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757 Grand Avenue

Spring Valley, CA 91977
  • $3,995,000
  • STATUS: Active
  • ON SITE: 19 Days
  • ID#: PTP2400621
$3,995,000
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1965
County:

School Ratings & Info

Listing Agent(s): Ed Bustamante of South Bay Real Estate (619-585-4500)


Description

Lots of real estate and income for the money! 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 in use that yields additional income This asset represents a unique offering with immediate value-add upside. All reasonable offers will be considered. Submit your offer today. Youll be glad you did.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-21T00:28:16.61. 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or COMPASS. Licensed in the State of California, USA.
www.reiferhomes.com/homes/147180986
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757 Grand Avenue Spring Valley, CA 91977

  • Price: $3,995,000
  • Status: Active
  • On Site: 19 Days
  • ID#: PTP2400621
0
Beds
0
Baths
0
½ Baths
0.23
Acres
1965
Built
Neighborhood:
91977 - Spring Valley
County:
San Diego
Area:
91977 - Spring Valley
Property Description
Lots of real estate and income for the money! 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 in use that yields additional income This asset represents a unique offering with immediate value-add upside. All reasonable offers will be considered. Submit your offer today. Youll be glad you did.
Exterior Features

Entry Level 1 Entry Location 1 Lot Features Front YardStreet Level Number Of Separate Electric Meters 10 Open Parking Spaces 7 Parking Total 7 Pool Features None Pool Private YN No Property Attached YN Yes Spa YN No View YN No

Interior Features

Common Walls 2+ Common WallsEnd Unit Cooling YN No Fireplace YN No Heating YN No

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 5.1 Common Interest None Community Features BikingGutter(s)LakeStreet LightsSuburbanSidewalks Contingency Sale is subject to reverse or forward exchange at no cost to the buyer. Garage YN No Gross Income 229440 Gross Scheduled Income 229440 Insurance Expense 3781 Land Lease YN No Laundry Features Common AreaOutside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash to New LoanConventional1031 Exchange Net Operating Income 203628 New Construction YN No New Taxes Expense 13754 Number Of Separate Gas Meters 10 Number Of Separate Water Meters 1 Number Of Units Leased 9 Operating Expense 14340 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Telephone Total Actual Rent 229440 Trash Expense 3600 Vacancy Allowance 11472 Vacancy Allowance Rate 5 Water Sewer Expense 15815 Water Source Public Zoning Commercial 5+ Units



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-21T00:28:16.61. 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. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or COMPASS. Licensed in the State of California, USA.
 
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COMPASS
6930 Indiana Ave, Suite 1
Riverside CA, 92506
Listing Agent(s): Ed Bustamante of South Bay Real Estate (619-585-4500)