NOT LISTED FOR SALE

1005 Gillespie Dr Spring Valley, CA 91977

8 Beds
4 Baths
2,912 Sq Ft
7,882 Sq Ft Lot

Last Sold December 29, 2020

Last sale price $884,000 $304 Per Sq Ft

7 Days on Market

Highlights

  • Corner Lot
  • Laundry Facilities
  • Gated Home

About This Home

As of December 2020

Well maintained and money maker in a highly desirable rental market neighborhood. All units are 2 bedrooms, huge 7,405sf lot size providing for off street parking and fenced play area and a common onsite laundry room. Drive by and please do not disturb tenants who do not know property is for sale. Interior of property is shown only with an accepted offer. This 4-plex represent a fantastic opportunity for investors or first time home buyers alike!

Last Agent to Sell the Property

Dave Hastings

Keller Williams La Jolla License #00954304 Listed on: 11/10/2020

Keller Williams La Jolla

Last Buyer's Agent

Melvina Selfani

Century 21 Affiliated License #01311871

Century 21 Affiliated

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Lot Details

  • 7,882 Sq Ft Lot
  • Gated Home
  • Property is Fully Fenced
  • Corner Lot
  • Sprinkler System

Home Design

  • Rolled or Hot Mop Roof
  • Stucco Exterior

Interior Spaces

  • 2-Story Property

Utilities

  • Gravity Heating System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas/propane
  • Assessor Parcel Number 584-061-28-00

Community Details

Overview

  • 4 Units
  • Gillespie Community

Additional Features

  • Laundry Facilities
  • Net Operating Income $36,590

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: East County
  • Cross Street: St George
  • Neighborhood: Spring Valley
  • LP / Sq Ft: 82.72
  • Stories: 2 Story
  • Sale Price List Price: 0.98
  • Total Stories: 2
  • Year Built: 1977
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: Yes
  • Prkng Non Garage Spac U1: 2
  • Prkng Non Garage Spac U2: 2
  • Prkng Non Garage Spac U3: 2
  • Prkng Non Garage Spac U4: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Full, Gate
  • Roof: Rolled/Hot Mop

Utilities

  • Water Heater Type: Gas
  • Heat Equipment: Wall/Gravity

Condo/Co-op/Association

  • Complex Name: Gillespie
  • Community: SPRING VALLEY
  • Complex Features: Laundry Facilities
  • Manager Name: Cethron Property Mgmt
  • Manager Phone: 619-295-1100

Lot Info

  • Irrigation: Sprinklers
  • Lot Size: 7,500-10,889 SF
  • Site: Corner Lot, Curbs, Public Street, Sidewalks, Street Paved
  • Zoning: R-4:MULTIP
  • Assessor Parcel Number: 584-061-28-00
  • Estimated Lot Sq Ft: 7882
  • Estimated Number of Acres: 0.18
  • Map Code Column: A
  • Map Code Page: 1291
  • Map Code Row: 3

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 36590
  • Gross Rent Multiplier Actual: 15.0
  • Gross Rent Multiplier Projected: 12.75
  • Number Of Buildings: 1
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
  • Other Income Actual: 480
  • Other Income Projected: 500.0

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2020 12/29/20 Sold $884,000 -1.7% $304 / Sq Ft
11/19/2020 11/19/20 Price Changed $899,500 +5.9% $309 / Sq Ft
11/18/2020 11/18/20 Pending -- -- --
11/10/2020 11/10/20 For Sale $849,500 -- $292 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,034 $956,867 $324,729 $632,138
2024 $13,034 $938,106 $318,362 $619,744
2023 $12,617 $919,713 $312,120 $607,593
2022 $12,397 $901,680 $306,000 $595,680
2021 $12,288 $884,000 $300,000 $584,000
2020 $8,008 $546,378 $90,076 $456,302
2019 $7,889 $535,665 $88,310 $447,355
2018 $7,600 $525,163 $86,579 $438,584
2017 $7,369 $514,867 $84,882 $429,985
2016 $7,052 $504,772 $83,218 $421,554
2015 $6,995 $497,190 $81,968 $415,222
2014 $6,880 $487,452 $80,363 $407,089
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 200051238

San Diego MLS

APN: 584-061-28-00