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Listed by ED R Bustamante • South Bay Real Estate
$ 4,200,000
Est. payment | /mo
8,840 SqFt
$ 4,200,000
Est. payment | /mo
8,840 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 8,840 sqft
Price per Sqft $475
MLS Listing ID 8P-2500615
Year Built 1965
Lot Size 10,220 Sqft
Property Description
Prime Investment Opportunity, this investment opportunity presents a compelling prospect in the thriving East County Market. The well-maintained remarkable income producing property presents an excellent income generating opportunity. Ideal property for 1031 tax deferred investors looking for a relinquished or replacement property under a forward or reverse exchange scenario. Call us today for additional information. We are proud to introduce this prime investment opportunity in Spring Valley, San Diego County! This 10- unit rental property offers a robust income. 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 not in use that could yield additional income, this asset represents a unique offering with immediate value-added upside. With its strategic location and solid cash return. This investment opportunity presents a compelling prospect in the thriving Spring Valley Market.
Location
State CA
County San Diego
Area 91977 - Spring Valley
Zoning Commercial
Interior
Laundry Common Area, Dryer Included, Outside, Washer Included
Exterior
Parking Features Gated
Pool None
Community Features Suburban
View Y/N No
Building
Lot Description Level with Street, Lot 10000-19999 Sqft, Yard, 0-1 Unit/Acre
Sewer Public Sewer
Others
Virtual Tour https://ranchophotos.com/mls/757-grand-ave/
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Marissa Buss & Danny Lampert
Lic# 01770909 | 01834114