757 Grand Avenue Spring Valley, CA ^$ 3,995,000

757 Grand Avenue

^$ 3,995,000

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757 Grand Avenue

Spring Valley, CA, 91977

^$ 3,995,000

Bedrooms2 Baths1.0 Sq 8,840

Monthly Estimate*

^$ 26,552

Listed by South Bay Real Estate

757 Grand Avenue, Spring Valley, CA 91977 - Image 1

757 Grand Avenue, Spring Valley, CA 91977 - Image 2

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757 Grand Avenue, Spring Valley, CA 91977 - Image 10

757 Grand Avenue, Spring Valley, CA 91977 - Image 11

757 Grand Avenue, Spring Valley, CA 91977 - Image 12

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757 Grand Avenue, Spring Valley, CA 91977 - Image 15

757 Grand Avenue, Spring Valley, CA 91977 - Image 16

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Multi-Family Home for sale in Spring Valley, CA

for $3,995,000 with 2 bedrooms and 1 full bath. This 8,840 square foot home was built in 1965 on a lot size of 0.2323.

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. You’ll be glad you did.

Multi-Family Active

Price

^$ 3,995,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.2323

Year Built

1965

Town/City

Spring Valley

County/Region

San Diego

MLS | Web ID

PTP2400621

Days on Market

119

Features

General

Sewer PublicSewer

Zoning Commercial 5+ Units

HOA 0.0

Garage Spaces 0.0

Pool Features None

Year Built 1965

Tenant Pays Telephone

Gross Income 229440.0

Community Features Biking Gutters Lake StreetLights Suburban Sidewalks

County San Diego

Net Operating Income 203628.0

Operating Expense 14340.0

Insurance Expense 3781.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Contingency Sale is subject to reverse or forward exchange at no cost to the buyer.

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions From freeway 54 take Jamacha Blvd. and go east and take a left at Grand Ave. You’ll find 757 Grand Avenue on the right.

City Spring Valley

Entry Location 1

View Y/N N

Senior Community Y/N N

Open Parking Spaces 7.0

Total Units 10

MLS Area 91977 - Spring Valley

Lot Size Square Feet 10120.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Number of Units Leased 9

Street Name Grand

Listing Terms CashtoNewLoan Conventional Item1031Exchange

Property Attached Y/N Y

Land Lease Y/N N

Home Warranty Y/N N

Trash Expense 3600.0

Water Sewer Expense 15815.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Virtual Tour https://ranchophotos.com/mls/757-grand-ave/ https://ranchophotos.com/757-grand-ave/

Days on Market 6

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 2-4

Total Actual Rent 229440.0

Taxes 13754.0

Cap Rate 5.1

Exterior

Lot Features FrontYard StreetLevel

Water Source Public

Total Parking 7.0

Lot Size Area 10120.0

Number of Buildings 1

Spa N

Building Area Total 8840.0

Lot Size Acres 0.2323

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 10

Number of Separate Electric Meters 10

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls Item2CommonWalls EndUnit

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Avenue

Laundry Features CommonArea Outside

Entry Level 1

Electric On Property Y/N N

Total Baths 0

Internal Only

Street Number 1 757

* Excluded Features

List By

South Bay Real Estate

Broker

(619) 778-4579

Phone

Affordability Calculator

$26,552

Per Month

Monthly Principal & Interest: $26,552
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Spring Valley, CA

Average List Price ^$2,448,980

Percent of Sale Price 39%

About Spring Valley, CA

705 Population

22% Since 2002

^$62,332 Median Income

55.27 Median Age

16% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/1/2024	$3,995,000		Listed Price

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757 Grand Avenue, Spring Valley, CA, 91977 is a Multi-Family Home for sale at $3,995,000 with 8,840 sqft and a lot size of 0.2323. 757 Grand Avenue has 2 bedrooms, 1.0 baths, and was built in 1965. The property's zip code is 91977 which is in Spring Valley, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/30/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. 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.

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757 Grand Avenue

Multi-Family Home for sale in Spring Valley, CA

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