937 Grand Avenue

Spring Valley, CA 91977

$1,750,000
Price
Beds
3,540 Sq. Ft.
$494 / Sq. Ft.
3,540
Sq. Ft.
$494
per Sq. Ft.

Description

Great 4 Unit investment property that qualifies for 30-year fixed financing! This income property is located at Spring Valley and offers, two units that are -3 bedroom/1 bath and two units that are -2 bedroom/1 bath. Units have been fully remodeled and great tenants in place! Laundry facility on site and 4 individual storage rooms can be extra income, Convenient Alley access with lots parking space for tenants to use as well! Shown w Accepted offer!Great 4 Unit investment property that qualifies for 30-year fixed financing! This income property is located at Spring Valley and offers, two units that are -3 bedroom/1 bath and two units that are -2 bedroom/1 bath. Units have been fully remodeled and great tenants in place! Laundry facility on site and 4 individual storage rooms can be extra income, Convenient Alley access with lots parking space for tenants to use as well! Shown w Accepted offer!
  1. Listed by Mike Aon • DRE #01300658 • Brokerage DRE #01233826 • Realty Executives Dillon • mikeaon@cox.net

Property Details for 937 Grand Avenue

Parking Spaces Total
8
Private Pool
No
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
3540
Assessor Parcel Number
584-280-44-00
Property Attached YN
true

Location

Listing Courtesy of Realty Executives Dillon, Mike Aon, DRE #01300658
Add your commute
LISTING UPDATED: 03/17/2024 01:10 AM

Property Details for 937 Grand Avenue

StatusActive
MLS #PTP2400934
Days on Market67
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1973
Lot Size0.16 AC / 7,181 SF
CountySan Diego County

Location

Listing Courtesy of Realty Executives Dillon, Mike Aon, DRE #01300658
Add your commute

Building Information for 937 Grand Avenue

Stories2Residences-Year Built1973Building Size-Lot Size0.16 AC / 7,181 SF

Payment Calculator

$10,495 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,550

Property Taxes

$945

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 937 Grand Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $123,540
  • Gross Scheduled Income: $123,540
  • Net Operating Income: $89,424
  • Cap Rate: 4.5
Expense Details
  • Operating Expense: $34,116
  • New Taxes Expense: $25,000
  • Insurance Expense: $2,500
  • Trash Expense: $3,600
  • Water Sewer Expense: $3,000
  • Total Expenses: $34,100
Tax / Assessment Info
  • Tax Tract Number: 000441
  • CFD/Mello-Roos Fee: $1,931
  • Tax Lot: 0
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Buyer to Verify, Unknown
  • Community Features: Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Outside
Exterior Features
  • Entry Location: 1
  • Fence: No
  • Property Condition: Updated/Remodeled
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Unassigned
  • Uncovered Spaces: 8
  • Open Other Spaces Total: 8
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Off Street, Unassigned
Unit Information
Unit Information
  • Number Of Units Leased: 4
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 937 Grand Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 937 Grand Avenue

Taxable ValueLand$446,750Additions$362,655Total$809,405
Tax Record2023$11,344 ($945 / month)
Home Facts
Total Finished SqFt3,540 SqFtAbove Grade Finished SqFt3,540 SqFtLot Size7,181 SqFtStyleMulti-Family Dwelling (2-4)Year Built1973ZoningCOMMERCIALCountySAN DIEGOAPN584-280-44-00

Schools near 937 Grand Avenue

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
La Presa 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.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

937 Grand Avenue is a multi-family home for sale in Spring Valley, CA 91977. This property was listed for sale on January 18, 2024 by Realty Executives Dillon, it's currently listed at $1,750,000. It has been on the market for a total of 67 days and was last sold on November 27, 2019. This listing's school districts are Grossmont Union High School District, La Mesa-Spring Valley School District. Nearby schools include La Presa Elementary School, Science, Technology, Engineering, Arts, And Math Academy At La Presa and Monte Vista High School. 937 Grand Avenue is a 0-bed, 0-bath, 3,540 sqft multi-family home built in 1973.

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 Realty Executives Dillon, Mike Aon, DRE #01300658

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by SDMLS®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 SDMLS®, Inc.