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    3917 Spring Place

    Spring Valley, CA 91977
    • $2,500,000
    • STATUS: Active
    • ON SITE: 108 days
    • ID#: 210009986
    UPDATED: 35 min ago
    $2,500,000
    • 0
      BEDS
    • 0.27
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    Excellent investment property with true value-add opportunity and huge potential for upside in rents. In the City of Spring Valley, it borders La Mesa, Lemon Grove, and El Cajon. Very easy access to freeways, 94, 125, and Interstate 8, with a 20-minute commute (17 miles) from downtown San Diego. Built in 1985 on 11,802 SF parcel, it consist of two 3-bedroom and eight 2-bedroom units, all with rare 2 full bathrooms. Spacious floor plan averaging 866 square feet with private patios/balconies. Many units have tile floors and nine have granite countertops in the kitchen. Sixteen on-site parking spots and ample easy street parking. The structure has a pitched roof as well as onsite laundry facilities. Cooling: Central Forced Air Elec Exterior: ,,,

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-03T10:25:21.66. 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 Keller Williams Realty. Licensed in the State of California, USA.
    www.therealestategirl.com/homes/116214781
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    3917 Spring Place Spring Valley, CA 91977

    • Price: $2,500,000
    • Status: Active
    • Updated: 35 min ago
    • ID#: 210009986
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.27
    Acres
    Neighborhood:
    91977 - Spring Valley
    County:
    San Diego
    Area:
    91977 - Spring Valley
    Property Description
    Excellent investment property with true value-add opportunity and huge potential for upside in rents. In the City of Spring Valley, it borders La Mesa, Lemon Grove, and El Cajon. Very easy access to freeways, 94, 125, and Interstate 8, with a 20-minute commute (17 miles) from downtown San Diego. Built in 1985 on 11,802 SF parcel, it consist of two 3-bedroom and eight 2-bedroom units, all with rare 2 full bathrooms. Spacious floor plan averaging 866 square feet with private patios/balconies. Many units have tile floors and nine have granite countertops in the kitchen. Sixteen on-site parking spots and ample easy street parking. The structure has a pitched roof as well as onsite laundry facilities. Cooling: Central Forced Air Elec Exterior: ,,,
    Exterior Features

    Construction Materials DrywallFrameStucco Parking Total 16 Roof Composition

    Interior Features

    Cooling YN Yes Heating Forced Air Heating YN Yes

    Property Features

    Association Fee 0 Cap Rate 4.51 Gross Scheduled Income 170352 Insurance Expense 3200 Listing Agreement Exclusive Right To Sell Listing Terms CashCash To New Loan Maintenance Expense 11930 Net Operating Income 119616 Operating Expense 51678 Property Sub Type Mixed Use Trash Expense 2475 Water Sewer Expense 8268 Zoning Commercial

    Listing provided courtesy of Michael Seddigh of Coldwell Banker Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-03T10:25:21.66. 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 Keller Williams Realty. Licensed in the State of California, USA.
     
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