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2059 Sweetwater Rd

Spring Valley, CA 91977
  • $1,450,000
  • STATUS: ACTIVE
  • ON SITE: 5 Days
  • ID#: 240010528
New On Site 5 Days Ago
UPDATED: 71 min ago
$1,450,000
  • 8
    BEDS
  • 0.83
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 3,100
    SQFT
  • $468
    $/SQFT
Neighborhood:
Sv
Type:
Multi-Family
Built:
2002
County:

School Ratings & Info

Description

2059 Sweetwater Rd offers an investment opportunity featuring an established duplex with significant development potential. The current property boasts two spacious 4-bedroom, 3-bathroom townhome-style units, each spanning approximately 1,500 square feet, situated on an expansive 36,154 square foot lot. The current ownership is in the final stages of obtaining development permits to expand the property with three additional duplexes, mirroring the existing layout. This presents an ideal scenario for investors looking to capitalize on a covered land play, generating income from the existing units while concurrently realizing the property's maximum potential through development.

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San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/150469801
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2059 Sweetwater Rd Spring Valley, CA 91977

  • Price: $1,450,000
  • Status: ACTIVE
  • On Site: 5 Days
  • Updated: 71 min ago
  • ID#: 240010528
8
Beds
6
Baths
0
½ Baths
0.83
Acres
3,100
SQFT
$468
$/SQFT
2002
Built
Neighborhood:
Sv
County:
San Diego
Area:
Spring Valley (91977)
Property Description
2059 Sweetwater Rd offers an investment opportunity featuring an established duplex with significant development potential. The current property boasts two spacious 4-bedroom, 3-bathroom townhome-style units, each spanning approximately 1,500 square feet, situated on an expansive 36,154 square foot lot. The current ownership is in the final stages of obtaining development permits to expand the property with three additional duplexes, mirroring the existing layout. This presents an ideal scenario for investors looking to capitalize on a covered land play, generating income from the existing units while concurrently realizing the property's maximum potential through development.
Exterior Features

Exterior Stucco Fencing N/K Roof Composition Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Units With Garages 2 Units With Patios 0

Interior Features

Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Stories 2 Story Total Baths Unit1 3 Total Baths Unit2 3 Total Baths Unit3 0 Total Baths Unit4 0 Unit1 Laundry Hook Ups No Unit2 Laundry Hook Ups No Units With Cooling 0 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 0 Units With Refrigerators 0 Units With Washers 0

Property Features

Actual Cap Rate 2.4 Age Restrictions N/K Annual Expense Actual 21885 Association ID San Diego Association of REALTORS (SDAR) Buildings 1 Cfd Mello Roos Fee 0.0 Community SPRING VALLEY Complex Park SV Cross Streets Sweetwater Rd Gross Rent Multiplier Actual 24.7 Gross Scheduled Income Actual 58800 Mandatory Remarks None Known Market Area East County Monthly Total Fees 0 Other Fees 0.0 Other Income Actual 0 Sales Restrictions N/K Security N/K Short Sale No Tenant Pays N/K Terms CashConventional Unit Number For Unit1 2057 Unit Number For Unit2 2059 Unit1 Deposit 0 Unit1 Occupied Tenant Unit1 Projected Rent 3500.0 Unit1 Rent Actual 2700.0 Unit2 Deposit 0 Unit2 Occupied Tenant Unit2 Projected Rent 3500.0 Unit2 Rent Actual 2200.0

San Diego MLS logo Listing provided courtesy of Adam Cairo of Starker West, Inc.: 619-300-0173. Listing information © 2024 San Diego MLS Inc. Source: SDMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
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