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Spring Valley, CA 91977 8911 Troy Street

$1,500,000

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Presented By: Max Delbecq with Top Gun CRE; maxd@topguncre.com
  • MLS# PTP2400395
  • 01/19/2024
  • Request Tour
  • Request Info
  • BedBeds • 3
  • BathBaths • 2
  • FootageSQFT • 2,642
  • GarageGarage • 5

Home Details

Renovated, 2-unit multifamily duplex with (5) rear storage sheds on 21K SF of commercially-zoned land. Commercial/mixed-use zoning (C-36), may allow for 16-20 unit and/or ADU development potential, possibly more with County-approved affordable density bonuses. Seller spared no expense in renovating these units - all new electrical, plumbing, and exterior/interior renovations. Assessor has deemed unit condition to be "equivalent of new". Turn-key condition for immediate cash flow during entitlements. (1) 2bed/1bath front house with private front yard + rear (1) 1bed/1bath. Plenty of room to add on and expand units and to redevelop. At least 35 parking spaces in current configuration, which may allow for additional income during entitlements. 5 rear storage sheds for additional income. Estimated $7K/month in gross achievable income in current configuration. High-traffic, family-friendly Spring Valley location near amenities, parks, schools, restaurants/retail, freeways, and public transit.
Presented By: Max Delbecq with Top Gun CRE; maxd@topguncre.com

Interior Features for 8911 Troy Street

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesWasherHookup, ElectricDryerHookup, Inside, LaundryRoom
Street SuffixStreet
Total Stories1

Other Rooms

Entry Level1

General for 8911 Troy Street

Additional Parcels Y/NNo
AppliancesDryer, Washer
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate3.24
Carport Y/NNo
CitySpring Valley
Community FeaturesBiking, Curbs, Hiking, HorseTrails, Rural, StreetLights, Suburban, Sidewalks, Park
CountySan Diego
Days on Market110
DirectionsGoogle Maps
Entry LocationFront Gate
Garage Spaces5.0
Garage Y/NYes
Gross Income76824.0
HOA0.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense1717.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashtoNewLoan, Conventional, Item1031Exchange, FHA, FannieMae, PrivateFinancingAvailable, TrustDeed, VALoan
Lot Size Square Feet20948.0
MLS Area91977 - Spring Valley
MobileHomeRemainsYNNo
Net Operating Income50143.0
New ConstructionYes
Operating Expense26681.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalDuplex
Property SubTypeDuplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameTroy
Tax Lot5032900800
Taxes$18,133
Total Units2
Trash Expense1800.0
UtilitiesOverheadUtilities
View Y/NNo
Virtual TourClick here
Virtual TourClick here
Water Sewer Expense547.0
Waterfront Y/NNo
Year Built2010
Year Built SourceAssessor
ZoningC-36 https://scoutred.co

Exterior for 8911 Troy Street

Building Area Total2642.0
Crops Included Y/NNo
Horse Amenities RidingTrail
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesBackYard, FrontYard, Lawn, Landscaped, Level, NearPark, NearPublicTransit, Paved, StreetLevel, ValueInLand, Yard
Lot Size Acres0.4809
Lot Size Area20948.0
Lot Size SourcePublicRecords
Lot Size UnitsSquareFeet
Number of Buildings3
Number of Separate Electric Meters2
Number of Separate Gas Meters2
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking5.0

Additional Details

Price History

1527188455

First Team Client Services

Price $1,500,000
MLS#PTP2400395
List Date 01/19/2024
Property Type Multi-Family
Phone 714.964.3311
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*According to the National Association of Realtors