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- 757 Grand Avenue, Spring Valley, CA 91977
- MLS#: PTP2500615 ( )
- Street Address: 757 Grand Avenue
- Viewed: 1
- Price: $4,200,000
- Price sqft: $0
- Waterfront: No
- Year Built: 1965
- Bldg sqft: 0
- Days On Market: 15
- Additional Information
- County: SAN DIEGO
- City: Spring Valley
- Zipcode: 91977
- Provided by: South Bay Real Estate
- Contact: ED ED
- DMCA Notice
-
DescriptionPrime 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.
Property Location and Similar Properties
All
Similar
Features
Accessibility Features
- Parking
- Ramp - Main Level
Appliances
- Disposal
- Gas Cooking
- Gas Oven
- Gas Range
- Refrigerator
Assessments
- Unknown
Association Fee
- 0.00
Building Area Total
- 8840.00
Common Walls
- 2+ Common Walls
Construction Materials
- See Remarks
Garage Spaces
- 0.00
Insurance Expense
- 9043.00
Laundry Features
- Common Area
- Dryer Included
- Outside
- Washer Included
Lot Features
- 0-1 Unit/Acre
- Level with Street
- Lot 10000-19999 Sqft
- Yard
Netoperatingincome
- 179408.00
Newtaxesexpense
- 34420.00
Number Of Separate Electric Meters
- 10
Number Of Separate Gas Meters
- 10
Number With Disposal
- 10
Number With Drapes
- 10
Number With Range
- 10
Number Wit Hrefrigerator
- 10
Parcel Number
- 5843605500
Pool Features
- None
Professionalmanagementexpense
- 11916.00
Sewer
- Public Sewer
Sourcesystemkey
- 400084290:CRP
Totalactualrent
- 19862.00
Totalexpenses
- 58936.00
Trash Expense
- 5400.00
Virtual Tour Url
- https://ranchophotos.com/mls/757-grand-ave/
Water Sewer Expense
- 7200.00
Year Built
- 1965
Year Built Source
- Assessor
Zoning
- Commercial
Based on information from California Regional Multiple Listing Service, Inc. as of Feb 05, 2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Display of MLS data is usually deemed reliable but is NOT guaranteed accurate.
Datafeed Last updated on February 5, 2025 @ 12:00 am
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