Seller's Agent in 2020
Jason Lee
Nara Advisors, Inc.
(858) 336-9688
124 Total Sales
9045 Lamar St Spring Valley, CA 91977
2
Beds
1
Bath
4,770
Sq Ft
--
Built
Highlights
- 1-Story Property
- Central Air
- 4-minute walk to Lamar Park
About This Home
As of June 2020Lamar St consists of 6 Houses on two conjoining parcels in Spring Valley, CA. A value add opportunity that has huge rental upside. Rental increases were recently given to the tenants and are effective 5/1 and 6/1. Two of the tenants are section 8 tenants. Property is a Mid 5 Cap on current income, and 7.5% pro forma. A superior recession resistant cash flow opportunity that will keep your equity working for you.
Last Agent to Sell the Property
Nara Advisors, Inc. License #02068011 Listed on: 04/10/2020
Last Buyer's Agent
OUT OF AREA
OUT OF AREA License #00000000
Property Details
Home Type
- Multi-Family
Home Design
Interior Spaces
- 2 Bedrooms
- 4,770 Sq Ft Home
- 1-Story Property
Additional Homes
- Number of ADU Units: 6
Utilities
- Central Air
- Heat Pump System
Listing and Financial Details
- Total Actual Rent $9,132
Community Details
Overview
- 6 Units
Building Details
- 6 Leased Units
- Operating Expense $32,122
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/03/2020 06/03/20 | Sold | $1,370,000 | -2.1% | $287 / Sq Ft |
| 04/28/2020 04/28/20 | Price Changed | $1,400,000 | -1.8% | $294 / Sq Ft |
| 04/10/2020 04/10/20 | For Sale | $1,425,000 | -- | $299 / Sq Ft |
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 | $15,964 | $1,060,831 | $590,566 | $470,265 |
| 2024 | $15,964 | $1,040,032 | $578,987 | $461,045 |
| 2023 | $15,419 | $1,019,640 | $567,635 | $452,005 |
| 2022 | $15,097 | $999,648 | $556,505 | $443,143 |
| 2021 | $14,974 | $980,048 | $545,594 | $434,454 |
| 2020 | $9,045 | $512,863 | $260,008 | $252,855 |
| 2019 | $8,891 | $502,808 | $254,910 | $247,898 |
| 2018 | $8,460 | $492,950 | $249,912 | $243,038 |
| 2017 | $8,101 | $483,285 | $245,012 | $238,273 |
| 2016 | $7,705 | $473,809 | $240,208 | $233,601 |
| 2015 | $7,651 | $466,693 | $236,600 | $230,093 |
Source: Public Records
Agents Affiliated with this Home
-
Jason Lee
-
O
Buyer's Agent in 2020
OUT OF AREA
OUT OF AREA
Map
Source: San Diego MLS
MLS Number: 200016734
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