1532-36 Madera St - Apartments FOR SALE


Lemon Grove, CA 91945
$850,000 USD
858-245-5848
1532-36 Madera St, Lemon Grove, CA for Sale
$850,000 USD
Apartments - FOR SALE
1/10
null | 4.4% Cap Rate

1532-36 Madera St
Lemon Grove, CA 91945


HIGHLIGHTS

  • RENOVATED: 2024, updated bathroom, kitchen, new fixtures
  • LARGE DUPLEX: Two 750 SF 2-bedroom, 1-Bathroom Units. Heat and AC
  • SPACIOUS LOT: 11,435 SqFt, with large gated backyards with covered patios

OVERVIEW

Cushman & Wakefield is delighted to present the Madera Street Duplex, a fully modernized property in the desirable Lemon Grove area of San Diego. This rare, fee-simple asset is ready for acquisition, free of debt encumbrances, and sits in one of the region’s strongest rental markets. Originally built in 1970 and extensively renovated in 2024, the property consists of two 750-square-foot, 2-bedroom, 1-bathroom units, each designed with tenant comfort and style in mind. Positioned on a spacious 11,435-square-foot lot, the Madera Street Duplex boasts both practicality and appeal, offering four off-street parking spaces, two private garages with laundry hook-ups, and expansive, gated backyards with covered patios for outdoor enjoyment. Inside, each residence features a contemporary kitchen, a fully updated bathroom, new fixtures, modern appliances, ceiling fans, wall heaters, and air conditioning. The property is separately metered for gas and electricity, keeping operating expenses manageable for the owner

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$567 USD /SF

# OF UNITS

2

PRICE/UNIT

$425,000

CAP RATE

4.4%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Madera Street Duplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,435 SF

ZONING

R-2: Minor Multiple

APN/PARCEL ID

576-240-36-00

ASK ABOUT THIS PROPERTY

Mike BiddickCushman & WakefieldMore Info
858-245-5848

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Mike BiddickCushman & WakefieldMore Info
858-245-5848

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.