$1,070,000
$1,099,900
2.7%For more information regarding the value of a property, please contact us for a free consultation.
2,184 SqFt
SOLD DATE : 06/21/2024
Key Details
Sold Price $1,070,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 2,184 sqft
Price per Sqft $489
MLS Listing ID 8P-2402370
Sold Date 06/21/24
Year Built 1959
Lot Size 10,165 Sqft
Property Description
Wonderful Spring Valley Triplex with potential Assumable Loan at a very low interest rate! DO NOT DISTURB TENANTS AND DO NOT DRIVE ON TO THE PROPERTY. Current Cap Rate is over 6% and projected Cap Rates support a value well over $1M. Great investment property with existing cash flow in place. Three updated units with new flooring and updates throughout, including AC. Comprised of three 2b/1b units with spacious shared driveway & two assigned parking spaces per unit. Multi-family property with residential income or live in one unit and rent the other two. Lamar Park is adjacent to this property just located steps from your front doors! Next door to 9 acres of open green space, playgrounds, picnic tables, and a perfect place to play and relax. Quick access to the 94 freeway.
Location
State CA
County San Diego
Zoning R3
Interior
Heating Central
Cooling Central Air
Laundry Common Area
Exterior
Garage Gravel, On Site, Shared Driveway, Uncovered
Pool None
Community Features Biking, Dog Park, Hiking, Park, Sidewalks, Street Lights, Suburban
View Y/N No
Building
Lot Description 0-1 Unit/Acre
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Lic# 01770909 | 01834114