Listing by: Max Delbecq, Top Gun CRE, maxd@topguncre.com

0 Beds

n/a Full bath

n/a SqFt

Active

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.

Property Details
Price $1,550,000
Lot Size Area 20948
Lot Size Area Units Square Feet
Acres 0.4809
Property Type Land
Exterior Features Curbs,Foothills,Horse Trails,Sidewalks,Street Lights,Suburban,Valley,Biking,Hiking,Park
View Neighborhood
Lot Description Back Yard,Front Yard,Landscaped,Lawn,Level with Street,Lot 20000-39999 Sqft,Level,Near Public Transit,Paved,Utilities - Overhead,Value In Land,Yard
Association Fee 0
Geographic Data
Directions Google Maps
County San Diego
Latitude 32.735956
Longitude -117.007853
Market Area 91977 - Spring Valley
Address Information
Address 8911 Troy Street, Spring Valley, CA 91977
Postal Code 91977
City Spring Valley
State CA
Country United States
Listing Information
Listing Office Top Gun CRE
Listing Agent Max Delbecq
Listing Agent Phone maxd@topguncre.com
Buyer Agency Compensation 2.000
Attribution Contact maxd@topguncre.com
Buyer Agency Compensation Type %
Compensation Disclaimer The offer of compensation is made only to participants of the MLS where the listing is filed.
Special listing conditions Standard
Virtual Tour URL https://vimeo.com/903899952
MLS Information
Days on market 69
MLS Status Active
Listing Date Jan 19, 2024
Listing Last Modified Mar 28, 2024
Tax ID 5032900800
MLS Area 91977 - Spring Valley
MLS # PTP2400394

This information is believed to be accurate, but without any warranty.
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