NOT LISTED FOR SALE

415 Grand Ave Spring Valley, CA 91977

3 Beds
2 Baths
7,807 Sq Ft
0.33 Acres

Last Sold May 24, 2023

Last sale price $2,180,000 $279 Per Sq Ft

119 Days on Market

About This Home

As of May 2023

ASSUMABLE FINANCING AT 2.84%. 415 Grand Avenue is a 10 unit apartment building located in the community of Spring Valley. The two structures were built in 1978 on a 14,583 square foot lot. The property has strong unit mix of nine 2 Bedroom / 1 Bath units and one 1 Bedroom / 1 Bath unit totaling 7,807 rentable square feet. There are 15+ open parking spaces. These spacious units have upside in rents. The financing can be assumed. $1.3M at 2.84%.

Last Agent to Sell the Property

Benn Vogelsang

NorthMarq Multifamily License #01883437 Listed on: 09/12/2022

Last Buyer's Agent

Benn Vogelsang

NorthMarq Multifamily License #01883437 Listed on: 09/12/2022

Property Details

Home Type

  • Multi-Family

Lot Details

  • 0.33

Parking

  • 16 Parking Spaces

Home Design

Interior Spaces

  • 3 Bedrooms
  • 7,807 Sq Ft Home
  • 2-Story Property

Additional Features

  • 0.33 Acre Lot
  • Number of ADU Units: 9

Listing and Financial Details

  • Total Actual Rent $16,987

Community Details

Overview

  • 2 Buildings
  • 10 Units

Building Details

  • 10 Leased Units
  • Operating Expense $73,608

Property Details

Home Type

Multi-Family

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Stories: 2
  • Property Sub Type: Com-Res Income
  • CapRate: 5.07
  • Co List Office Mls Id: 990885
  • Living Area: 7807.0
  • FeedTypes: IDX
  • RFModificationTimestamp: 2025-03-03T23:45:04Z
  • FullAddress: 415 Grand Avenue
  • NumofLeasedApartments: 10
  • ShortSale: No
  • Special Features: VirtualTour

Interior Features

  • Total Bedrooms: 3

Garage/Parking

  • Total Parking Spaces: 16.0

Lot Info

  • Lot Size Sq Ft: 14583.0

Multi Family

  • Number Of Buildings: 2
  • Number Of Units Total: 10
  • Annual Operating Expense: 73608.0
  • Total Actual Rent: 16987.0

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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List Price
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
05/24/2023 05/24/23 Sold $2,180,000 -11.0% $279 / Sq Ft
01/25/2023 01/25/23 Pending -- -- --
01/03/2023 01/03/23 For Sale $2,450,000 0.0% $314 / Sq Ft
01/02/2023 01/02/23 Pending -- -- --
11/16/2022 11/16/22 Price Changed $2,450,000 -3.9% $314 / Sq Ft
09/27/2022 09/27/22 For Sale $2,550,000 -- $327 / 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 $31,117 $2,268,072 $1,248,480 $1,019,592
2024 $31,117 $2,223,600 $1,224,000 $999,600
2023 $27,381 $1,944,678 $525,588 $1,419,090
2022 $26,880 $1,906,548 $515,283 $1,391,265
2021 $26,657 $1,869,166 $505,180 $1,363,986
2020 $13,587 $810,155 $336,440 $473,715
2019 $13,380 $794,271 $329,844 $464,427
2018 $12,789 $778,698 $323,377 $455,321
2017 $12,300 $763,431 $317,037 $446,394
2016 $11,709 $748,463 $310,821 $437,642
2015 $11,607 $737,222 $306,153 $431,069
2014 $11,437 $722,781 $300,156 $422,625
Source: Public Records

Agents Affiliated with this Home

  • Benn Vogelsang

    Seller's Agent in 2023

    Benn Vogelsang

    NorthMarq Multifamily

    (415) 250-4947

    5 in this area

    103 Total Sales

    Benn Vogelsang
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Map

Source: San Diego MLS

MLS Number: 220024565

San Diego MLS

APN: 584-490-08-00

California San Diego County Spring Valley 91977

415 Grand Ave, Spring Valley, CA

Not Listed for Sale

MultiFamily

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