3145-3147 Ronald Court

Spring Valley, CA 91977

$799,900
Price
6
Beds
2,184 Sq. Ft.
$366 / Sq. Ft.
2,184
Sq. Ft.
$366
per Sq. Ft.

Description

Wonderful Spring Valley Triplex with potential Assumable Loan at a very low interest rate! Do not disturb tenants and do not drive on to the property. Current Cap Rate is over 6% and projected Cap Rates support a value well over $1M. Great investment property with existing cash flow in place. Three updated units with new flooring and updates throughout, including AC. Comprised of three 2b/1b units with spacious shared driveway & two assigned parking spaces per unit. Multi-family property with residential...Wonderful Spring Valley Triplex with potential Assumable Loan at a very low interest rate! Do not disturb tenants and do not drive on to the property. Current Cap Rate is over 6% and projected Cap Rates support a value well over $1M. Great investment property with existing cash flow in place. Three updated units with new flooring and updates throughout, including AC. Comprised of three 2b/1b units with spacious shared driveway & two assigned parking spaces per unit. Multi-family property with residential income or live in one unit and rent the other two. Lamar Park is adjacent to this property just located steps from your front doors! Next door to 9 acres of open green space, playgrounds, picnic tables, and a perfect place to play and relax. Quick access to the 94 freeway.
  1. Listed by David Waitley • DRE #00939416 • Brokerage DRE #00939416 • Heritage Re David Waitley Co B • davidwaitley@att.net
  2. Listed by Demi Waitley • DRE #02027928 • Brokerage DRE #00939416 • Heritage Re David Waitley Co B

Property Details for 3145-3147 Ronald Court

Parking Spaces Total
6
Private Pool
No
Cooling Type
Central
Total Units
3.0
Building Type
Attached
Lot Size Source
Other
Living Area
2184
Assessor Parcel Number
503-271-19-00

Location

Listing Courtesy of Heritage Re David Waitley Co B, David Waitley, DRE #00939416; Heritage Re David Waitley Co B, Demi Waitley, DRE #02027928
Add your commute
LISTING UPDATED: 04/27/2024 11:13 AM

Property Details for 3145-3147 Ronald Court

StatusActive
MLS #PTP2402370
Days on Market12
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1959
Lot Size0.23 AC / 10,165 SF
CountySan Diego County

Location

Listing Courtesy of Heritage Re David Waitley Co B, David Waitley, DRE #00939416; Heritage Re David Waitley Co B, Demi Waitley, DRE #02027928
Add your commute

Building Information for 3145-3147 Ronald Court

Stories1Residences-Year Built1959Building Size-Lot Size0.23 AC / 10,165 SF

Payment Calculator

$4,365 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,365

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3145-3147 Ronald Court

Income / Expense / Tax Details
Income Details
  • Gross Income: $66,200
  • Gross Scheduled Income: $82,000
  • Net Operating Income: $64,000
  • Cap Rate: 8.0
Expense Details
  • Operating Expense: $18,000
  • New Taxes Expense: $0
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $18,000
Tax / Assessment Info
  • Tax Tract Number: 001685
  • Tax Lot: 83108
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Sidewalks, Street Lights, Suburban, Biking, Dog Park, Hiking, Park
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
Exterior Features
  • Entry Location: 1
  • Fence: No
  • Pool Features: None
  • Pool Description: None
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Shared Driveway, Uncovered
  • Uncovered Spaces: 6
  • Open Other Spaces Total: 6
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Gravel, On Site, Shared Driveway, Uncovered
Unit Information
Unit 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,295
  • Unit Type Total Rent: $2,350
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 1
Unit 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,695
  • Unit Type Total Rent: $1,730
  • Unit Type Pro Forma: 2200
  • Unit Type Type: 2
Unit 3
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,393
  • Unit Type Total Rent: $2,450
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 3
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 2
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Number With Disposal: 3
  • Number With Drapes: 3
  • Number With Patio: 3
  • Number Wall AC: 3

Property History for 3145-3147 Ronald Court

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 3145-3147 Ronald Court

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

Spring Valley Middle School
Public5 to 8

Monte Vista 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.

Similar Homes

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3145-3147 Ronald Court is a multi-family home for sale in Spring Valley, CA 91977. This property was listed for sale on April 26, 2024 by Heritage Re David Waitley Co B, it's currently listed at $799,900. This listing's school districts are Grossmont Union High School District, La Mesa-Spring Valley School District. Nearby schools include Bancroft Elementary School, Spring Valley Middle School and Monte Vista High School. 3145-3147 Ronald Court is a 6-bed, 0-bath, 2,184 sqft multi-family home built in 1959.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Heritage Re David Waitley Co B, David Waitley, DRE #00939416; Heritage Re David Waitley Co B, Demi Waitley, DRE #02027928

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