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Key Details
Sold Price $735,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Square Footage 840 sqft
Price per Sqft $875
Subdivision Spring Valley
MLS Listing ID 230020456
Sold Date 12/04/23
Bedrooms 4
Full Baths 2
HOA Y/N No
Year Built 1963
Property Description
Great investment! Duplex with 2 bedrooms 1 bath each. Large yards front and back. Mature trees in the back yards. Stove, refrigerator, microwave and washer/dryer convey. New roof. New mini-splits in each unit (HVAC). Unit 8904 has been recently updated. Both units are in good condition. Long term renter in 8906. Lamar County Park is 50' away at the end of the cul-de-sac. This property also owns the easement that runs behind the homes out to Lamar St. Seller uses this to park extra vehicles when needed. CAP rate is approx 6% at current rents (rents need to be raised to meet market standards)
Location
State CA
County San Diego
Community Spring Valley
Area Spring Valley (91977)
Building/Complex Name None
Interior
Cooling Other/Remarks
Exterior
Exterior Feature Wood/Stucco
Garage Unit1:Attached Unit2:Attached
Garage Spaces 2.0
Fence Partial
Roof Type Composition
Building
Story 1
Lot Size Range .25 to .5 AC
Level or Stories 1 Story
Others
Acceptable Financing Cash, Conventional, VA
Space Rent $1,995
Listing Terms Cash, Conventional, VA
Financing Conventional
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Kobe Zimmerman
Berkshire Hathaway Home Services California Properties
kobezimmerman@bhhscalifornia.com +1(858) 753-3353Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Frank Marquez • Finest City Homes & Loans