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.