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9066, 9072 Valencia Street

Spring Valley, CA 91977
  • $950,000
  • STATUS: ACTIVE
  • ON SITE: 124 Days
  • ID#: 220019486
UPDATED: 10 min ago
$950,000
  • 5
    BEDS
  • N/A
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 1,850
    SQFT
  • $514
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1980
County:

School Ratings & Info

Description

EXCHANGE IN ESCROW, PRICED TO SELL! This is a 2 on 1 asset featuring a 3BR 2BA townhome with 2-car garage, and a well maintained 2BR 1BA house with carport and additional surface parking. Located off a cul de sac in a quiet neighborhood surrounded by rolling hills. Both units originally renovated in 2012 with granite counter tops, new cabinets, stainless steel appliances, new windows and slider doors. Townhome was renovated again a few years ago when owner lived there. It is a 4.5 cap on actuals with big upside given the rents of the house, up to a 5.8 cap. Both units have private yards, laundry, and plenty of parking. The garage is currently used as an extra living room, given the abundant parking. Seller has identified his upleg and is looking to get into escrow with the first offer that accomplishes their goals. Reach out asap!

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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/131334456
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9066, 9072 Valencia Street Spring Valley, CA 91977

  • Price: $950,000
  • Status: ACTIVE
  • On Site: 124 Days
  • Updated: 10 min ago
  • ID#: 220019486
5
Beds
4
Baths
0
½ Baths
N/A
Acres
1,850
SQFT
$514
$/SQFT
1980
Built
Neighborhood:
Spring Valley
County:
San Diego
Area:
Spring Valley (91977)
Property Description
EXCHANGE IN ESCROW, PRICED TO SELL! This is a 2 on 1 asset featuring a 3BR 2BA townhome with 2-car garage, and a well maintained 2BR 1BA house with carport and additional surface parking. Located off a cul de sac in a quiet neighborhood surrounded by rolling hills. Both units originally renovated in 2012 with granite counter tops, new cabinets, stainless steel appliances, new windows and slider doors. Townhome was renovated again a few years ago when owner lived there. It is a 4.5 cap on actuals with big upside given the rents of the house, up to a 5.8 cap. Both units have private yards, laundry, and plenty of parking. The garage is currently used as an extra living room, given the abundant parking. Seller has identified his upleg and is looking to get into escrow with the first offer that accomplishes their goals. Reach out asap!
Exterior Features

Exterior Stucco Fencing Partial Roof Composition Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Units With Garages 1 Units With Patios 2

Interior Features

Cooling N/K Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 2 Total Baths Unit3 0 Total Baths Unit4 0 Unit1 Laundry Hook Ups Yes Unit2 Laundry Hook Ups Yes Units With Cooling 0 Units With Dishwashers 2 Units With Dryers 2 Units With Fireplaces 1 Units With Range Oven 2 Units With Refrigerators 2 Units With Washers 2

Property Features

Actual Cap Rate 4.5 Additional Property Use N/K Age Restrictions N/K Annual Expense Actual 15344 Annual Expense Projected 15344 Association ID San Diego Association Of Realtors (Sdar) Buildings 2 Cfd Mello Roos Fee 0.0 Community Spring Valley Complex Park Spring Valley Cross Streets Valencia Gross Rent Multiplier Actual 16.2 Gross Rent Multiplier Project 13.0 Gross Scheduled Income Actual 58800 Gross Scheduled Income Project 73200 Mandatory Remarks None Known Market Area East County Monthly Total Fees 0 Net Operating Income Projected 56392 Other Fees 0.0 Other Income Actual 0 Projected Cap Rate 5.9 Projected Other Income 0.0 Sales Restrictions Call Agent Security N/K Short Sale No Tenant Pays ElectricityGas/Propane Terms Cal VetCashConventionalExchangeFha Unit1 Deposit 3100 Unit1 Occupied Tenant Unit1 Projected Rent 3400.0 Unit1 Rent Actual 3100.0 Unit2 Deposit 1800 Unit2 Occupied Tenant Unit2 Projected Rent 2700.0 Unit2 Rent Actual 1800.0

San Diego MLS logo Listing provided courtesy of The Browar Group: [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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San Diego CA, 92101