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Spring Valley, CA 91977 757 Grand Avenue

$3,995,000

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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Presented By: Ed Bustamante with South Bay Real Estate; ed@southbayre.net
  • MLS# PTP2400621
  • 02/01/2024
  • Request Tour
  • Request Info
  • BedBeds • 2
  • BathBaths • 1
  • FootageSQFT • 8,840

Home Details

Lots of real estate and income for the money! 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 in use that yields additional income This asset represents a unique offering with immediate value-add upside. All reasonable offers will be considered. Submit your offer today. You’ll be glad you did.
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
Basement (Y/N)No
Common WallsItem2CommonWalls, EndUnit
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea, Outside
Street SuffixAvenue
Total Stories2

Other Rooms

Entry Level1

General for 757 Grand Avenue

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.1
Carport Y/NNo
CitySpring Valley
Community FeaturesBiking, Gutters, Lake, StreetLights, Suburban, Sidewalks
ContingencySale is subject to reverse or forward exchange at no cost to the buyer.
CountySan Diego
Days on Market6
DirectionsFrom freeway 54 take Jamacha Blvd. and go east and take a left at Grand Ave. You’ll find 757 Grand Avenue on the right.
Entry Location1
Garage Spaces0.0
Garage Y/NNo
Gross Income229440.0
HOA0.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense3781.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCashtoNewLoan, Conventional, Item1031Exchange
Lot Size Square Feet10120.0
MLS Area91977 - Spring Valley
MobileHomeRemainsYNNo
Net Operating Income203628.0
New ConstructionNo
Number of Units Leased9
Open Parking Spaces7.0
Operating Expense14340.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Street NameGrand
Tax Lot2-4
Taxes$13,754
Tenant PaysTelephone
Total Actual Rent229440.0
Total Units10
Trash Expense3600.0
View Y/NNo
Virtual TourClick here
Virtual TourClick here
Water Sewer Expense15815.0
Waterfront Y/NNo
Year Built1965
Year Built SourceAssessor
ZoningCommercial 5+ Units

Exterior for 757 Grand Avenue

Building Area Total8840.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesFrontYard, StreetLevel
Lot Size Acres0.2323
Lot Size Area10120.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
LotDimensionsSourceAssessor
Number of Buildings1
Number of Separate Electric Meters10
Number of Separate Gas Meters10
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking7.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $3,995,000
MLS#PTP2400621
List Date 02/01/2024
Property Type Multi-Family
Phone 714.964.3311
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*According to the National Association of Realtors