Skip To Content
    Return to Previous Page

    4032-4034 N Bonita St.

    Spring Valley, CA 91977
    • $2,275,000
    • STATUS: PENDING
    • ON SITE: 30 days
    • ID#: 210002621
    Pending
    UPDATED: 53 min ago
    $2,275,000
    • 15
      BEDS
    • 0.36
      ACRES
    • 8
      BATHS
    • 1
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    Superior unit mix of one-2 bed/1.5 bath detached house and eight-2 bed/one bath apartments. *There is an additional non-permitted one bed/one bath unit below the house. Built in 1950. Almost all units have been renovated upon turnover. Seller has done about $220k of renovations with a new roof on the detached house and interior upgrades. Laundry room with owned newer Speed Queen Quantum Gold top of the line washer/dryers. Density bonus law of 2018 grants the right of owners of multifamily assets to convert non-permitted residential space to permitted. Local jurisdiction, San Diego County, has 60 days to approve the conversion. That means relatively easy recognition or legalization of a non-permitted unit. Part of a 6 asset portfolio, all of which are available individually.

    Monthly Payment Calculator

    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 © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.sellsandiego.com/homes/113807052
    Print Image

    4032-4034 N Bonita St. Spring Valley, CA 91977

    • Price: $2,275,000
    • Status: PENDING
    • Updated: 53 min ago
    • ID#: 210002621
    15
    Beds
    8
    Baths
    1
    ½ Baths
    0.36
    Acres
    Neighborhood:
    Spring Valley (91977)
    County:
    San Diego
    Area:
    Spring Valley (91977)
    Property Description
    Superior unit mix of one-2 bed/1.5 bath detached house and eight-2 bed/one bath apartments. *There is an additional non-permitted one bed/one bath unit below the house. Built in 1950. Almost all units have been renovated upon turnover. Seller has done about $220k of renovations with a new roof on the detached house and interior upgrades. Laundry room with owned newer Speed Queen Quantum Gold top of the line washer/dryers. Density bonus law of 2018 grants the right of owners of multifamily assets to convert non-permitted residential space to permitted. Local jurisdiction, San Diego County, has 60 days to approve the conversion. That means relatively easy recognition or legalization of a non-permitted unit. Part of a 6 asset portfolio, all of which are available individually.
    Exterior Features

    Parking Spaces Total 11

    Interior Features

    Sq Ft Of Improvement 7312 Units With Ranges 10 Units With Refrigerators 10

    Property Features

    Actual Cap Rate 4.7 Actual Cash Flow 18898 Actual Gardener Expense 1500 Actual Gas And Electric 3240 Actual Gross Operating Income 165715 Actual Gross Scheduled Income 172620.0 Actual Maintenance Expense 7650 Actual Operating Expense 58316 Actual Prop Management 8286 Actual Taxes Expense 26390 Actual Total Expense 58316 Actual Total Pi Pay 88501 Actual Trash Expense 1800 Actual Vacancy And Credit Loss 6905 Actual Water Sewer Expense 6750 Assumable Finance 0 Buildings 1 Fiscal Year From 20 Fiscal Year To 20 Gross Equity 705250 Gross Multiplier 13.2 Have 9 Units To Sell. Leased Apartments 10 Mandatory Remarks None Known Market Area East County Monthly Rent Total 13805 Motive Want 1031 Exchange. Other Income Actual 6960 Other Income Amount 580 Other Income Source LauRubs Projected Annual Pi Expense 88501 Projected Cap Rate 5.2 Projected Cash Flow 30360 Projected Fl Ins Expense 2700 Projected Fl Ins Expense1 2700 Projected Gardener Expense 1500 Projected Gas And Electric 3240 Projected Gross Multiplier 12.3 Projected Gross Operating Inc 177178 Projected Gross Scheduled Inc 184560 Projected Maintenance Expense 7650 Projected Net Income 118862 Projected Operating Expense 58316 Projected Other Income 7200 Projected Property Mgmt Expense 8286 Projected Taxes Expense 26390 Projected Total Expense 58316 Projected Trash Expense 1800 Projected Vacancy And Credit Loss 7382 Projected Water And Sewer Expense 6750 Short Sale No Tenant Pays Electric Y Tenant Pays Gas Y Unit Number1 1 Unit Number2 2 Unit Number3 1 Unit Number4 1 Unit Number5 1 Unit Number6 1 Unit Number7 2 Unit Number8 1 Unit Rent Total1 1275 Unit Rent Total2 2850 Unit Rent Total3 1395 Unit Rent Total4 1340 Unit Rent Total5 1335 Unit Rent Total6 1300 Unit Rent Total7 2550 Unit Rent Total8 1760 Unit Rent1 1275 Unit Rent2 1425 Unit Rent3 1395 Unit Rent4 1340 Unit Rent5 1335 Unit Rent6 1300 Unit Rent7 1275 Unit Rent8 1760

    Listing provided courtesy of Apartment Consultants, Inc.. Listing information © 2021 San Diego MLS Inc. Source: SDMLS
    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 © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
    https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_210002621-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_210002621-2.jpg https://bt-photos.global.ssl.fastly.net/sandiego/1280_boomver_1_210002621-2.jpg
    Logo
    Neuman & Neuman Real Estate Inc.
    516 5th Avenue
    San Diego CA, 92101