2020 Ildica Way

Spring Valley, CA 91977

$849,999
Price
Beds
1,558 Sq. Ft.
$546 / Sq. Ft.
1,558
Sq. Ft.
$546
per Sq. Ft.

Description

$8,000 plus a month rental income currently being generated with room to increase to more! This operation is basically on auto pilot with the current management on site and is amazing at what they do! No license required to operate and the current manager/operator lives on site full time and wants to stay in place so nothing changes for new owner! Main house is a 4 bedroom 2 Bath plus an unpermitted manager suite as well as a detached ADU w its own private access. This is a Multi Unit Property with...$8,000 plus a month rental income currently being generated with room to increase to more! This operation is basically on auto pilot with the current management on site and is amazing at what they do! No license required to operate and the current manager/operator lives on site full time and wants to stay in place so nothing changes for new owner! Main house is a 4 bedroom 2 Bath plus an unpermitted manager suite as well as a detached ADU w its own private access. This is a Multi Unit Property with built in Independent/ Transitional/ Sober Living business in place! Quiet street w views and large lot w plenty of parking! The remainder of the lot is buildable land. Spring valley is unincorporated making expansion that much easier and less restrictive for the new owner.
  1. Listed by Mike Aon • DRE #01300658 • Brokerage DRE #01233826 • Realty Executives Dillon • Mike@theaongroup.com

Property Details for 2020 Ildica Way

Parking Spaces Total
6
Private Pool
No
Cooling Type
Central Forced Air
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
1558
Assessor Parcel Number
578-012-74-00
LISTING UPDATED: 01/17/2025 11:54 AM

Property Details for 2020 Ildica Way

StatusActive
MLS #PTP2500444
Days on Market25
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1938
Lot Size0.30 AC / 13,211 SF
CountySan Diego County

Building Information for 2020 Ildica Way

Stories1Residences-Year Built1938Building Size-Lot Size0.30 AC / 13,211 SF

Property Information for 2020 Ildica Way

Income / Expense / Tax Details
Income Details
  • Gross Income: $96,600
  • Gross Scheduled Income: $96,600
  • Net Operating Income: $53,985
  • Cap Rate: 6.3
Expense Details
  • Operating Expense: $42,615
  • New Taxes Expense: $10,625
  • Cable TV Expense: $4,139
  • Fuel Expense: $0
  • Electric Expense: $5,191
  • Insurance Expense: $1,380
  • Maintenance Expense: $3,000
  • Professional Management Expense: $12,000
  • Other Expense: $3,600
  • Other Expense Description: Food
  • Trash Expense: $0
  • Water Sewer Expense: $1,180
  • Supplies Expense: $1,500
  • Total Expenses: $42,615
Tax / Assessment Info
  • Tax Tract Number: PM1347
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 83171
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Street Lights, Suburban
Property / Structure Info
Interior Features
  • Appliances: Dishwasher, Disposal, Gas Range, Microwave, Refrigerator, Water Heater
  • Equipment: Dishwasher, Microwave, Outside, Refrigerator
Exterior Features
  • Entry Location: Ground level with steps
  • Fence: No
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Back Yard, Front Yard, Level
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
Parking Info
  • Garage Spaces: 0
  • Parking: No
  • Uncovered Spaces: 6
  • Open Other Spaces Total: 6
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Unit Information
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 1
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 1
  • Number With Range: 1
  • Number With Refrigerator: 1
  • Number With Disposal: 1

Property History for 2020 Ildica Way

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 2020 Ildica Way

Taxable ValueLand$291,764Additions$304,268Total$596,032
Tax Record2024$7,637 ($636 / month)
Home Facts
Beds4Total Finished SqFt1,558 SqFtAbove Grade Finished SqFt1,558 SqFtLot Size13,211 SqFtStyleSingle Family ResidenceYear Built1938ZoningR-1:SINGLE FACountySAN DIEGOAPN578-012-74-00

Schools near 2020 Ildica Way

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

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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2020 Ildica Way is a multi-family home for sale in Spring Valley, CA 91977. This property was listed for sale on January 9, 2025 by Realty Executives Dillon, it's currently listed at $849,999. It has been on the market for a total of 25 days and was last sold on August 24, 2018. This listing's school districts are Grossmont Union High School District, La Mesa-Spring Valley School District. Nearby schools include Bancroft Elementary School, Science, Technology, Engineering, Arts, And Math Academy At La Presa and Mount Miguel High School. 2020 Ildica Way is a 0-bed, 0-bath, 1,558 sqft multi-family home built in 1938.

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Listing Courtesy of Realty Executives Dillon, Mike Aon, DRE #01300658

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