NOT LISTED FOR SALE

418 Grand Ave Spring Valley, CA 91977

8 Beds
4 Baths
4,200 Sq Ft
1965 Built

Last Sold October 03, 2022

Last sale price $1,387,500 $330 Per Sq Ft

31 Days on Market

About This Home

As of October 2022

BEST CASHFLOW ON THE MARKET! Four turnkey spacious townhome style units. Units are huge, 1050 SF 2BR 1BA units, each with their own private patio. Laundry facilities on site, as well as ample surface parking with 8 spots. Property is being sold alongside 412 Grand Ave (MLS ID: 220015407) - carbon copy property on adjoining lot. Tenants pay 100% of all utilities through RUBS, and with strong rents this property yields tremendous cashflow. Units are all well maintained with many upgrades, such as vinyl flooring in all. Pride of ownership property that has been kept in meticulous condition. Sprucing and freshening up of units will lead to peak market rents. Lastly, large lots allow for ADU additions.

Last Agent to Sell the Property

Florian Sighe

The Browar Group License #02072593 Listed on: 06/17/2022

Last Buyer's Agent

Florian Sighe

The Browar Group License #02072593 Listed on: 06/17/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Home Design

  • Composition Roof
  • Stucco Exterior

Additional Features

  • 2-Story Property
  • Partially Fenced Property

Listing and Financial Details

  • Tenant pays for sewer, trash, electricity, gas/propane
  • Assessor Parcel Number 584-480-50-00

Community Details

Overview

  • 4 Units
  • Spring Valley Community

Building Details

  • Net Operating Income $62,796

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: East County
  • Cross Street: Grand
  • Neighborhood: Spring Valley
  • Stories: 2 Story
  • Sale Price List Price: 0.99
  • Total Stories: 2
  • Year Built: 1965
  • Allow Comments Review: Yes
  • Internet Address Field: Full Address
  • Internet Syndication Y N: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Exterior Features

  • Exterior Material: Stucco
  • Fencing: Partial
  • Roof: Composition

Condo/Co-op/Association

  • Complex Name: Spring Valley
  • Community: SPRING VALLEY

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Assessor Parcel Number: 584-480-50-00

Rental Info

  • Tenant Pays: Sewer, Trash, Electricity, Gas/Propane

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 62796
  • Gross Rent Multiplier Actual: 14.0
  • Number Of Buildings: 1
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4

Range of Values:

--
Value Increase
--
Percent Increase
--
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
10/03/2022 10/03/22 Sold $1,387,500 -0.9% $330 / Sq Ft
07/19/2022 07/19/22 Pending -- -- --
06/17/2022 06/17/22 For Sale $1,400,000 -- $333 / 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 $18,643 $1,443,555 $832,320 $611,235
2024 $18,643 $1,415,250 $816,000 $599,250
2023 $18,067 $303,358 $242,691 $60,667
2022 $5,391 $303,358 $242,691 $60,667
2021 $6,239 $297,411 $237,933 $59,478
2020 $11,122 $816,000 $428,400 $387,600
2019 $5,040 $288,592 $230,877 $57,715
2018 $4,810 $282,934 $226,350 $56,584
2017 $4,619 $277,387 $221,912 $55,475
2016 $4,392 $550,000 $240,000 $310,000
2015 $4,353 $267,866 $214,294 $53,572
2014 $4,292 $262,620 $210,097 $52,523
Source: Public Records

Agents Affiliated with this Home

  • Florian Sighe

    Seller's Agent in 2022

    Florian Sighe

    The Browar Group

    (619) 894-3030

    3 in this area

    49 Total Sales

    Florian Sighe
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Map

Source: San Diego MLS

MLS Number: 220015406

San Diego MLS

APN: 584-480-50-00

California San Diego County Spring Valley 91977

418 Grand Ave, Spring Valley, CA

Not Listed for Sale

MultiFamily

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