8911 Troy Street

Spring Valley, CA 91977

$1,550,000
Price
3
Beds
2,642 Sq. Ft.
$587 / Sq. Ft.
2,642
Sq. Ft.
$587
per Sq. Ft.

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....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.
  1. Listed by Max Delbecq • DRE #01964069 • Brokerage DRE #02059064 • Top Gun CRE • maxd@topguncre.com

Property Details for 8911 Troy Street

Parking Spaces Total
5
Private Pool
No
Total Units
2.0
Building Type
Detached
Lot Size Source
Public Records
Living Area
2642
Assessor Parcel Number
503-290-08-00
Property Attached YN
false

Location

Listing Courtesy of Top Gun CRE, Max Delbecq, DRE #01964069
Add your commute
LISTING UPDATED: 03/27/2024 05:01 PM

Property Details for 8911 Troy Street

StatusActive
MLS #PTP2400395
Days on Market105
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2010
Lot Size0.48 AC / 20,948 SF
CountySan Diego County

Location

Listing Courtesy of Top Gun CRE, Max Delbecq, DRE #01964069
Add your commute

Virtual Tour

Building Information for 8911 Troy Street

Stories1Residences-Year Built2010Building Size-Lot Size0.48 AC / 20,948 SF

Payment Calculator

$9,043 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,459

Property Taxes

$584

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 8911 Troy Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $76,824
  • Gross Scheduled Income: $79,200
  • Net Operating Income: $50,143
  • Cap Rate: 3.24
Expense Details
  • Operating Expense: $26,681
  • New Taxes Expense: $18,133
  • Insurance Expense: $1,717
  • Trash Expense: $1,800
  • Water Sewer Expense: $547
  • Total Expenses: $26,681
Tax / Assessment Info
  • Tax Tract Number: 503290
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 5032900800
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Sewer Assessments
  • Community Features: Curbs, Horse Trails, Rural, Sidewalks, Street Lights, Suburban, Biking, Hiking, Park
  • Complex Features: Horse Trails
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Dryer Included, Electric Dryer Hookup, Individual Room, Inside, Washer Hookup, Washer Included
Exterior Features
  • Entry Location: Front Gate
  • Fence: No
  • Miscellaneous: Value in Land
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Back Yard, Front Yard, Landscaped, Lawn, Level with Street, Lot 20000-39999 Sqft, Level, Near Public Transit, Park Nearby, Paved, Utilities - Overhead, Value In Land, Yard
  • Lot Location: Rural, Near Public Transit, Park Nearby
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 5
  • Parking: No
  • Parking Garage Spaces: 5
  • Carport Spaces: 0
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: $2,750
  • Unit Type Total Rent: $2,750
  • Unit Type Pro Forma: 2750
  • Unit Type Type: 1
Unit 2
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,350
  • Unit Type Total Rent: $2,350
  • Unit Type Pro Forma: 2350
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1

Property History for 8911 Troy Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 8911 Troy Street

Taxable ValueLand$312,120Additions$234,090Total$546,210
Tax Record2023$7,005 ($584 / month)
Home Facts
Beds4Total Finished SqFt1,458 SqFtAbove Grade Finished SqFt1,458 SqFtLot Size20,948 SqFtStyleSingle Family ResidenceYear Built1961ZoningR-1:SINGLE FACountySAN DIEGOAPN503-290-08-00

Schools near 8911 Troy Street

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

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.

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8911 Troy Street is a multi-family home for sale in Spring Valley, CA 91977. This property was listed for sale on January 19, 2024 by Top Gun CRE, it's currently listed at $1,550,000. It has been on the market for a total of 105 days and was last sold on April 30, 2007. This listing's school districts are Grossmont Union High School District, La Mesa-Spring Valley School District. Nearby schools include Bancroft Elementary School, Science, Technology, Engineering, Arts, And Math Academy At La Presa and Monte Vista High School. 8911 Troy Street is a 3-bed, 0-bath, 2,642 sqft multi-family home built in 2010.

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Listing Courtesy of Top Gun CRE, Max Delbecq, DRE #01964069

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