1450 Sweetwater Lane

Spring Valley, CA 91977

$850,000
Price
5
Beds
2
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

1450-52 Sweetwater Lane is a two unit property located in Spring Valley. The building consists of 1,798 square feet between a 3bed/1bath and 2bed/1bath units. This property sits on a large 9,889 square foot lot located directly across from the Sweetwater Lane Sports Complex. The current owners have recently replaced the roof, painted the exterior and partially renovated the 3bed unit. The renovations include: new counter tops, kitchen cabinets, and new bathroom. There are also two remote controlled...1450-52 Sweetwater Lane is a two unit property located in Spring Valley. The building consists of 1,798 square feet between a 3bed/1bath and 2bed/1bath units. This property sits on a large 9,889 square foot lot located directly across from the Sweetwater Lane Sports Complex. The current owners have recently replaced the roof, painted the exterior and partially renovated the 3bed unit. The renovations include: new counter tops, kitchen cabinets, and new bathroom. There are also two remote controlled garages that the tenants have available to them as well as a large space for parking located behind the existing structure. The owners installed solar panels for tenant use a couple years ago, there is still a lease with the solar company. Situated a convenient distance from downtown San Diego, Spring Valley offers residents a peaceful suburban environment while still providing easy access to the city's resources and attractions. This property is adjacent to the 125 Freeway, which makes for easy traveling.
  1. Listed by Ryan Merriken • DRE #02147674 • Brokerage DRE #02068011 • JLM Real Estate Inc.

Property Details for 1450 Sweetwater Lane

Cross Streets
Harness St
Source Living Area
404
Area
Other (LCOTH)
Lot Size Area
9889
Home owner Dues
$0
HOA Fee Frequency 1
Monthly
HOA Fee 2
$0
HOA Fee Frequency 2
Monthly

Location

Listing Courtesy of JLM Real Estate Inc., Ryan Merriken, DRE #02147674
Add your commute
LISTING UPDATED: 04/10/2024 01:51 PM

Property Details for 1450 Sweetwater Lane

StatusActive
MLS #240005856SD
Days on Market34
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1976
Lot Size0.23 AC / 9,889 SF
CountySan Diego County

Location

Listing Courtesy of JLM Real Estate Inc., Ryan Merriken, DRE #02147674
Add your commute

Building Information for 1450 Sweetwater Lane

Stories2Residences-Year Built1976Building Size-Lot Size0.23 AC / 9,889 SF

Payment Calculator

$4,639 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,639

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1450 Sweetwater Lane

Community / Development
Community / Development
  • Complex Name: Sweetwater Lane Sports Co
  • Number Of Units: 2
  • Builders Tract Name: Spring Valley
  • Earth Quake Insurance: 0
Structure Info
Structure Info
  • Number Of Stories: 2
  • View: No
  • Security Features: None
Contract Info
Contract Info
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Net Operating Income: $22,969.00
  • Gross Scheduled Income: $43,200
  • Cap Rate: 3.30%
  • Gross Rent Multiplier: $19.70
  • Other Income1: $.00
  • Total Annual Expense: 18935
Land / Lot Info
Land / Lot Info
  • Horse: No
  • Land Included: No
  • Lot Acreage: 0.23
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: None
Exterior Features
Exterior Features
  • Pool: No
  • Spa: No
  • Roof: Composition
  • Fence: Partial
Lease Terms
Lease Terms
  • Listing Terms: Cash, Conventional
  • Tenant Pays: Electricity, Gas/Propane
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Rent: $2,000.00
  • Unit Actual Rent: $2,000.00
  • Unit Projected Rent: $3,300.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Rent: $1,600.00
  • Unit Actual Rent: $1,600.00
  • Unit Projected Rent: $2,100.00
  • Like Units: 1

Property History for 1450 Sweetwater Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1450 Sweetwater Lane

This home is within Grossmont Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 4 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Kempton Street Elementary School
PublicK to 5

Mount Miguel High School
Public9 to 12

Quest Academy
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1450 Sweetwater Lane is a multi-family home for sale in Spring Valley, CA 91977. This property was listed for sale on March 17, 2024 by JLM Real Estate Inc., it's currently listed at $850,000. This listing's school districts are Grossmont Union High School District, La Mesa-Spring Valley School District. Nearby schools include Kempton Street Elementary School, Science, Technology, Engineering, Arts, And Math Academy At La Presa and Mount Miguel High School. 1450 Sweetwater Lane is a 5-bed, 2-bath, multi-family home built in 1976.

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Listing Courtesy of JLM Real Estate Inc., Ryan Merriken, DRE #02147674

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