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1450 Sweetwater Ln, Spring Valley, CA 91977
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1450 Sweetwater Ln Spring Valley, CA 91977

$850,000
  • 5 Beds
  • 2 Baths
  • -- Sq.Ft.
Pending
$850,000 Get Pre-Qualified
Map preview of 1450 Sweetwater Ln, Spring Valley, CA 91977

Property Overview: 1450 Sweetwater Ln Spring Valley, CA has 5 bedrooms, 2 bathrooms, -- living square feet and 9,889 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Ryan Merriken | BRE #02147674 | JLM Real Estate Inc.
Last checked: 12 minutes ago | Last updated: May 13th, 2024 | Source CRMLS | DOM: 38
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Home details

Lot Sq. Ft
9,889
HOA Dues
$0/mo
Year built
1976
Garage
--
Property Type:
Multi Family
Status
Pending
MLS#
240005856SD
City
Spring Valley
County
San Diego
Time on Site
62 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $1,600
  • Total Rent: --
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 2
  • # of Units: --
  • # of Beds: --
  • # of Baths: 0
  • Total Rent: --
Unit Breakdown 3
  • # of Units: --
  • # of Beds: --
  • # of Baths: 0
  • Total Rent: --
Unit Breakdown 4
  • # of Units: --
  • # of Beds: 3
  • # of Baths: 1
  • Actual Rent: $2,000
  • Total Rent: --
  • Pro Forma/Market Rent: $3,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.3%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $43,200
  • Net Operating Income: $22,969
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1450 Sweetwater Ln

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
Interior Features
  • Levels: Two
Exterior Features
Exterior Information
  • Roof: Composition
  • Has Fence
  • Partial
  • No Spa
Lot Details / Garage and Parking
Lot Information
  • Lot Size Source: Public Records
Property Information
  • No View
  • Total # of Units: 2
  • Parcel Number: 5781435300
Location / Neighborhood
Location Information
  • Subdivision Name: Spring Valley
  • Directions: CrossStreet: Harness St
View more facts & features

Local Spring Valley Agent

Sale History for 1450 Sweetwater Ln

Last sold for $151,500 on June 28th, 1999

  • May, 2024

  • May 13, 2024

    Date

    Pending

    CRMLS: 240005856SD

    $850,000

    Price

  • Mar 18, 2024

    Date

    Active

    CRMLS: 240005856SD

    $850,000

    Price

  • June, 1999

  • Jun 28, 1999

    Date

    Sold (Public Records)

    Public Records

    $151,500

    Price

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Tax History for 1450 Sweetwater Ln

Assessed Value (2020): $451,573
Year Land Value Improved Value Assessed Value
2020 $204,863 $246,710 $451,573

Home Value Compared to the Market

This property vs the competition

1450 Sweetwater Ln is listed 13.35% higher than the median list price for the city of Spring Valley which has a median list price of $749,900.

About 1450 Sweetwater Ln

Detailed summary of property

1450 Sweetwater Ln is a multi family located in Spring Valley, CA 91977 and is currently in escrow to be sold. This multi family property offers 5 bedrooms, 2 bathrooms, roughly -- living square feet, and sits on an approximately 9,889 square foot lot. 1450 Sweetwater Ln was first listed on ArdentRealEstateGroup.com on March 18, 2024. The homeowner is currently asking $850,000. The median priced home in Spring Valley is $749,900 with a median price per square foot of $468. Based on Ardent Real Estate Group's Spring Valley Market Data, this home is listed 13.35% higher than the median priced home. Local competing homes currently for sale include 856 N Arrowhead Ave, 933 N Mountain View Ave and 725 S Dickel St. While the average home in Spring Valley, CA is selling in 81 days, 1450 Sweetwater Ln has a days on market of 38 days. There are currently 143 homes for sale in the Spring Valley real estate market and 110 of them are single family homes while 21 of them are condos and 12 are townhomes. For more information on this home for sale at 1450 Sweetwater Ln Spring Valley, CA 91977 contact Ardent Real Estate Group and we will put you in touch with one of our Spring Valley agents.

Public Facts for 1450 Sweetwater Ln

Public county record property details
Beds
5
Baths
2
Year built
1976
Sq. Ft.
1,798
Lot Size
9,889
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
San Diego
Lot#
--
APN
578-143-53-00

The source for these homes facts are from public records.

91977 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$748,000
Median List Price/Sq.Ft.
$467
Median Sold Price
$700,000
Median Sold Price/Sq.Ft.
$505
Total Inventory
127
Median Sale to List Price %
99.29%
Avg Days on Market
17
Loan Type
Conventional (57.14%), FHA (19.05%), VA (19.05%), Cash (4.76%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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