$3,995,000 Price Analysis   ♡   Spring Valley, CA 91977 2 bed 1 bath 8,840 SqFt ($451/SqFt) 0.23 acre lot. Built 1965 Listed 2024-02-01, Taxes $34,420 | Ⓧ USDA Ineligible due to price & location near Spring Valley |
Lots of real estate and income for the money!
A fully gated and le ased 10-unit condo style apartment building. Desirable unit mix with larger 8 (2 bed / 1.5 Baths and two extra-large (1 bed / 1 bath, all 10 units have recent interior improvements, The complex offers investors the opportunity to purchase a pride of ownership well-maintained property with tremendous upside in San Diego's most desirable and affordable neighborhood.
Investors can purchase the asset, decrease expenses through increased rents and create a well cash-flow asset in one of San Diego best performing markets. This is a rare opportunity for an investor to enjoy a stream of income in a highly desirable area. There is a laundry room currently in use that yields additional income This asset represents a unique offering with immediate value-add upsde. All reasonable offers will be considered. Submit your offer today. Youll be glad you did.
Presented by Ed Bustamante at
South Bay Real Estate.
Property MLS #PTP2400621 from CRMLS
Lot Size Acres: 0.2323
Lot Size Source: Assessor
Lot Size Square Feet: 10120
Bedrooms in Unit-1: 2
Total Bathrooms in Unit-1: 1
Tenant Pays: Telephone
Vacancy Allowance: 11472
County: San Diego
Cap Rate: 5.10
Source Property Type: Residential Income
Insurance Expense: 3781.00
Area: 91977 - Spring Valley
Source Neighborhood: 91977 - Spring Valley
New Taxes Expense: 13754.00
Number of Separate Electric Meters: 10
Number of Separate Gas Meters: 10
Number of Separate Water Meters: 1
Parcel Number: 5843605500
Trash Expense: 3600.00
Zoning: Commercial 5+ Units
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2023 | $1,050,000 + $1,500,000 $2,550,000 | $34,420 |
| 2022 | $620,169 + $167,042 $787,211 | $13,753 |
| 2021 | $608,009 + $163,767 $771,776 | $13,691 |
| 2020 | $601,775 + $162,088 $763,863 | $13,053 |
| 2019 | $589,976 + $158,910 $748,886 | $12,854 |
| 2018 | $578,408 + $155,795 $734,203 | $12,274 |
| 2017 | $567,067 + $152,741 $719,808 | $11,793 |
| 2016 | $555,949 + $149,747 $705,696 | $11,218 |
| 2015 | $547,599 + $147,498 $695,097 | $11,119 |
| 2014 | $536,873 + $144,609 $681,482 | $10,959 |
| 2013 | $534,447 + $143,956 $678,403 | $10,941 |
| 2012 | $523,968 + $141,134 $665,102 | $10,682 |
| 2010 | $513,695 + $138,367 $652,062 | $10,402 |
| 2009 | $511,068 + $137,660 $648,728 | $10,401 |
| 2009 | $509,856 + $137,333 $647,189 | $10,401 |
| 2008 | $501,048 + $134,961 $636,009 | $10,006 |
| 2007 | $491,224 + $132,315 $623,539 | $9,630 |
$0
CRMLS
Listed 2024-02-01
$3,995,000
CRMLS
Price Changed 2023-07-10
$3,500,000
CRMLS
Listed 2023-06-20
$3,750,000
CRMLS
Sold 2022-11-22
$2,550,000
Public Record
Sold 2001-10-15
$566,000
Public Record
Sold 1987-02-03
$360,000
Public Record
Year Built: 1965
Building Features: 1
Common Walls: 2+ Common Walls, End Unit
Entry Level: 1
Entry Location: 1
Property Age: 59
Property Attached: Yes
Building Total Stories: 2
Year Built Source: Assessor
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.