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  • MLS#: PTP2507077 ( )
  • Street Address: 1015 Grand Avenue
  • Viewed: 1
  • Price: $1,900,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1986
  • Bldg sqft: 0
  • Days On Market: 106
  • Additional Information
  • County: SAN DIEGO
  • City: Spring Valley
  • Zipcode: 91977
  • Provided by: Coldwell Banker West
  • Contact: Bertha Bertha
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Prime investment opportunity in the heart of Spring Valley! 10151017 Grand Ave features 5 apartments on the second floor (Units 1, 2, 3, F & G), plus multiple income producing spaces on the first floor including a restaurant (Unit A/B), a vacant commercial unit (Unit C), a laundry facility (Unit D), and 4 garages. This diverse mix offers strong current income with additional upside potential. The restaurant provides steady rental income, the laundry generates sales (or can be leased to a tenant), and the vacant commercial unit and garages present value add opportunities for increased revenue. Recent improvements include a new roof over Units 1, 2, and 3 (Dec. 2024) and a new fence in the back parking lot. With a solid rental history, multiple income streams, and a desirable location near shopping, schools, and freeway access, this property is ideal for investors seeking stable cash flow and long term growth.
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Features
Assessments
  1. Unknown
Association Fee
  1. 0.00
Building Area Total
  1. 5772.00
Common Walls
  1. 1 Common Wall
Electric Expense
  1. 149.00
Fencing
  1. New Condition
Fuel Expense
  1. 171.00
Garage Spaces
  1. 4.00
Insurance Expense
  1. 6540.00
Laundry Features
  1. Community
Lot Features
  1. Near Public Transit
Netoperatingincome
  1. 73851.00
Newtaxesexpense
  1. 17000.00
Parcel Number
  1. 5793651900
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Sewer
  1. Public Sewer
Sourcesystemkey
  1. 400099065:CRP
Totalexpenses
  1. 32897.00
Trash Expense
  1. 357.00
Uncovered Spaces
  1. 14.00
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/crmls/PTP2403110
Water Sewer Expense
  1. 341.00
Year Built
  1. 1986
Zoning
  1. COMMERCIAL