This is a great income property below are the highlights and upgrades. Property Highlights: Apartment A: New gas lines throughout. New hot water heater (back). New sink faucets (kitchen and bathrooms). Brand new plumbing under the house (serves all 3 units). Apartment B: New carpet and paint throughout. New electrical for washer and dryer. Brand new support beams and foundation underneath. Apartment C: New sinks in the kitchen. Newly redone front porch. Shared Features: Freshly repainted interiors for all units. Redone stairways with fresh paint. New gas lines for Apartments A and B. Ample shared parking.
4 separate homes all with their own private yards. 2 homes are almost brand new, each with an attached 2 car garage. All have tons of extra parking. The homes that aren't new are remodeled and upgraded on the inside. All 4 homes are legal and permitted. Future potential (maybe)= huge flat lot that fronts both Lamar and Marshall, add more units either as junior ADU (in garages) or add more homes, subdivide and sell each house separately, condo map and sell each house separately.
Fantastic investment opportunity in Spring Valley! This updated fourplex has all units rented. Each unit has its own water meter! Bonus: The seller has plans approved with the city for two 1,200 sq ft ADUs. This presents a unique opportunity to increase both rental income and overall property value significantly. With the addition of these ADUs, you can expect to generate an estimated $8,600 in additional monthly revenue. Potential total monthly revenue of $18,900. This property not only promises immediate returns but also the potential for future growth, making it an exceptional choice for savvy investors looking to capitalize on the thriving rental market in Spring Valley.
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.
3 Unit property each with an attached garage... Perfect for big family to purchase.
3 Unit property each with an attached garage... Perfect for big family to purchase.
This exceptional building offers a blend of residential and commercial spaces, making it a versatile investment for savvy buyers. Here’s what you’ll find: Residential Units: 6 apartments provide steady rental income, all units are leased and rents are low/room to increase revenue. Garages: 4 spacious garages, perfect for tenant use or additional rental income. Parking: 14 parking spaces, ensuring ample room for residents and guests. Utility Room: Conveniently located for easy access and maintenance. Service Bathrooms: 2 bathrooms available for service staff or public use. Laundry Room: Generates additional income, adding to the property’s revenue stream. Commercial Space: Includes a fully operational restaurant, enhancing the property’s commercial appeal. Recently installed new fence in the back lot, asphalt was recently redone about 2 years ago and one side of the building was reroofed about 1 year ago. Conveniently located close to public transportation and shopping centers.***ADU POTENTIAL*** All reasonable offers will be considered. Don’t miss out on this prime investment opportunity – submit your offer today!
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!
The median home value in Spring Valley, CA is $750,000. This is lower than the county median home value of $846,300. The national median home value is $338,100. The average price of homes sold in Spring Valley, CA is $750,000. Approximately 62.96% of Spring Valley homes are owned, compared to 35.18% rented, while 1.86% are vacant. Spring Valley real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Spring Valley real estate agent to arrange a tour today!
Spring Valley, California has a population of 9,829. Spring Valley is less family-centric than the surrounding county with 24.5% of the households containing married families with children. The county average for households married with children is 33.76%.
The median household income in Spring Valley, California is $82,885. The median household income for the surrounding county is $88,240 compared to the national median of $69,021. The median age of people living in Spring Valley is 37 years.
The average high temperature in July is 83.2 degrees, with an average low temperature in January of 44.2 degrees. The average rainfall is approximately 12.5 inches per year, with 0 inches of snow per year.