2673 Massachusetts Ave , Lemon Grove, CA 91945
$1,200,000
Est. Payment: $6,059.65/mo
6 Bed
3 Bath
0 Sqft
Status: pending | Days on site: 113
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

Discover a rare three-unit income property in the heart of Lemon Grove—completely free of HOA restrictions. All units are spacious 2-bedroom, 1-bathroom layouts, including a converted garage that creates valuable extra living space. The main home sits at the front and currently rents for $2,500/month, while the two detached ADUs—each with its own address—bring in $2,100 and $2,200/month. With long-term tenants already in place on annual leases, investors benefit from immediate, stable cash flow from day one. The main residence is a charming single-story home filled with natural light, original built-ins, and mature landscaping that offers both character and privacy. A fully fenced yard and functional layout enhance tenant livability and retention, while the property still provides upside through future cosmetic updates or repositioning. Centrally located near freeways, shopping, and dining, this asset is ideal for an investor seeking reliable returns in a strong rental market—or for an owner-occupant who wants to live in one unit while offsetting their mortgage with steady rental income from the others.

Highlights

Listed by Jason Lee , 760-840-7073 Nara Advisors, Inc. , 858-336-9688. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Year Built

1950

County

San Diego

Area

91945 - Lemon Grove

Neighborhood

Lemon Grove

Listing ID

250039580SD

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:6
  • Bathrooms:3
  • Full Bathrooms:
Air Cond:See Remarks
Fireplaces:

Exterior Features

Lot:No Land Lease
Garage Capacity:0
Others:2+ Total Units
Principal Interest
$6,060
Taxes
$765

Home Price

$1,200,000

Loan Details

30 yrs
6.487%

Down Payment

20%
$240,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$6,059.65

Principal

Taxes

Principal Taxes HOA Total
Monthly $6,059.65 $765.00 $0.00 $6,824.65
Yearly $72,715.77 $9,180.00 $0.00 $81,895.77
Total $2,181,473.23 $275,400.00 $0.00 $2,456,873.23

Today's Rates

30 Year

6.49%

20 Year

6.28%

15 Year

5.8%

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Market insight data is pulled from the same city as the listing being viewed (Lemon Grove, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-08-10T22:37:46.000Z

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