$ 1,250,000
829 Grand Avenue Spring Valley, CA 91977
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$ 1,250,000
Est. payment | /mo
4,416 SqFt
$ 1,250,000
Est. payment | /mo
4,416 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,416 sqft
Price per Sqft $283
MLS Listing ID NDP2405030
HOA Y/N No
Year Built 1977
Property Description
Investment opportunity abounds with this multifamily property nestled on Grand Avenue in Spring Valley, California. Offering a promising prospect for astute investors, this cosmetic fixer-upper comprises six units within a single building. Spanning a total of 4,416 square feet of space on a generously sized lot spanning 6,750 square feet, this property holds immense potential for value enhancement and lucrative returns. Conveniently offering six parking spots, accessibility and convenience are prioritized for both residents and potential future tenants. The property layout includes six generously sized two-bedroom, one-bathroom units, accommodating diverse tenant needs. Currently, five units are occupied and one unit vacant, providing immediate income potential while allowing room for value enhancement through strategic renovations. Whether you're an experienced investor looking to capitalize on the Southern California rental market or a newcomer seeking a promising venture, this property offers the ideal canvas for maximizing returns. Within easy reach of La Presa Elementary School, this multifamily property is situated in the dynamic 91977 zip code of Spring Valley, California, offering a plethora of enticing location highlights. From picturesque parks to vibrant shopping centers and eclectic eateries, residents enjoy a diverse range of amenities just moments away from their doorstep. Nature enthusiasts can venture to Sweetwater Reservoir for hiking, fishing, and leisurely picnics, while retail aficionados can peruse the array of shops and boutiques in the vicinity for a satisfying shopping experience. Conveniently situated near Interstate 125, this multifamily property in Spring Valley, California, offers easy access to major transportation routes, ensuring seamless connectivity to neighboring areas and beyond. Whether residents are commuting to work or embarking on leisurely excursions, the proximity to Interstate 125 facilitates efficient travel and enhances the overall convenience of the location. With its promising prospects for value appreciation and lucrative returns, this multifamily property stands as a testament to the potential for success in the Spring Valley real estate market. Whether you're seeking to expand your investment portfolio or embark on a new venture, this property offers the perfect opportunity to achieve your financial goals while providing residents with a comfortable and convenient place to call home. Some pictures are virtually staged.
Location
State CA
County San Diego
Area 91977 - Spring Valley
Zoning C36
Interior
Fireplace No
Exterior
Total Parking Spaces 4
Building
Lot Description 0-1 Unit/Acre
Story 2
Others
Tax ID 5843300900
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Sez Sezer • Douglas Elliman of California
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Kelly McLaughlin
REALTOR® | Lic# 01475708