937 Grand Avenue

Spring Valley, CA 91977

$1,575,000
Price
10
Beds
3,540 Sq. Ft.
$445 / Sq. Ft.
3,540
Sq. Ft.
$445
per Sq. Ft.

Description

Great 4 Unit investment property with 6%+ Cap rate and qualifies for 30-year fixed financing! This income property is located in Spring Valley and offers two units that are 3-bedroom/1 bath and two units that are 2-bedroom/1 bath. Units have been fully remodeled and great tenants in place! Laundry facility on site and 4 individual storage rooms can be extra income, Convenient Alley access with lots of parking space for tenants to use as well! Shown w Accepted offer!Great 4 Unit investment property with 6%+ Cap rate and qualifies for 30-year fixed financing! This income property is located in Spring Valley and offers two units that are 3-bedroom/1 bath and two units that are 2-bedroom/1 bath. Units have been fully remodeled and great tenants in place! Laundry facility on site and 4 individual storage rooms can be extra income, Convenient Alley access with lots of parking space for tenants to use as well! Shown w Accepted offer!
  1. Listed by Mike Aon • DRE #01300658 • Brokerage DRE #01233826 • Realty Executives Dillon • mikeaon@cox.net

Property Details for 937 Grand Avenue

Parking Spaces Total
8
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3540
Assessor Parcel Number
584-280-44-00
Property Attached YN
true
LISTING UPDATED: 09/10/2024 07:43 AM

Property Details for 937 Grand Avenue

StatusActive
MLS #PTP2400934
Days on Market240
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1973
Lot Size0.16 AC / 7,181 SF
CountySan Diego County

Building Information for 937 Grand Avenue

Stories2Residences-Year Built1973Building Size-Lot Size0.16 AC / 7,181 SF

Property Information for 937 Grand Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $134,340
  • Gross Scheduled Income: $134,340
  • Net Operating Income: $105,564
  • Cap Rate: 6.7
Expense Details
  • Operating Expense: $28,776
  • New Taxes Expense: $19,687
  • Insurance Expense: $2,500
  • Trash Expense: $3,600
  • Water Sewer Expense: $3,000
  • Total Expenses: $28,776
Tax / Assessment Info
  • Tax Tract Number: 000441
  • CFD/Mello-Roos Fee: $1,931
  • Tax Lot: 0
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Buyer to Verify, Unknown
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Outside
Exterior Features
  • Entry Location: 1
  • Fence: No
  • Property Condition: Updated/Remodeled
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Unassigned
  • Uncovered Spaces: 8
  • Open Other Spaces Total: 8
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Off Street, Unassigned
Unit Information
Unit 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,845
  • Unit Type Total Rent: $2,845
  • Unit Type Pro Forma: 2845
  • Unit Type Type: 1
Unit 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,300
  • Unit Type Total Rent: $2,300
  • Unit Type Pro Forma: 2300
  • Unit Type Type: 2
Unit 3
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $3,050
  • Unit Type Total Rent: $3,050
  • Unit Type Pro Forma: 3050
  • Unit Type Type: 3
Unit 4
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,500
  • Unit Type Total Rent: $2,500
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 4
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 937 Grand Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 937 Grand Avenue

Taxable ValueLand$455,685Additions$369,908Total$825,593
Tax Record2024$11,723 ($977 / month)
Home Facts
Total Finished SqFt3,540 SqFtAbove Grade Finished SqFt3,540 SqFtLot Size7,181 SqFtStyleMulti-Family Dwelling (2-4)Year Built1973ZoningCOMMERCIALCountySAN DIEGOAPN584-280-44-00

Schools near 937 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
La Presa 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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937 Grand Avenue is a multi-family home for sale in Spring Valley, CA 91977. This property was listed for sale on January 18, 2024 by Realty Executives Dillon, it's currently listed at $1,575,000. It has been on the market for a total of 240 days and was last sold on January 3, 2020. This listing's school districts are Grossmont Union High School District, La Mesa-Spring Valley School District. Nearby schools include La Presa Elementary School, Science, Technology, Engineering, Arts, And Math Academy At La Presa and Monte Vista High School. 937 Grand Avenue is a 10-bed, 0-bath, 3,540 sqft multi-family home built in 1973.

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

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