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 a 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 a 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
  • Price Per Unit: 242250
  • 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

Range of Values:

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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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Amy Worley

    Seller's Agent in 2021

    Amy Worley

    Bluesage Properties, Inc

    (619) 754-4063

    2 in this area

    19 Total Sales

    Amy Worley
    Section Image
  • Oscar Paz

    Buyer's Agent in 2021

    Oscar Paz

    House To Home Realty

    (760) 480-4300

    1 in this area

    16 Total Sales

    Oscar Paz
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2105593

California Regional Multiple Listing Service (CRMLS)
California San Diego County Spring Valley 91977

2911-17 Central Ave, Spring Valley, CA

This home is located at 2911-17 Central Ave, Spring Valley, CA 91977 since 06 August 2021. This property was built in 1950. 2911-17 Central Ave is a home located in San Diego County with nearby schools including Bancroft Elementary School, Spring Valley Middle School, and Monte Vista High School.

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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