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757 Grand Avenue

Spring Valley, CA 91977
  • $4,200,000
  • STATUS: Active
  • ON SITE: 96 Days
  • MLS #: PTP2500615
UPDATED: 61 min ago
$4,200,000
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1965
County:

School Ratings & Info

Listing Agent(s): Ed Bustamante of South Bay Real Estate (619-585-4500)


Description

Prime Investment Opportunity, this investment opportunity presents a compelling prospect in the thriving East County Market. The well-maintained remarkable income producing property presents an excellent income generating opportunity. Ideal property for 1031 tax deferred investors looking for a relinquished or replacement property under a forward or reverse exchange scenario. Call us today for additional information. We are proud to introduce this prime investment opportunity in Spring Valley, San Diego County! This 10- unit rental property offers a robust income. 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 not in use that could yield additional income, this asset represents a unique offering with immediate value-added upside. With its strategic location and solid cash return. This investment opportunity presents a compelling prospect in the thriving Spring Valley Market.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-30T18:35:31.163. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/159695180
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757 Grand Avenue Spring Valley, CA 91977

  • Price: $4,200,000
  • Status: Active
  • On Site: 96 Days
  • Updated: 61 min ago
  • MLS #: PTP2500615
0
Beds
0
Baths
0
½ Baths
0.23
Acres
1965
Built
Neighborhood:
91977 - Spring Valley
County:
San Diego
Area:
91977 - Spring Valley
Property Description
Prime Investment Opportunity, this investment opportunity presents a compelling prospect in the thriving East County Market. The well-maintained remarkable income producing property presents an excellent income generating opportunity. Ideal property for 1031 tax deferred investors looking for a relinquished or replacement property under a forward or reverse exchange scenario. Call us today for additional information. We are proud to introduce this prime investment opportunity in Spring Valley, San Diego County! This 10- unit rental property offers a robust income. 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 not in use that could yield additional income, this asset represents a unique offering with immediate value-added upside. With its strategic location and solid cash return. This investment opportunity presents a compelling prospect in the thriving Spring Valley Market.
Exterior Features

Construction Materials See Remarks Entry Level 1 Entry Location 1 Lot Features 0-1 Unit/AcreStreet LevelYard Number Of Separate Electric Meters 10 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes Spa YN No View YN No

Interior Features

Accessibility Features ParkingAccessible Approach with Ramp Appliances Gas CookingDisposalGas OvenGas RangeRefrigeratorDryerWasher Common Walls 2+ Common Walls Cooling YN No Fireplace YN No Heating YN No

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.27 Community Features Suburban Contingency Noone known Garage YN No Gross Income 238344 Gross Scheduled Income 238344 Insurance Expense 9043 Land Lease YN No Laundry Features Common AreaOutside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional1031 ExchangeOwner May CarryPrivate Financing AvailableSubmit Net Operating Income 179408 New Construction YN No New Taxes Expense 34420 Number Of Separate Gas Meters 10 Number Of Separate Water Meters 0 Number Of Units Leased 10 Operating Expense 58936 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 19862 Trash Expense 5400 Water Sewer Expense 7200 Zoning Commercial



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-30T18:35:31.163. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Ed Bustamante of South Bay Real Estate (619-585-4500)