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Key Details
Sold Price $1,070,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PTP2402370
Bedrooms 6
Lot Size 10,165 Sqft
Property Description
Wonderful Spring Valley Triplex with potential Assumable Loan at a very low interest rate! DO NOT DISTURB TENANTS AND DO NOT DRIVE ON TO THE PROPERTY. Current Cap Rate is over 6% and projected Cap Rates support a value well over $1M. Great investment property with existing cash flow in place. Three updated units with new flooring and updates throughout, including AC. Comprised of three 2b/1b units with spacious shared driveway & two assigned parking spaces per unit. Multi-family property with residential income or live in one unit and rent the other two. Lamar Park is adjacent to this property just located steps from your front doors! Next door to 9 acres of open green space, playgrounds, picnic tables, and a perfect place to play and relax. Quick access to the 94 freeway.
Wonderful Spring Valley Triplex with potential Assumable Loan at a very low interest rate! DO NOT DISTURB TENANTS AND DO NOT DRIVE ON TO THE PROPERTY. Current Cap Rate is over 6% and projected Cap Rates support a value well over $1M. Great investment property with existing cash flow in place. Three updated units with new flooring and updates throughout, including AC. Comprised of three 2b/1b units with spacious shared driveway & two assigned parking spaces per unit. Multi-family property with residential income or live in one unit and rent the other two. Lamar Park is adjacent to this property just located steps from your front doors! Next door to 9 acres of open green space, playgrounds, picnic tables, and a perfect place to play and relax. Quick access to the 94 freeway.
Location
State CA
County San Diego
Area Spring Valley (91977)
Zoning Assessor
Interior
Cooling Central Forced Air
Building
Lot Description Sidewalks
Story 1
Others
Acceptable Financing Cash, Conventional, Exchange, FHA
Space Rent $2,295
Listing Terms Cash, Conventional, Exchange, FHA
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Bought with Maximo Perez Jr. • Tidal Realty
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