Spring Valley, CA 91977 757 Grand Avenue

757 Grand Avenue Spring Valley, CA - Image 1757 Grand Avenue Spring Valley, CA - Image 2757 Grand Avenue Spring Valley, CA - Image 3
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Presented By: ED Bustamante with South Bay Real Estate; ed@southbayre.net
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# PTP2500615
  • 01/23/2025
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 18
  • Baths • 24
  • SQFT • 8,840

Home Details

Prime Investment Opportunity, this investment opportunity presents a compelling prospect in the thriving East County Market. The well-maintained remarkable income producing property presents an excellent income generating opportunity. Ideal property for 1031 tax deferred investors looking for a relinquished or replacement property under a forward or reverse exchange scenario. Call us today for additional information. We are proud to introduce this prime investment opportunity in Spring Valley, San Diego County! This 10- unit rental property offers a robust income.  A fully gated and leased 10-unit condo style apartment building. Desirable unit mix with larger 8 (2 bed / 1.5 Baths and two extra-large (1 bed / 1 bath, all 10 units have recent interior improvements, The complex offers investors the opportunity to purchase a pride of ownership well-maintained property with tremendous upside in San Diego's most desirable and affordable neighborhood. Investors can purchase the asset, decrease expenses through increased rents and create a well cash-flow asset in one of San Diego best performing markets.  This is a rare opportunity for an investor to enjoy a stream of income in a highly desirable area. There is a laundry room currently not in use that could yield additional income, this asset represents a unique offering with immediate value-added upside. With its strategic location and solid cash return. This investment opportunity presents a compelling prospect in the thriving Spring Valley Market.
Presented By: ED Bustamante with South Bay Real Estate; ed@southbayre.net

Interior Features for 757 Grand Avenue

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea, Outside
Total Stories2

Other Rooms

Entry Level1

General for 757 Grand Avenue

AccessibilityParking, AccessibleApproachWithRamp
Additional Parcels Y/NNo
AppliancesGasCooking, Disposal, GasOven, GasRange, Refrigerator, Dryer, Washer
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.27
Carport Y/NNo
CitySpring Valley
Community FeaturesSuburban
Construction MaterialsSeeRemarks
ContingencyNoone known
CountySan Diego
DirectionsFrom I-54 go through Jamacha Blvd., to Grand Ave., make a left at Grand Avenue to 757 Grand Ave.
Electric On Property Y/NNo
Entry Location1
Garage Spaces0.0
Garage Y/NNo
Gross Income238344.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense9043.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, Conventional, Exchange1031, OwnerMayCarry, PrivateFinancingAvailable, Submit
Lot Size Square Feet10220.0
Lot Size UnitsSquareFeet
MLS Area91977 - Spring Valley
MobileHomeRemainsYNNo
Net Operating Income179408.0
New ConstructionNo
Number Of Units Total10
Number of Units Leased10
Operating Expense58936.0
Pool FeaturesNone
Property Attached Y/NYes
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot20/2-4
Taxes$34,420
Total Actual Rent19862.0
Trash Expense5400.0
Virtual TourClick here
Virtual TourClick here
Water Sewer Expense7200.0
Year Built1965
Year Built SourceAssessor
ZoningCommercial

Exterior for 757 Grand Avenue

Building Area Total8840.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre, StreetLevel, Yard
Lot Size Acres0.2346
Lot Size Area10220.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters10
Number of Separate Gas Meters10
Number of Separate Water Meters0
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking0.0
WaterfrontY/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $4,200,000
MLS#PTP2500615
List Date 01/23/2025
Property Type Multi-Family
Phone 714.742.6515
Request Tour
Request Info
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