1015-1017 Grand Avenue

Spring Valley, CA 91977

$2,400,000
Price
6
Beds
5,772 Sq. Ft.
$416 / Sq. Ft.
5,772
Sq. Ft.
$416
per Sq. Ft.

Description

This exceptional building offers a blend of residential and commercial spaces, making it a versatile investment for savvy buyers. Here’s what you’ll find: Residential Units: 6 apartments provide steady rental income, all units are leased and rents are low/room to increase revenue. Garages: 4 spacious garages, perfect for tenant use or additional rental income. Parking: 14 parking spaces, ensuring ample room for residents and guests. Utility Room: Conveniently located for easy access and maintenance....This exceptional building offers a blend of residential and commercial spaces, making it a versatile investment for savvy buyers. Here’s what you’ll find: Residential Units: 6 apartments provide steady rental income, all units are leased and rents are low/room to increase revenue. Garages: 4 spacious garages, perfect for tenant use or additional rental income. Parking: 14 parking spaces, ensuring ample room for residents and guests. Utility Room: Conveniently located for easy access and maintenance. Service Bathrooms: 2 bathrooms available for service staff or public use. Laundry Room: Generates additional income, adding to the property’s revenue stream. Commercial Space: Includes a fully operational restaurant, enhancing the property’s commercial appeal. Recently installed new fence in the back lot, asphalt was recently redone about 2 years ago and one side of the building was reroofed about 1 year ago. Conveniently located close to public transportation and shopping centers. Adu potential All reasonable offers will be considered. Don’t miss out on this prime investment opportunity – submit your offer today!
  1. Listed by Bertha Llamas • DRE #00869061 • Brokerage DRE #01481919 • Coldwell Banker West
  2. Listed by Reyna Perea Lopez • DRE #02118739 • Brokerage DRE #01481919 • Coldwell Banker West

Property Details for 1015-1017 Grand Avenue

Parking Spaces Total
18
Private Pool
No
Total Units
8.0
Building Type
Attached
Lot Size Source
Public Records
Living Area
5772
Assessor Parcel Number
579-365-19-00
Property Attached YN
true
LISTING UPDATED: 05/30/2024 03:04 AM

Property Details for 1015-1017 Grand Avenue

StatusActive
MLS #PTP2403110
Days on Market202
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1986
Lot Size0.20 AC / 8,891 SF
CountySan Diego County

Building Information for 1015-1017 Grand Avenue

Stories2Residences-Year Built1986Building Size-Lot Size0.20 AC / 8,891 SF

Property Information for 1015-1017 Grand Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $124,560
  • Gross Scheduled Income: $124,560
  • Net Operating Income: $86,571
  • Cap Rate: 3.6
Expense Details
  • Operating Expense: $37,989
  • New Taxes Expense: $17,000
  • Fuel Expense: $171
  • Electric Expense: $149
  • Insurance Expense: $6,540
  • Professional Management Expense: $0
  • Trash Expense: $357
  • Water Sewer Expense: $341
  • Total Expenses: $33,897
Tax / Assessment Info
  • Tax Tract Number: 001317
  • Tax Lot: 83349
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
Exterior Features
  • Entry Location: 1
  • Fence: No
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: Near Public Transit
  • Number Of Units: 8
  • Land Lease: No
  • Land Lease Type: Fee
  • Sewer: Public Sewer
Parking Info
  • Garage Spaces: 4
  • Parking: No
  • Uncovered Spaces: 14
  • Open Other Spaces Total: 14
  • Parking Garage Spaces: 4
  • Carport Spaces: 0
Unit Information
Unit 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,080
  • Unit Type Total Rent: $1,080
  • Unit Type Pro Forma: 0
  • Unit Type Type: 1
Unit 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,100
  • Unit Type Total Rent: $1,100
  • Unit Type Pro Forma: 0
  • Unit Type Type: 2
Unit 3
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,100
  • Unit Type Total Rent: $1,100
  • Unit Type Pro Forma: 0
  • Unit Type Type: 3
Unit 4
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,000
  • Unit Type Total Rent: $1,000
  • Unit Type Pro Forma: 0
  • Unit Type Type: 4
Unit 5
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,400
  • Unit Type Total Rent: $1,400
  • Unit Type Pro Forma: 0
  • Unit Type Type: 5
Unit Information
  • Number Of Units Leased: 7
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 7
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 2

Property History for 1015-1017 Grand Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1015-1017 Grand Avenue

This home is within Grossmont Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 5 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Sweetwater Springs Elementary School
PublicK to 6

Monte Vista High School
Public9 to 12

Quest Academy
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1015-1017 Grand Avenue is a multi-family home for sale in Spring Valley, CA 91977. This property was listed for sale on May 17, 2024 by Coldwell Banker West, it's currently listed at $2,400,000. This listing's school districts are Grossmont Union High School District, La Mesa-Spring Valley School District. Nearby schools include Sweetwater Springs Elementary School, Science, Technology, Engineering, Arts, And Math Academy At La Presa and Monte Vista High School. 1015-1017 Grand Avenue is a 6-bed, 0-bath, 5,772 sqft multi-family home built in 1986.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker West, Bertha Llamas, DRE #00869061; Coldwell Banker West, Reyna Perea Lopez, DRE #02118739

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