NOT LISTED FOR SALE

422 Grand Ave Spring Valley, CA 91977

8 Beds
4 Baths
4,000 Sq Ft
6,970 Sq Ft Lot

Last Sold November 25, 2015

Last sale price $551,000 $138 Per Sq Ft

15 Days on Market

Highlights

  • Laundry Facilities
  • Level Lot
  • Wood Siding
  • Gated Home

About This Home

As of November 2015

**Great "Value-Add" Investment Opportunity. Minor repairs with minimal materials will added tremendous value ** All 2br/1bath TOWNHOUSE / CONDO Style units on dead end St.** No tenant above/below. Private backyards w/patio. Central heating in each unit. New Water /Sewer piping in all units. Community laundry room w/coin operated. Fenced front/side yard, private parking lot. Major shopping center in 1.5 miles. Easy access 54, 94, 125 **DON'T MISS THIS GREAT OPPORTUNITY** SEE FINANCIAL BROCHURE ATTACHED** ** SEE ATTACHED or CALL FOR FINANCIAL ANALYSIS BROCHURE **

Last Agent to Sell the Property

Mack Langston

Pacific Coast Commercial License #01110555 Listed on: 10/28/2015

Co-Listed By

Bill Fliflet

MLS-Listing.com License #01095194

Last Buyer's Agent

Melvina Selfani

Century 21 Affiliated License #01311871

Century 21 Affiliated

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 6,970 Sq Ft Lot
  • Gated Home
  • Cross Fenced
  • Partially Fenced Property
  • Level Lot

Parking

  • Alley Access

Home Design

  • Composition Roof
  • Wood Siding
  • Stucco Exterior

Interior Spaces

  • 2-Story Property

Utilities

  • Heating System Uses Natural Gas
  • Separate Water Meter

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Assessor Parcel Number 584-480-53-00

Community Details

Overview

  • 4 Units
  • 422 Apartments Community

Pet Policy

  • Pet Restriction

Additional Features

  • Laundry Facilities
  • Net Operating Income $32,559

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: San Carlos St /San Diego St
  • Neighborhood: Spring Valley
  • Supplement: ** SEE ATTACHED or CALL FOR FINANCIAL ANALYSIS BROCHURE **
  • LP / Sq Ft: 136.72
  • Stories: 2 Story
  • Sale Price List Price: 0.96
  • Total Stories: 2
  • Year Built: 1965
  • 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, Wood
  • Fencing: Cross Fencing, Gate, Partial
  • Roof: Composition

Utilities

  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Heat Equipment: Forced Air Unit

Condo/Co-op/Association

  • Complex Name: 422 Apartments
  • Pets Allowed: Allowed w/Restrictions
  • Community: SPRING VALLEY
  • Complex Features: Laundry Facilities, Pet Restrictions

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Alley Access, Curbs, Public Street, Sidewalks, Street Paved
  • Topography: Level
  • Zoning: R-4
  • Assessor Parcel Number: 584-480-53-00
  • Land Use Code: Res
  • Estimated Lot Sq Ft: 6970
  • Estimated Number of Acres: 0.16
  • Map Code Column: B
  • Map Code Page: 1291
  • Map Code Row: 4

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 32559
  • Annual Expense Actual: 18422
  • Annual Expense Projected: 21705
  • Gross Rent Multiplier Actual: 11.86
  • Gross Rent Multiplier Projected: 10.06
  • Gross Sched Income Actual: 48480
  • Gross Sched Income Projected: 57120
  • Number Of Buildings: 1
  • Number Of Units With Patios: 4
  • Number Of Units With Range Oven: 4

Range of Values:

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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 Change Sq Ft Price
11/25/2015 11/25/15 Sold $551,000 -4.2% $138 / Sq Ft
11/12/2015 11/12/15 Pending -- -- --
10/28/2015 10/28/15 For Sale $574,900 -- $144 / Sq Ft
Source: San Diego MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Mack Langston

    Seller's Agent in 2015

    Mack Langston

    Pacific Coast Commercial

    (619) 295-1526

    3 Total Sales

    Mack Langston
    Section Image

  • B

    Seller Co-Listing Agent in 2015

    Bill Fliflet

    MLS-Listing.com

  • Melvina Selfani

    Buyer's Agent in 2015

    Melvina Selfani

    Century 21 Affiliated

    (619) 593-4300

    5 in this area

    197 Total Sales

    Melvina Selfani
    Section Image
See All Agents

Map

Source: San Diego MLS

MLS Number: 150058085

San Diego MLS

APN: 584-480-53-00

California San Diego County Spring Valley 91977

422 Grand Ave, Spring Valley, CA

This home is located at 422 Grand Ave, Spring Valley, CA 91977 since 28 October 2015. This property was built in 1965. 422 Grand Ave is a home located in San Diego County with nearby schools including La Presa Elementary School, Science, Technology, Engineering, Arts, And Math Academy, and Mount Miguel High School.

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