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$1,645,000
Est. payment /mo
10 Beds
4 Baths
9,026 Sqft Lot
UPDATED:
11/21/2024 03:52 AM
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 240027236
Bedrooms 10
Full Baths 4
HOA Y/N No
Year Built 1972
Lot Size 9,026 Sqft
Property Description
Fantastic investment opportunity in Spring Valley! This updated fourplex has all units rented. Each unit has its own water meter! Bonus: The seller has plans approved with the city for two 1,200 sq ft ADUs. This presents a unique opportunity to increase both rental income and overall property value significantly. With the addition of these ADUs, you can expect to generate an estimated $8,600 in additional monthly revenue. Potential total monthly revenue of $18,900. This property not only promises immediate returns but also the potential for future growth, making it an exceptional choice for savvy investors looking to capitalize on the thriving rental market in Spring Valley.
Location
State CA
County San Diego
Area Spring Valley (91977)
Interior
Heating Natural Gas
Appliance Wall/Gravity
Exterior
Exterior Feature Stucco
Parking Features Unit1:N/K Unit2:N/K Unit3:N/K Unit4:N/K
Fence Full
Community Features Laundry Facilities
Complex Features Laundry Facilities
Roof Type Composition
Building
Lot Description Corner Lot
Story 2
Lot Size Range 7500-10889 SF
Water Meter on Property, Other/Remarks
Level or Stories 2 Story
Others
Acceptable Financing Cash, Conventional
Space Rent $3,000
Listing Terms Cash, Conventional
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Listed by Katsiaryna Stsefaniak • HNM Realty
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