8911 Troy Street, Spring Valley CA, 91977
(Active)
$1,550,000
|
|
MLS# PTP2400394
Last Updated: 4/27/2024 7:01 PM
Description for
8911 Troy Street
Spring Valley, CA 91977
Renovated, 2-unit multifamily duplex with (5) rear storage sheds on 21K SF of commercially-zoned land. Commercial/mixed-use zoning (C-36), may allow for 16-20 unit and/or ADU development potential, possibly more with County-approved affordable density bonuses. Seller spared no expense in renovating these units - all new electrical, plumbing, and exterior/interior renovations. Assessor has deemed unit condition to be "equivalent of new". Turn-key condition for immediate cash flow during entitlements. (1) 2bed/1bath front house with private front yard + rear (1) 1bed/1bath. Plenty of room to add on and expand units and to redevelop. At least 35 parking spaces in current configuration, which may allow for additional income during entitlements. 5 rear storage sheds for additional income. Estimated $7K/month in gross achievable income in current configuration. High-traffic, family-friendly Spring Valley location near amenities, parks, schools, restaurants/retail, freeways, and public transit.
Price
$1,550,000
San Diego
PTP2400394
Active
Description
Renovated, 2-unit multifamily duplex with (5) rear storage sheds on 21K SF of commercially-zoned land. Commercial/mixed-use zoning (C-36), may allow for 16-20 unit and/or ADU development potential, possibly more with County-approved affordable density bonuses. Seller spared no expense in renovating these units - all new electrical, plumbing, and exterior/interior renovations. Assessor has deemed unit condition to be "equivalent of new". Turn-key condition for immediate cash flow during entitlements. (1) 2bed/1bath front house with private front yard + rear (1) 1bed/1bath. Plenty of room to add on and expand units and to redevelop. At least 35 parking spaces in current configuration, which may allow for additional income during entitlements. 5 rear storage sheds for additional income. Estimated $7K/month in gross achievable income in current configuration. High-traffic, family-friendly Spring Valley location near amenities, parks, schools, restaurants/retail, freeways, and public transit.
Listing Information
| Property Type: Land, Other | ||
| 0.48 Acres | Public Records | |
Public
Overhead Utilities
Neighborhood
Room Information
Exterior / Lot Features
0 Covered Parking Spaces,
Other
C-36, https://scoutred.com/zoning/251
Back Yard,Front Yard,Lawn,Landscaped,Level,Near Public Transit,Paved,Street Level,Value In Land,Yard
Driving Directions
Google Maps
Financial Considerations
| 5032900800 |
Cash,Cash to New Loan,Conventional,1031 Exchange,Fannie Mae,Private Financing Available,Trust Deed,V
Listing Price History
Spring Valley Real Estate
Spring Valley is located in California. Spring Valley, California 91977 has a population of 30,421.
The median household income in Spring Valley, California 91977 is $71,605. The median household income for the surrounding county is $83,628 compared to the national median of $66,222. The median age of people living in Spring Valley 91977 is 38 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 1/19/2024 | Active | $1,550,000 USD |
|
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2023 | $7,005 USD | 1.51% | $546,210 USD | - |
| 2022 | $6,901 USD | 0.98% | $546,210 USD | 2.00% |
| 2021 | $6,834 USD | 10.64% | $535,500 USD | 10.41% |
| 2020 | $6,177 USD | 3.48% | $485,000 USD | - |
| 2019 | $5,969 USD | 8.96% | $485,000 USD | 4.30% |