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7505 07 Mount Vernon Street, Lemon Grove, California 91945, Lemon Grove, - bed, bath

home-pic
ACTIVE UNDER CONTRACT$950,000
7505 07 Mount Vernon Street, Lemon Grove, California 91945
6Beds
4Baths
1,847Sqft
6,774Lot
Year Built
2000
Close
-
List price
$950K
Original List price
$1M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
NDP2503670
Home ConditionExcellent
Features
Patio
View-

About this home

Discover a fully renovated triplex in Lemon Grove, offering a perfect blend of income potential and comfort. This turn-key property features a spacious 2-bedroom, 2-bathroom unit on the main floor, along with two additional 2-bedroom, 1-bathroom units upstairs. Each unit boasts stylish upgrades, including quartz countertops, laminate flooring, and smart locks. The main unit is equipped with a Bosch dishwasher, and all units have efficient mini-split AC systems. Peace of mind comes with a new roof (2022) and solar panels, providing significant energy savings. With renovations completed in 2019 (upper units) and 2024 (lower unit), this property is ready for immediate enjoyment. A large 6,774 sq ft lot offers plenty of outdoor space for future possibilities!

Price History

Date
Event
Price
10/23/25
Price Change
$950,000
04/22/25
Listing
$1,000,000
Neighborhood Comparison
 SubjectAverage HomeNeighbourhood Ranking (5 Listings)
Beds60
33%
Baths40
33%
Square foot1,8471,716
83%
Lot Size6,7747,985
50%
Price$950K$773K
83%
Price per square foot$514$479.5
50%
Built year20009760978
100%
HOA
Days on market196199
50%
Condition Rating
Excellent
This triplex has undergone extensive and very recent renovations, with the lower unit completed in 2024 and upper units in 2019, making it virtually new in terms of interior finishes and major systems. Key upgrades include quartz countertops, modern laminate flooring, smart locks, a Bosch dishwasher, efficient mini-split AC systems, a new roof (2022), and solar panels. The property is described as 'fully renovated' and 'turn-key,' indicating no deferred maintenance and meeting current quality standards.
Pros & Cons

Pros

Income Potential: This triplex offers significant income potential with a spacious 2-bedroom, 2-bathroom main unit and two additional 2-bedroom, 1-bathroom units, ideal for investors or owner-occupants seeking rental income.
Turn-Key & Recent Renovations: The property is fully renovated with upper units updated in 2019 and the lower unit in 2024, providing a turn-key solution with minimal immediate maintenance or upgrade needs.
Energy Efficiency: Equipped with a new roof (2022), solar panels, and efficient mini-split AC systems in all units, the property offers significant energy savings and modern comfort.
Modern Interior Finishes: Each unit boasts stylish upgrades including quartz countertops, laminate flooring, smart locks, and a Bosch dishwasher in the main unit, enhancing tenant appeal and property value.
Large Lot Size: A generous 6,774 sq ft lot provides ample outdoor space and potential for future expansion or development, adding long-term value to the property.

Cons

Active Under Contract Status: The property is currently 'Active Under Contract,' indicating it is likely not available for immediate purchase, which can be a drawback for interested buyers.
Recent Price Reduction: A $50,000 price reduction from the original list price suggests potential overpricing or market resistance, which could impact perceived value or future appreciation.
Lack of Scenic Views: The property explicitly states 'View: None,' which might be a disadvantage for buyers seeking scenic surroundings, potentially limiting its appeal compared to properties with desirable views.

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