NOT LISTED FOR SALE

9023 Campo Rd Spring Valley, CA 91977

5 Beds
4 Baths
2,766 Sq Ft
1977 Built

Last Sold January 31, 2024

Last sale price $1,345,000 $486 Per Sq Ft

17 Days on Market

Highlights

  • Forced Air Heating and Cooling System
  • Laundry Facilities
  • Level Lot

About This Home

As of January 2024

LWelcome to an outstanding investment opportunity! This meticulously maintained and newly updated 4-unit apartment complex is a turnkey opportunity for investors. All renovated units offer modern features like laminate floors, fresh paint, recessed lighting, upgraded vanities, toilets, plumbing, electrical, and energy-efficient mini-split AC/heat units. The charm extends to a well-maintained parking lot with new asphalt, offering each unit 2 parking spots and a personal storage closet. A community laundry facility adds convenience for the tenants. The property features a spacious 2-bedroom, 1 bath unit with a sizable private backyard and two large additional storage sheds. Three nicely sized one-bedroom, one bath units are located upstairs. Centrally located near shopping, freeways, and schools, this property guarantees a steady stream of tenants. Don't miss the chance to add this cash-flowing property to your investment portfolio – make your offer today and secure a piece of the American dream!

Last Agent to Sell the Property

Denise Dawley

New Leaf Realty License #01927306 Listed on: 12/11/2023

Last Buyer's Agent

Irma Mendez

Century Homes License #01140408

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1977

Home Design

  • Clay Roof
  • Stucco Exterior

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Separate Water Meter
  • Water Heater

Additional Features

  • 2-Story Property
  • Level Lot

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Assessor Parcel Number 499-531-06-00

Community Details

Overview

  • Association fees include cable/tv services, electricity
  • 4 Units

Pet Policy

  • No Pets Allowed

Additional Features

  • Laundry Facilities
  • Net Operating Income $76,562

Property Details

Home Type

Multi-Family

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Class: 2-4 UNITS
  • Type: Res Income 2-4 Units
  • Market Area: East County
  • Cross Street: Campo Rd. & Bancroft
  • Neighborhood: Casa De Oro
  • Stories: 2 Story
  • Sale Price List Price: 0.96
  • Total Stories: 2
  • Year Built: 1977
  • 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
  • Roof: Tile/Clay

Utilities

  • Cooling: Central Forced Air, Heat Pump(s)
  • Sewer/Septic: Sewer Connected
  • Water: Meter on Property
  • Water Heater Type: Electric
  • Heat Equipment: Forced Air Unit

Condo/Co-op/Association

  • Pets Allowed: No Pets Allowed
  • Community: SPRING VALLEY
  • Complex Features: Laundry Facilities
  • Home Owner Association Fee Includes: Cable/TV Services, Electricity

Lot Info

  • Lot Size: 4,000-7,499 SF
  • Site: Public Street
  • Topography: Level
  • Assessor Parcel Number: 499-531-06-00
  • Map Code Column: B
  • Map Code Page: 1271
  • Map Code Row: 4

Rental Info

  • Tenant Pays: Cable TV, Electricity

Multi Family

  • No. of Units: 4
  • Actual Net Operating Income: 76562
  • Gross Rent Multiplier Actual: 13.85
  • Number Of Buildings: 1
  • Number Of Units With Cooling: 4
  • Number Of Units With Dishwashers: 4
  • Number Of Units With Patios: 1
  • Number Of Units With Range Oven: 4
  • Number Of Units With Refrigerator: 4
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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 Prior Sale
01/31/2024 01/31/24 Sold $1,345,000 -3.6% $486 / Sq Ft
12/29/2023 12/29/23 Pending -- -- --
12/11/2023 12/11/23 For Sale $1,395,000 +217.0% $504 / Sq Ft
06/19/2014 06/19/14 Sold $440,000 0.0% -- View Prior Sale
05/16/2014 05/16/14 Pending -- -- --
05/13/2014 05/13/14 For Sale $440,000 -- --
Source: San Diego MLS

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 $14,226 $1,371,900 $800,700 $571,200
2024 $14,226 $1,050,600 $612,000 $438,600
2023 $10,584 $741,079 $341,632 $399,447
2022 $10,386 $741,079 $341,632 $399,447
2021 $10,280 $726,549 $334,934 $391,615
2020 $9,836 $719,100 $331,500 $387,600
2019 $7,112 $483,519 $219,781 $263,738
2018 $6,835 $474,039 $215,472 $258,567
2017 $830 $464,746 $211,248 $253,498
2016 $6,336 $455,634 $207,106 $248,528
2015 $6,300 $448,791 $203,996 $244,795
2014 $4,561 $298,492 $122,456 $176,036
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Diego MLS

MLS Number: 230023799

San Diego MLS

APN: 499-531-06-00

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