$4,200,000

757 Grand Ave Spring Valley, CA 91977

Estimated payment $26,140/month

Total Views 21,509
18 Beds
24 Baths
8,840 Sq Ft
$475 Price per Sq Ft

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

Eduardo Bustamante

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

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Assessments: Yes
  • CapRate: 4.27
  • Professional Management Expense: 11916.00
  • Property Attached: Yes
  • View: No
  • Water Sewer Expenses: 7200.00
  • Zoning: Commercial
  • Property Type: Residential Income
  • Parcel Number: 5843605500
  • Year Built: 1965
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Accessibility Features: Parking, Ramp - Main Level
  • Appliances: Yes
  • Entry Level: 1
  • Price Per Square Foot: 475.11

Exterior Features

  • Fence: No
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: No

Utilities

  • Heating: No
  • Laundry: Yes
  • Appliances: Disposal, Gas Cooking, Gas Oven, Gas Range, Refrigerator
  • Laundry Features: Common Area, Dryer Included, Outside, Washer Included
  • Sewer: Public Sewer
  • Trash Expense: 5400.00

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Level with Street, Lot 10000-19999 Sqft, Yard
  • Lot Size Sq Ft: 10220.00
  • Lot Size Acres: 0.2346

Multi Family

  • Gross Income: 238344.00
  • Gross Operating Income: 238344.00
  • Gross Scheduled Income: 238344.00
  • Insurance Expense: 9043.00
  • Lot Size Area: 10220.0000 Square Feet
  • Net Operating Income: 179408.00
  • Number Of Separate Electric Meters: 10
  • Number Of Separate Gas Meters: 10
  • Number Of Units Leased: 10
  • Number Of Units Total: 10
  • Number With Disposal: 10
  • Number With Drapes: 10
  • Number With Range: 10
  • Number With Refrigerator: 10
  • Operating Expense: 58936.00
  • Rent Control: No
  • Total Actual Rent: 19862.00
  • Total Expenses: 58936.00

Tax Info

  • New Taxes Expense: 34420.00
  • Tax Lot: 20/2-4
  • Tax Tract Number: 441

Map

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
01/23/2025 01/23/25 For Sale $4,200,000 -- $475 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PTP2500615

California Regional Multiple Listing Service (CRMLS)

APN: 584-360-55-00

California San Diego County Spring Valley 91977

757 Grand Ave, Spring Valley, CA

For Sale

MultiFamily

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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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Eduardo Bustamante
Listing Agent
Eduardo Bustamante
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South Bay Real Estate
(619) 639-7346