|
Investment opportunity abounds with this multifamily property nestled on Grand Avenue in Spring Valley, California. Offering a promising prospect for astute investors, this cosmetic fixer-upper comprises six units within a single building. Spanning a total of 4,416 square feet of space on a generously sized lot spanning 6,750 square feet, this property holds immense potential for value enhancement and lucrative returns. Conveniently offering six parking spots, accessibility and convenience are prioritized for both residents and potential future tenants. The property layout includes six generously sized two-bedroom, one-bathroom units, accommodating diverse tenant needs. Currently, five units are occupied and one unit vacant, providing immediate income potential while allowing room for value enhancement through strategic renovations. Whether you're an experienced investor looking to capitalize on the Southern California rental market or a newcomer seeking a promising venture, this property offers the ideal canvas for maximizing returns. Within easy reach of La Presa Elementary School, this multifamily property is situated in the dynamic 91977 zip code of Spring Valley, California, offering a plethora of enticing location highlights. From picturesque parks to vibrant shopping centers and eclectic eateries, residents enjoy a diverse range of amenities just moments away from their doorstep. Nature enthusiasts can venture to Sweetwater Reservoir for hiking, fishing, and leisurely picnics, while retail aficionados can peruse the array of shops and boutiques in the vicinity for a satisfying shopping experience. Conveniently situated near Interstate 125, this multifamily property in Spring Valley, California, offers easy access to major transportation routes, ensuring seamless connectivity to neighboring areas and beyond. Whether residents are commuting to work or embarking on leisurely excursions, the proximity to Interstate 125 facilitates efficient travel and enhances the overall convenience of the location. With its promising prospects for value appreciation and lucrative returns, this multifamily property stands as a testament to the potential for success in the Spring Valley real estate market. Whether you're seeking to expand your investment portfolio or embark on a new venture, this property offers the perfect opportunity to achieve your financial goals while providing residents with a comfortable and convenient place to call home. Some pictures are virtually staged.
Last Updated | 8/12/2024 | Year Built | 1977 |
---|---|---|---|
Community | Spring Valley | County | San Diego |
Additional Details
AREA | Spring Valley |
---|---|
HOA DUES | 0 |
LOT | 6750 sq ft |
LOT DESCRIPTION | 0-1 Unit/Acre |
STORIES | 2 |
ZONING | C36 |
Location
Contact us about this Property
/ | |
We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Carie Webber to contact you even if your name is on a Federal or State "Do not call List". |
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2024.