7034 Mt Vernon Street

Lemon Grove, CA 91945

$949,000
Price
Beds
2,340 Sq. Ft.
$406 / Sq. Ft.
2,340
Sq. Ft.
$406
per Sq. Ft.

Description

Great investment! This is ONE of 3 properties being sold together. Each has their own parcel number and are listed separately. The 3 properties total 6 units that have rent potential of $15k+ per month. The 3 parcels are on their own private street, very well maintained by a trust. Each unit is a 2bd/1bath with 1 car garage, carport, in unit laundry and backyard. Truly great units that rent very easily.Great investment! This is ONE of 3 properties being sold together. Each has their own parcel number and are listed separately. The 3 properties total 6 units that have rent potential of $15k+ per month. The 3 parcels are on their own private street, very well maintained by a trust. Each unit is a 2bd/1bath with 1 car garage, carport, in unit laundry and backyard. Truly great units that rent very easily.
  1. Listed by Tiffany Dixon • DRE #01452658 • Brokerage DRE #01452658 • Picket Fence Homes • tiffany@picketfencehomessandiego.com
  2. Listed by Drea Rose Wilson • DRE #01910333 • Brokerage DRE #01889763 • Keller Williams Realty

Property Details for 7034 Mt Vernon Street

Parking Spaces Total
1
Private Pool
No
Cooling Type
Central Forced Air
Total Units
2.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
2340
Assessor Parcel Number
479-420-27-00

Location

Listing Courtesy of Picket Fence Homes, Tiffany Dixon, DRE #01452658; Keller Williams Realty, Drea Rose Wilson, DRE #01910333
Add your commute
LISTING UPDATED: 05/16/2024 03:54 AM

Property Details for 7034 Mt Vernon Street

StatusActive
MLS #PTP2402596
Days on Market12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1979
Lot Size0.22 AC / 9,736 SF
CountySan Diego County

Location

Listing Courtesy of Picket Fence Homes, Tiffany Dixon, DRE #01452658; Keller Williams Realty, Drea Rose Wilson, DRE #01910333
Add your commute

Building Information for 7034 Mt Vernon Street

Stories1Residences-Year Built1979Building Size-Lot Size0.22 AC / 9,736 SF

Payment Calculator

$5,949 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,179

Property Taxes

$770

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7034 Mt Vernon Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $3,250
  • Gross Scheduled Income: $5,400
  • Net Operating Income: $4,363
  • Cap Rate: 5.52
Expense Details
  • Operating Expense: $1,037
  • New Taxes Expense: $770
  • Electric Expense: $0
  • Insurance Expense: $101
  • Trash Expense: $83
  • Water Sewer Expense: $83
  • Total Expenses: $1,037
Tax / Assessment Info
  • Tax Tract Number: Pm0576
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 05761
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Park
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: In Garage
Exterior Features
  • Entry Location: 1
  • Fence: No
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Cul-De-Sac, Front Yard, Yard
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
Parking Info
  • Garage Spaces: 1
  • Parking: No
  • Parking Garage Spaces: 1
  • Carport Spaces: 0
Unit Information
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Property History for 7034 Mt Vernon Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7034 Mt Vernon Street

Taxable ValueLand$408,000Additions$255,000Total$663,000
Tax Record2023$9,242 ($770 / month)
Home Facts
Total Finished SqFt2,340 SqFtAbove Grade Finished SqFt2,340 SqFtLot Size9,736 SqFtStyleDuplexYear Built1979ZoningR-2:MINOR MULCountySAN DIEGOAPN479-420-27-00

Schools near 7034 Mt Vernon Street

This home is within Grossmont Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 9 to 12
Charter - 9 to 12
Public - 11 to 12
Rating
School
Distance
San Miguel Elementary School
PublicK to 6

Mount Miguel High School
Public9 to 12

Helix High School
Charter9 to 12

Grossmont Middle College High School
Public11 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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7034 Mt Vernon Street is a multi-family home for sale in Lemon Grove, CA 91945. This property was listed for sale on April 19, 2024 by Picket Fence Homes, it's currently listed at $949,000. This listing's school districts are Grossmont Union High School District, Lemon Grove School District. Nearby schools include San Miguel Elementary School, Mount Miguel High School and Helix High School. 7034 Mt Vernon Street is a 0-bed, 0-bath, 2,340 sqft multi-family home built in 1979.

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Listing Courtesy of Picket Fence Homes, Tiffany Dixon, DRE #01452658; Keller Williams Realty, Drea Rose Wilson, DRE #01910333

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