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8911 Troy St, Spring Valley, CA 91977
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8911 Troy St Spring Valley, CA 91977

$1,500,000
  • 3 Beds
  • 2 Baths
  • 2,642 Sq.Ft.
For Sale
$1,500,000 Get Pre-Qualified
Map preview of 8911 Troy St, Spring Valley, CA 91977

Property Overview: 8911 Troy St Spring Valley, CA has 3 bedrooms, 2 bathrooms, 2,642 living square feet and 20,948 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: 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.

Listed by Max Delbecq | BRE #01964069 | Top Gun CRE
Last checked: 14 minutes ago | Last updated: May 8th, 2024 | Source CRMLS | DOM: 118
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Home details

Lot Sq. Ft
20,948
HOA Dues
$0/mo
Year built
2010
Garage
5 Car
Property Type:
Duplex
Status
Active
MLS#
PTP2400395
City
Spring Valley
County
San Diego
Time on Site
120 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 3
  • # of Electric Meters: 2
  • # of Gas Meters: 2
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: --
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Actual Rent: $2,750
  • Total Rent: $2,750
  • Pro Forma/Market Rent: $2,750
Unit Breakdown 2
  • # of Units: --
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Actual Rent: $2,350
  • Total Rent: $2,350
  • Pro Forma/Market Rent: $2,350
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.24%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $79,200
  • Net Operating Income: $50,143
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $26,681
  • New Taxes: $18,133
  • Trash: $1,800
  • Insurance: $1,717
  • Water/Sewer: $547

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Property Details for 8911 Troy St

Interior Features
Cooling Information
  • No Cooling
Heating Information
  • No Heating
Laundry Information
  • Has Laundry
  • Dryer Included, Electric Dryer Hookup, Individual Room, Inside, Washer Hookup, Washer Included
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 Garage Spaces: 5
  • # of Parking Spaces: 5
  • No
Lot Information
  • 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 Size Source: Public Records
Property Information
  • No View
  • Common Walls: No Common Walls
  • Total # of Units: 2
  • Parcel Number: 5032900800
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
Assessment Information
  • Has Assessments
  • Assessments: Sewer Assessments
Location / Neighborhood
Location Information
  • Directions: Google Maps
Neighborhood Information
  • Community Features: Curbs, Horse Trails, Rural, Sidewalks, Street Lights, Suburban, Biking, Hiking, Park
View more facts & features

Local Spring Valley Agent

Sale History for 8911 Troy St

Last sold on November 20th, 2020

  • January, 2024

  • Jan 19, 2024

    Date

    Active

    CRMLS: PTP2400395

    $1,550,000

    Price

  • November, 2020

  • Nov 20, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • May, 2007

  • May 8, 2007

    Date

    Sold (Public Records)

    Public Records

    $450,000

    Price

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Tax History for 8911 Troy St

Assessed Value (2020): $485,000
Year Land Value Improved Value Assessed Value
2020 $265,000 $220,000 $485,000

Home Value Compared to the Market

This property vs the competition

8911 Troy St is listed 100.03% 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 $567.75 per/sqft which puts the price per square foot 21.31% higher than the median price per square foot for the city of Spring Valley.

About 8911 Troy St

Detailed summary of property

8911 Troy St is a duplex located in Spring Valley, CA 91977 and is currently for sale. This duplex offers 3 bedrooms, 2 bathrooms, roughly 2,642 living square feet, and sits on an approximately 20,948 square foot lot. 8911 Troy St was first listed on ArdentRealEstateGroup.com on January 20, 2024. The homeowner is currently asking $1,500,000 and was originally asking $1,550,000. 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 100.03% higher than the median priced home. Local competing homes currently for sale include 3159 1st St, 750 N Adele St and 545 S Ranch View Circle. While the average home in Spring Valley, CA is selling in 81 days, 8911 Troy St has a days on market of 118 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 8911 Troy St 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 8911 Troy St

Public county record property details
Beds
4
Baths
2
Year built
1961
Sq. Ft.
1,458
Lot Size
20,948
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
San Diego
Lot#
64
APN
503-290-08-00

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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