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757 Grand Ave, Spring Valley, CA 91977
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757 Grand Ave Spring Valley, CA 91977

$3,995,000
  • 95 Beds
  • 57 Baths
  • 8,840 Sq.Ft.
For Sale
$3,995,000 Get Pre-Qualified
Map preview of 757 Grand Ave, Spring Valley, CA 91977

Property Overview: 757 Grand Ave Spring Valley, CA has 95 bedrooms, 57 bathrooms, 8,840 living square feet and 10,120 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: Lots of real estate and income for the money! A fully gated and leased 10-unit condo style apartment building. Desirable unit mix with larger 8 (2 bed / 1.5 Baths and two extra-large (1 bed / 1 bath, all 10 units have recent interior improvements, The complex offers investors the opportunity to purchase a pride of ownership well-maintained property with tremendous upside in San Diego's most desirable and affordable neighborhood. Investors can purchase the asset, decrease expenses through increased rents and create a well cash-flow asset in one of San Diego best performing markets. This is a rare opportunity for an investor to enjoy a stream of income in a highly desirable area. There is a laundry room currently in use that yields additional income This asset represents a unique offering with immediate value-add upside. All reasonable offers will be considered. Submit your offer today. You’ll be glad you did.

Listed by Ed Bustamante | BRE #00845295 | South Bay Real Estate
Last checked: 6 minutes ago | Last updated: February 8th, 2024 | Source CRMLS | DOM: 86
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Home details

Lot Sq. Ft
10,120
HOA Dues
$0/mo
Year built
1965
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
PTP2400621
City
Spring Valley
County
San Diego
Time on Site
108 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 1
  • # of Leased Units: 9
  • # of Electric Meters: 10
  • # of Gas Meters: 10
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 10
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Actual Rent: $1,550
  • Total Rent: $1,550
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 3
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Actual Rent: $1,950
  • Total Rent: $1,950
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 4
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $1,900
Unit Breakdown 5
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 6
  • # of Units: 7
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Actual Rent: $1,875
  • Total Rent: $1,875
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 7
  • # of Units: 8
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Actual Rent: $1,600
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 8
  • # of Units: 9
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 9
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Actual Rent: $2,500
  • Total Rent: $2,500
  • Pro Forma/Market Rent: $2,650
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,650
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.1%
  • Gross Rent Multiplier: 17.41
  • Gross Scheduled Income: $229,440
  • Net Operating Income: $203,628
  • Gross Operating Income: $217,968
  • Vacancy Allowance: $11,472
  • Gross Spendable Income: $203,628
Annual Expense Breakdown
  • Total Operating Expense: $14,340
  • New Taxes: $13,754
  • Trash: $3,600
  • Insurance: $3,781
  • Professional Management: $0
  • Water/Sewer: $15,815

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Property Details for 757 Grand Ave

Interior Features
Cooling Information
  • No Cooling
Heating Information
  • No Heating
Laundry Information
  • Has Laundry
  • Common Area, Community, Outside
Fireplace Information
  • No Fireplace
Kitchen Information
  • No Appliances
Exterior Features
Exterior Information
  • No Fence
  • No Spa
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 7
  • No
Lot Information
  • Lot Features: Front Yard, Level with Street, Lot 10000-19999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • Common Walls: 2+ Common Walls, End Unit
  • Total # of Units: 10
  • Parcel Number: 5843605500
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Directions: From freeway 54 take Jamacha Blvd. and go east and take a left at Grand Ave. You’ll find 757 Grand Avenue on the right.
Neighborhood Information
  • Community Features: Gutters, Sidewalks, Street Lights, Suburban, Biking, Lake
View more facts & features

Local Spring Valley Agent

Sale History for 757 Grand Ave

Last sold for $566,000 on October 15th, 2001

  • February, 2024

  • Feb 1, 2024

    Date

    Expired

    CRMLS: PTP2302923

    $3,500,000

    Price

  • Jun 19, 2023

    Date

    Active

    CRMLS: PTP2302923

    $3,750,000

    Price

  • Listing provided courtesy of CRMLS

    Lots of real estate and income for the money! A fully gated and leased 10-unit condo style apartment building. Desirable unit mix with larger 8 (2 bed / 1.5 Baths and two extra-large (1 bed / 1 bath, all 10 units have recent interior improvements, The complex offers investors the opportunity to purchase a pride of ownership well-maintained property with tremendous upside in San Diego's most desirable and affordable neighborhood. Investors can purchase the asset, decrease expenses through increased rents and create a well cash-flow asset in one of San Diego best performing markets. ($ 331,200.00) Projected annual rental income Investment. This is a rare opportunity for an investor to enjoy a stream of income in a highly desirable area. There is a laundry room currently not in use that could yield additional income Lots of real estate for the money. This asset represents a unique offering with immediate value-add upside. Submit your offer today. You’ll be glad you did.

  • February, 2024

  • Feb 1, 2024

    Date

    Active

    CRMLS: PTP2400621

    $3,995,000

    Price

  • October, 2001

  • Oct 15, 2001

    Date

    Sold (Public Records)

    Public Records

    $566,000

    Price

  • September, 2001

  • Sep 28, 2001

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 757 Grand Ave

Assessed Value (2020): $763,863
Year Land Value Improved Value Assessed Value
2020 $162,088 $601,775 $763,863

Home Value Compared to the Market

This property vs the competition

757 Grand Ave is listed 432.74% higher than the median list price for the city of Spring Valley which has a median list price of $749,900. The median price per/sqft for Spring Valley is $468 and this home is listed at $451.92 per/sqft which puts the price per square foot 3.44% lower than the median price per square foot for the city of Spring Valley.

About 757 Grand Ave

Detailed summary of property

757 Grand Ave is a multi family located in Spring Valley, CA 91977 and is currently for sale. This multi family property offers 95 bedrooms, 57 bathrooms, roughly 8,840 living square feet, and sits on an approximately 10,120 square foot lot. 757 Grand Ave was first listed on ArdentRealEstateGroup.com on February 1, 2024. The homeowner is currently asking $3,995,000. 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 432.74% higher than the median priced home. Local competing homes currently for sale include 603 E Balboa Blvd, 219 E Bay Ave and 916 W Balboa Blvd. While the average home in Spring Valley, CA is selling in 81 days, 757 Grand Ave has a days on market of 86 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 757 Grand Ave 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 757 Grand Ave

Public county record property details
Beds
18
Baths
19
Year built
1965
Sq. Ft.
8,840
Lot Size
10,120
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
San Diego
Lot#
2-4
APN
584-360-55-00

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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