Jorge Petro
Fairway Investments
(619) 304-1098
15 Total Sales
1 in Spring Valley
$660,000 Price
9045 Lamar St Spring Valley, CA 91977
Spring Valley Area
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
Jason Lee
Nara Advisors, Inc. License #02068011 Listed on: 04/10/2020
Last Buyer's Agent
OUT OF AREA
OUT OF AREA License #00000000
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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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 10, 2020
Closed on
May 29, 2020
Sold by
Bought by
Seller's Agent
Jason Lee
Nara Advisors, Inc.
Buyer's Agent
OUT OF AREA
OUT OF AREA
List Price
$1,425,000
Sold Price
$1,370,000
Premium/Discount to List
-$55,000
-3.86%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$690,000
Interest Rate
3.3%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 7, 2020
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,064,000
Interest Rate
3.72%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 7, 2018
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$423,000
Interest Rate
4.32%
Mortgage Type
New Conventional
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Spring Valley, CA
-
Jorge Petro
-
Erica Auen
Erica Auen
Responds QuicklySelect California Homes
(858) 365-8027
24 Total Sales
1 in Spring Valley
$300,000 Price
-
Jacob Mahaffey
Jacob Mahaffey
LPT Realty, Inc
(858) 290-1284
14 Total Sales
1 in Spring Valley
$400,000 Price
-
Michelle Tharayil
Michelle Tharayil
Compass
(747) 292-6844
23 Total Sales
1 in Spring Valley
$1,500,000 Price
-
Daniel Di Matteo
Daniel Di Matteo
Century 21 Affiliated
(858) 223-9281
41 Total Sales
1 in Spring Valley
$825,000 Price
-
Dean Alzaro
Dean Alzaro
Pellego Inc
(858) 293-5291
26 Total Sales
5 in Spring Valley
$170K - $1.1M Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $1,365,000 | Chicago Title Company | ||
| $1,330,000 | Ticor Title Company Of Ca | ||
| -- | Chicago Title Company Sd |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $955,500 | ||
| Closed | $690,000 | ||
| Previous Owner | $1,064,000 | ||
| Previous Owner | $423,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $16,845 | $1,082,047 | $602,377 | $479,670 |
| 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
-
J
Seller's Agent in 2020
Jason Lee
Nara Advisors, Inc.
-
O
Buyer's Agent in 2020
OUT OF AREA
OUT OF AREA
Map
Source: San Diego MLS
MLS Number: 200016734
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