Skip To Content

757 Grand Avenue

Spring Valley, CA 91977
  • $3,500,000
  • STATUS: Active
  • ON SITE: 167 Days
  • ID#: PTP2302923
UPDATED: 233 min ago
$3,500,000
  • 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. ($ 331,200.00) Projected annual rental income Investment. 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 Lots of real estate for the money. This asset represents a unique offering with immediate value-add upside. Submit your offer today. Youll be glad you did.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-04T00:25:53.033. 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 Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
www.twissrealty.com/homes/140725856
Print Image

757 Grand Avenue Spring Valley, CA 91977

  • Price: $3,500,000
  • Status: Active
  • On Site: 167 Days
  • Updated: 233 min ago
  • ID#: PTP2302923
0
Beds
0
Baths
0
½ Baths
0.23
Acres
1965
Built
Neighborhood:
91977 - Spring Valley
County:
San Diego
Area:
91977 - Spring Valley
Property Description
Lots of real estate and income for the money! A fully gated and leased 10-unit condo style apartment building. Desirable unit mix with larger 8 (2 bed / 1.5 Baths and two extra-large (1 bed / 1 bath, all 10 units have recent interior improvements, The complex offers investors the opportunity to purchase a pride of ownership well-maintained property with tremendous upside in San Diego's most desirable and affordable neighborhood. Investors can purchase the asset, decrease expenses through increased rents and create a well cash-flow asset in one of San Diego best performing markets. ($ 331,200.00) Projected annual rental income Investment. 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 Lots of real estate for the money. This asset represents a unique offering with immediate value-add upside. Submit your offer today. Youll be glad you did.
Exterior Features

Entry Level 1 Entry Location 1 Lot Features 0-1 Unit/Acre 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 Walls Cooling YN No Fireplace YN No Flooring Laminate Heating YN No

Property Features

Association Fee 0 Association YN No Buyer Financing Conventional Cap Rate 5.16 Community Features Suburban Contingency Sale is Subject To Reverse Or Forward Exchange At No Cost To The Buyer. Current Financing AssumablePrivate Fuel Expense 0 Garage YN No Gross Income 205308 Gross Scheduled Income 205308 Insurance Expense 3781 Land Lease YN No Laundry Features Washer HookupGas Dryer Hookup Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms 1031 Exchange Net Operating Income 180703 New Construction YN No New Taxes Expense 13754 Number Of Separate Gas Meters 10 Number Of Separate Water Meters 1 Number Of Units Leased 10 Operating Expense 14340 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 205308 Trash Expense 3600 Vacancy Allowance 10265 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 2023-12-04T00:25:53.033. 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 Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_371597135-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_371597135-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_371597135-2.jpg
Logo
Twiss Realty Group - Brokered by EXP
5036 Highway 140
Mariposa CA, 95338
Listing Agent(s): Ed Bustamante of South Bay Real Estate (619-585-4500)