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8914-26 Delrose Ave

Spring Valley, CA 91977
  • $12,600,000
  • STATUS: ACTIVE
  • ON SITE: 81 Days
  • ID#: 220023462
UPDATED: 28 min ago
$12,600,000
  • 3
    BEDS
  • 1.15
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

We are pleased to present Lanai Village located at 8914-8926 Delrose Ave, Spring Valley, California. Constructed in 1965, the property consists of 48 units and has undergone recent renovations and upgrades including new solid wood cabinets, granite countertops, tubs and shower sur-rounds, shower doors, vanities and sinks, tile flooring, wall heaters, ac units, and kitchen appliances. The building mix is comprised of twenty-six (26) one bedroom one bath units and twenty-two (22) two bed-room two bath units. The building has a total of 32,944 square feet and the building sets on a 50,081 sqft parcel. The Lanai Village units have been upgraded with new paint, appliances, fixtures, as well as recent electrical and plumbing upgrades. The property has a centrally located courtyard and pool, gated entry, two on-site laundry facilities and ample off-street parking. Spring Valley is known for its diversity, above average schools, gorgeous views, and centralized location.

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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 © 2022 San Diego MLS, Inc. Licensed in the state of California.
www.sellsandiego.com/homes/133042742
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8914-26 Delrose Ave Spring Valley, CA 91977

  • Price: $12,600,000
  • Status: ACTIVE
  • On Site: 81 Days
  • Updated: 28 min ago
  • ID#: 220023462
3
Beds
2
Baths
0
½ Baths
1.15
Acres
Neighborhood:
Spring Valley (91977)
County:
San Diego
Area:
Spring Valley (91977)
Property Description
We are pleased to present Lanai Village located at 8914-8926 Delrose Ave, Spring Valley, California. Constructed in 1965, the property consists of 48 units and has undergone recent renovations and upgrades including new solid wood cabinets, granite countertops, tubs and shower sur-rounds, shower doors, vanities and sinks, tile flooring, wall heaters, ac units, and kitchen appliances. The building mix is comprised of twenty-six (26) one bedroom one bath units and twenty-two (22) two bed-room two bath units. The building has a total of 32,944 square feet and the building sets on a 50,081 sqft parcel. The Lanai Village units have been upgraded with new paint, appliances, fixtures, as well as recent electrical and plumbing upgrades. The property has a centrally located courtyard and pool, gated entry, two on-site laundry facilities and ample off-street parking. Spring Valley is known for its diversity, above average schools, gorgeous views, and centralized location.
Exterior Features

Parking Spaces Total 43

Interior Features

Sq Ft Of Improvement 32944

Property Features

Actual Cap Rate 4.99 Actual Gross Scheduled Income 972477.0 Actual Operating Expense 335945 Assumable Finance 8307000 Buildings 5 Complex Features Other/Remarks Gross Equity 100 Gross Multiplier 12.96 Have N/A Mandatory Remarks None Known Market Area East County Motive Want N/A Projected Cap Rate 6.23 Projected Gross Multiplier 11.04 Unit Number1 26 Unit Number2 22

San Diego MLS logo Listing provided courtesy of Marcus & Millichap: [IDXCONTACTINFORMATION]. Listing information © 2022 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 © 2022 San Diego MLS, Inc. Licensed in the state of California.
 
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The Neuman Team Real Estate Inc.
516 5th Avenue
San Diego CA, 92101