757 Grand Ave Spring Valley, CA 91977
Estimated payment $24,534/month
Highlights
- Private Yard
- Laundry Room
- Accessible Parking
- No HOA
- Ramp on the main level
- Level Lot
About This Home
Prime Investment Opportunity, this investment opportunity presents a compelling prospect in the thriving East County Market. The well-maintained remarkable income producing property presents an excellent income generating opportunity. Ideal property for 1031 tax deferred investors looking for a relinquished or replacement property under a forward or reverse exchange scenario. Call us today for additional information. We are proud to introduce this prime investment opportunity in Spring Valley, San Diego County! This 10- unit rental property offers a robust income. A fully gated and leased 10-unit condo style apartment building. Desirable unit mix with larger 8 (2 bed / 1.5 Baths and two extra-large (1 bed / 1 bath, all 10 units have recent interior improvements, The complex offers investors the opportunity to purchase a pride of ownership well-maintained property with tremendous upside in San Diego's most desirable and affordable neighborhood. Investors can purchase the asset, decrease expenses through increased rents and create a well cash-flow asset in one of San Diego best performing markets. This is a rare opportunity for an investor to enjoy a stream of income in a highly desirable area. There is a laundry room currently not in use that could yield additional income, this asset represents a unique offering with immediate value-added upside. With its strategic location and solid cash return. This investment opportunity presents a compelling prospect in the thriving Spring Valley Market.
Listing Agent
South Bay Real Estate Brokerage Email: ed@southbayre.net License #00845295 Listed on: 01/23/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1965
Lot Details
- 10,220 Sq Ft Lot
- Two or More Common Walls
- Level Lot
- Private Yard
- Density is up to 1 Unit/Acre
Home Design
- Property Attached
- Entry on the 1st floor
Interior Spaces
- 8,840 Sq Ft Home
- 2-Story Property
Kitchen
- Gas Oven or Range
- Gas Range
- Disposal
Bedrooms and Bathrooms
- 18 Bedrooms
- 24 Bathrooms
Laundry
- Laundry Room
- Laundry Located Outside
- Dryer
- Washer
Accessible Home Design
- Ramp on the main level
- Accessible Parking
Additional Features
- Suburban Location
- No Heating
Listing and Financial Details
- Tax Lot 20/2-4
- Tax Tract Number 441
- Assessor Parcel Number 5843605500
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 10 Units
Amenities
- Laundry Facilities
Building Details
- 10 Leased Units
- 10 Separate Electric Meters
- 10 Separate Gas Meters
- Insurance Expense $9,043
- Professional Management Expense $11,916
- Trash Expense $5,400
- Water Sewer Expense $7,200
- New Taxes Expense $34,420
- Operating Expense $58,936
- Gross Income $238,344
- Net Operating Income $179,408
Map
Home Values in the Area
Average Home Value in this Area
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 | $35,546 | $2,653,020 | $1,560,600 | $1,092,420 |
| 2024 | $35,546 | $2,601,000 | $1,530,000 | $1,071,000 |
| 2023 | $34,420 | $2,550,000 | $1,500,000 | $1,050,000 |
| 2022 | $13,754 | $787,211 | $167,042 | $620,169 |
| 2021 | $13,691 | $771,776 | $163,767 | $608,009 |
| 2020 | $13,054 | $763,863 | $162,088 | $601,775 |
| 2019 | $12,855 | $748,886 | $158,910 | $589,976 |
| 2018 | $12,274 | $734,203 | $155,795 | $578,408 |
| 2017 | $11,793 | $719,808 | $152,741 | $567,067 |
| 2016 | $11,218 | $705,696 | $149,747 | $555,949 |
| 2015 | $11,120 | $695,097 | $147,498 | $547,599 |
| 2014 | $10,960 | $681,482 | $144,609 | $536,873 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/23/2025 01/23/25 | For Sale | $4,200,000 | -- | $475 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PTP2500615
APN: 584-360-55-00
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