For sale Multi-Family Home

Listed Sep 18, 2026

$1,289,000 Est. $8,526/mo

6816 20 Central Avenue

  • 4

    Beds

  • 3

    Baths

  • 2,080

    Sq ft

The story

*THREE RESIDENCES. ONE EXPANSIVE PARCEL. MULTIPLE POSSIBILITIES.* Discover a distinctive multi-residential opportunity in the heart of Lemon Grove. Positioned on an impressive approximately **14,456 sq. ft. parcel (0.33 acres)**, this three-unit property offers an attractive combination of existing income potential, substantial lot size, and long-term investment versatility. The property features **three individual residences** with a combined **4 bedrooms and 3 bathrooms**: one spacious **2-bedroom, 1-bath residence** complemented by two **1-bedroom, 1-bath residences**. Individual addresses**6816, 6818, and 6820 Central Avenue**create a unique multi-unit configuration well suited for a variety of ownership strategies. A **recently replaced roof** adds meaningful value, while separate utility metering provides added convenience and efficiency, including **three electric meters and three gas meters**. Water is serviced through one shared meter, and gas and electric dryer hookups are available. Beyond the residences, the oversized grounds are a standout feature. With approximately **10–15 parking spaces**, the property provides uncommon on-site capacity and an expansive setting that may offer a future owner additional possibilities. Any potential expansion, redevelopment, or alternative use is subject to applicable zoning, permits, and independent verification with the City of Lemon Grove. Ideally positioned near shopping, schools, transportation, major thoroughfares, and neighboring San Diego communities, this property presents a compelling opportunity for an **investor, portfolio builder, or owner-occupant** seeking flexibility and multiple income streams. **Occupy one residence and generate income from the remaining units, or operate all three as part of a long-term investment strategy. With three residences on one substantial parcel, 6816–6820 Central Avenue offers more than rental income it offers options.**

Facts & features

Home type

Multi-Family Home

Year built

1955

Floors

1

Price per sq ft

$620

Included features

  • Lot Information

    Zero To One Unit Acre

Mortgage calculator

Estimated monthly payment

$8,526 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $6,861
  • Property tax $1,289
  • Insurance $376

Includes principal, interest, taxes & insurance.

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Listing Broker

Real Broker

Broker Name

Real Broker

Agent

Douglas Webb

Location

San Diego CA 92124