Properties

Spring Valley, CA 91977 757 Grand Avenue

757 Grand Avenue Spring Valley, CA - Image 1757 Grand Avenue Spring Valley, CA - Image 2757 Grand Avenue Spring Valley, CA - Image 3
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757 Grand Avenue Spring Valley, CA - Image 4757 Grand Avenue Spring Valley, CA - Image 5757 Grand Avenue Spring Valley, CA - Image 6757 Grand Avenue Spring Valley, CA - Image 7757 Grand Avenue Spring Valley, CA - Image 8757 Grand Avenue Spring Valley, CA - Image 9757 Grand Avenue Spring Valley, CA - Image 10757 Grand Avenue Spring Valley, CA - Image 11757 Grand Avenue Spring Valley, CA - Image 12757 Grand Avenue Spring Valley, CA - Image 13
Presented By: ED Bustamante with South Bay Real Estate; ed@southbayre.net
  • MLS# PTP2500615
  • 01/21/2025
  • Get pre-approved
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  • Baths • 1
  • SQFT • 8,840

Home Details

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. ย 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. ย 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.
Presented By: ED Bustamante with South Bay Real Estate; ed@southbayre.net

Interior Features for 757 Grand Avenue

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NNo
Common Walls2+ Common Walls
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommon Area, Outside
Total Stories2

Other Rooms

Entry Level1

General for 757 Grand Avenue

AccessibilityParking, Accessible Approach with Ramp
Additional Parcels Y/NNo
AppliancesGas Cooking, Disposal, Gas Oven, Gas Range, Refrigerator, Dryer, Washer
Building Area UnitsSquare Feet
Cap Rate4.27
CitySpring Valley
Community FeaturesSuburban
Construction MaterialsSee Remarks
ContingencyNoone known
CountySan Diego
DirectionsFrom I-54 go through Jamacha Blvd., to Grand Ave., make a left at Grand Avenue to 757 Grand Ave.
Entry Location1
Garage Spaces
Garage Y/NNo
Gross Income238344
HOANo
HOA Fee$
Insurance Expense9043
Land Lease Y/NNo
Listing TermsCash, Conventional, 1031 Exchange, Owner May Carry, Private Financing Available, Submit
Lot Size Square Feet10220
Lot Size UnitsSquare Feet
MLS Area91977 - Spring Valley
Net Operating Income179408
New ConstructionNo
Number Of Units Total10
Number of Units Leased10
Operating Expense58936
Pool FeaturesNone
PostalCitySPRING VALLEY
Property Attached Y/NYes
Property TypeResidential Income
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot20/2-4
Taxes$34,420
Total Actual Rent19862
Trash Expense5400
Virtual TourClick here
Virtual TourClick here
Water Sewer Expense7200
Year Built1965
Year Built SourceAssessor
ZoningCommercial

Exterior for 757 Grand Avenue

Building Area Total8840
Lot Features0-1 Unit/Acre, Street Level, Yard
Lot Size Acres0.2346
Lot Size Area10220
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters10
Number of Separate Gas Meters10
Number of Separate Water Meters0
Private PoolNo
SpaNo
Total Parking0

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $4,200,000
MLS#PTP2500615
List Date 01/21/2025
Property Type Multi-Family
Phone 888.795.6274
Get pre-approved
Request Tour
Request Info
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2170 Buckthorne PL. #100
The Woodlands, TX 77380
866-938-0924
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