1040 Gillespie Drive

Spring Valley, CA 91977

$1,175,000
Price
7
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Great opportunity for investors! Situated at the end of a private road are two almost new full-sized detached manufactured homes on a large lot. The first is 4 bed 3 bath 1,546 sq ft. The second is 3 bed 2 bath 1,183 sq ft. BOTH HAVE OPEN FLOOR PLANS WITH ISLAND KITCHENS, LAUNDRY ROOMS, MASTER WALK-IN CLOSETS, 9' CEILINGS, TALL WINDOWS AND CEILING FANS. Each has its on yard.Great opportunity for investors! Situated at the end of a private road are two almost new full-sized detached manufactured homes on a large lot. The first is 4 bed 3 bath 1,546 sq ft. The second is 3 bed 2 bath 1,183 sq ft. BOTH HAVE OPEN FLOOR PLANS WITH ISLAND KITCHENS, LAUNDRY ROOMS, MASTER WALK-IN CLOSETS, 9' CEILINGS, TALL WINDOWS AND CEILING FANS. Each has its on yard.
  1. Listed by Brian Turner • DRE #01183765 • Brokerage DRE #01087406 • Cabrillo Mortgage & Realty Service

Property Details for 1040 Gillespie Drive

Cross Streets
JAMACHA RD.
Area
Other (LCOTH)
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0
HOA Fee Frequency 2
Monthly
Assessor Parcel Number
5845101900
Directions
JAMACHA RD. TO GILLESPIE DR. LOOK FOR MAILBOXES. DOWN PRIVATE ROAD ON WEST SIDE ALL THE WAY TO THE END
LISTING UPDATED: 11/19/2024 11:13 AM

Property Details for 1040 Gillespie Drive

StatusActive
MLS #240026107SD
Days on Market42
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2022
Lot Size-
CountySan Diego County

Building Information for 1040 Gillespie Drive

Stories1Residences-Year Built2022Building Size-Lot Size-

Property Information for 1040 Gillespie Drive

Community / Development
Community / Development
  • Complex Name: NONE
  • Number Of Units: 2
  • Builders Tract Name: SPRING VALLEY
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 1
  • View: No
  • Security Features: None
  • Water: Meter on Property
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $73,800.00
  • Gross Scheduled Income: $84,600
  • Cap Rate: 6.30%
  • Gross Rent Multiplier: $13.88
  • Other Income1: $.00
  • Total Annual Expense: 10800
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
Interior Features
Interior Features
  • Levels: One
  • Cooling Type: Central Forced Air
Exterior Features
Exterior Features
  • Pool: No
  • Spa: No
  • Roof: Composition
  • Fence: Partial
Lease Terms
Lease Terms
  • Listing Terms: Cash, Conventional
  • Tenant Pays: Cable TV, Electricity, Gas/Propane, Trash Collection
Unit Details
Unit 1 Information
  • Unit Beds: 4
  • Unit Baths: 2
  • Unit Rent: $3,500.00
  • Unit Actual Rent: $3,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Rent: $3,550.00
  • Unit Actual Rent: $3,550.00
  • Like Units: 1

Property History for 1040 Gillespie Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1040 Gillespie Drive

Taxable ValueLand$51,000Additions-Total$51,000
Tax Record2020$1,087 ($91 / month)
Home Facts
Beds0StyleResidentialZoningR1CountySAN DIEGOAPN5845101900

Schools near 1040 Gillespie Drive

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
Kempton Street Elementary School
PublicK to 6

Mount Miguel 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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1040 Gillespie Drive is a multi-family home for sale in Spring Valley, CA 91977. This property was listed for sale on November 5, 2024 by Cabrillo Mortgage & Realty Service, it's currently listed at $1,175,000. This listing's school districts are Grossmont Union High School District, La Mesa-Spring Valley School District. Nearby schools include Kempton Street Elementary School, Science, Technology, Engineering, Arts, And Math Academy At La Presa and Mount Miguel High School. 1040 Gillespie Drive is a 7-bed, 4-bath, multi-family home built in 2022.

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Listing Courtesy of Cabrillo Mortgage & Realty Service, Brian Turner, DRE #01183765

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