NOT LISTED FOR SALE

2911-17 Central Ave Spring Valley, CA 91977

4 Beds
4 Baths
2,000 Sq Ft
0.26 Acres

Last Sold December 07, 2021

Last sale price $962,500 $481 Per Sq Ft

88 Days on Market

Highlights

  • Property is near park
  • Cooling System Mounted To A Wall/Window
  • Partially Fenced Property
  • No HOA
  • Laundry Room
  • 1-minute walk to Goodland Acres Park

About This Home

As of December 2021

BACK ON MARKET AT NO FAULT TO SELLER!! Buyer did not perform. 4-UNIT INVESTMENT OPPORTUNITY AWAITS! Perfect for the first time investor or someone completing a 1031 Exchange. Recent updates include, new asphalt driveway and parking, new covered porches, exterior paint and roof coating. Each unit is approximately 500sf with 1 bedroom/1 bath. All units with beautiful laminate floors throughout. All units are on separate gas & electric meters. Private laundry and a backyard available for each unit. Off street parking for the complex with plenty of parking. This is one that you don't want to miss. Easy to manage & centrally located in the county. Rent potential above $1,600/month. See attached Proforma in Document Section.

Last Agent to Sell the Property

Amy Worley

Bluesage Properties, Inc License #02020502 Listed on: 08/06/2021

Last Buyer's Agent

Oscar Paz

House To Home Realty License #01068271

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 0.26 Acre Lot
  • 1 Common Wall
  • Partially Fenced Property
  • Level Lot
  • Sprinkler System

Home Design

  • Property Attached
  • Composition Roof
  • Wood Siding
  • Stucco

Interior Spaces

  • 2,000 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Location

  • Property is near park
  • Suburban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace

Listing and Financial Details

  • Tax Lot 53,54
  • Tax Tract Number 1685
  • Assessor Parcel Number 5032734800

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units
  • N/K

Building Details

  • 3 Leased Units
  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,327
  • Trash Expense $1,680
  • Water Sewer Expense $3,637
  • New Taxes Expense $6,832
  • Operating Expense $21,351
  • Gross Income $72,840
  • Net Operating Income $51,489

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 5.20
  • Park Name: N/K
  • Property Attached: Yes
  • Subdivision Name Other: SPRING VALLEY
  • Water Sewer Expenses: 3637.00
  • Zoning: Commercial
  • Property Type: Residential Income
  • Parcel Number: 5032734800
  • Year Built: 1950
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 481.25

Exterior Features

  • Fence: Yes
  • Fencing: Partial
  • Pool Private: No
  • Roof: Composition
  • Construction Materials: Stucco, Wood Siding

Utilities

  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Outside, Washer Hookup, Gas Dryer Hookup
  • Sewer: Public Sewer
  • Trash Expense: 1680.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights, Suburban

Lot Info

  • Land Lease: No
  • Lot Features: Level, Park Nearby, Sprinkler System
  • Lot Size Sq Ft: 11325.60
  • Lot Size Acres: 0.2600

Multi Family

  • Gross Income: 72840.00
  • Gross Scheduled Income: 72840.00
  • Insurance Expense: 1327.00
  • Lot Size Area: 0.2600 Acres
  • Net Operating Income: 51489.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 4
  • Number With Patio: 4
  • Number With Range: 4
  • Operating Expense: 21351.00
  • Rent Control: No
  • Total Expenses: 21351.00

Tax Info

  • New Taxes Expense: 6832.00
  • Tax Lot: 53,54
  • Tax Tract Number: 001685
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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
12/07/2021 12/07/21 Sold $962,500 -0.7% $481 / Sq Ft
11/02/2021 11/02/21 Pending -- -- --
10/18/2021 10/18/21 Price Changed $969,000 -1.0% $485 / Sq Ft
10/13/2021 10/13/21 For Sale $979,000 0.0% $490 / Sq Ft
09/27/2021 09/27/21 Pending -- -- --
08/28/2021 08/28/21 Price Changed $979,000 -2.0% $490 / Sq Ft
08/06/2021 08/06/21 For Sale $998,950 -- $499 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $13,777 $1,021,412 $610,194 $411,218
2024 $13,777 $1,001,385 $598,230 $403,155
2023 $13,338 $981,750 $586,500 $395,250
2022 $8,997 $611,689 $428,880 $182,809
2021 $8,929 $599,696 $420,471 $179,225
2020 $8,551 $593,548 $416,160 $177,388
2019 $8,424 $581,910 $408,000 $173,910
2018 $8,124 $570,500 $400,000 $170,500
2017 $2,675 $111,035 $42,975 $68,060
2016 $2,511 $108,859 $42,133 $66,726
2015 $2,485 $107,225 $41,501 $65,724
2014 $2,462 $105,126 $40,689 $64,437
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2105593

California Regional Multiple Listing Service (CRMLS)
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