total Actual Rent 5390 Trash Expense 2000 Vacancy Allowance Rate 3 Water Sewer Expense 2986 Water Source Public Zoning R2



Based on information from California Regional Multiple Listing Service, Inc. as of 2026-05-13T00:28:59.053. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Empire Properties. Licensed in the State of California, USA.
 
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RE/MAX Empire Properties
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Hemet CA, 92545
Listing Agent(s): Anthony (Tony) Rogondino of Vista Sotheby’s International Realty (310-349-3000)