3720-3722 Bancroft Drive

    Spring Valley, CA 91977
    • $875,000
    • STATUS: ACTIVE
    • ON SITE: 9 days
    • ID#: 180051968
    UPDATED: 43 min ago
    $875,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1951
    County:

    Description

    Realistic investments opportunity, multi-purpose lot has 3 detached residences, 2 with two-car garages, fenced yards (3722 artificial & 3720 natural landscape, & W/D hookups), energy efficient windows, bonus studio (private walkway, security gate, deck & 1 parking spot). Commuter benefit is freedom of central location of Hwy 94 & 125 hub, discover local shops in Casa de Oro, La Mesa, & Lemon Grove, use Spring Street Station, Orange Line MTS Trolley (1.5 mi) or walk to bus stops, & local parks (< 1 mi). Rehmann Realty Group is pleased to present you this: La Mesa Country Club subdivision investment property offering 3 detached living units in north Spring Valley. Two are detached homes w/2 car garages w/automatic door openers (3722 - new insulated garage door & 3720 - detached 2 car garage is the 4th building on the lot), yards/patios are fenced (3722 has artificial grass & 3720 has natural grass). The mid-property bonus studio has all new stainless steel appliances, private walkway/security gate entrance, and entertainment deck. Additionally, the lot zoning was upgraded from multi-unit residential to general commercial (C37) offering future redevelopment & commercial growth with a secondary purpose as residential. Commuters benefit from this central San Diego property location with local shopping, or travel to Downtown (12 mi) & Beaches (15 mi). This incredible property is being offered to an investor looking to improve their “Return on Investment” or a home buyer looking for additional sources of income plus the ability to build financial independence, or add security for retirement! Some upgraded features on the property include, new 30 yr roofs (all 4 buildings installed 4/18) and the 3 living units have dual pane energy efficient windows to lower energy bills. Buyer to verify all information.

    Monthly Payment Calculator

    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 San Diego MLS. 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 © 2018 San Diego MLS, Inc.
    www.triolorealty.com/homes/87528015

    3720-3722 Bancroft Drive Spring Valley, CA 91977

    • Price: $875,000
    • Status: ACTIVE
    • Updated: 43 min ago
    • ID#: 180051968
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1951
    Built
    Neighborhood:
    La Mesa Country Estates
    County:
    San Diego
    Area:
    Spring Valley (91977)
    Elementary School:
    La Mesa Spring Valley School District
    Middle School:
    La Mesa Spring Valley School District
    High School:
    Grossmont Union High School District
    Property Description
    Realistic investments opportunity, multi-purpose lot has 3 detached residences, 2 with two-car garages, fenced yards (3722 artificial & 3720 natural landscape, & W/D hookups), energy efficient windows, bonus studio (private walkway, security gate, deck & 1 parking spot). Commuter benefit is freedom of central location of Hwy 94 & 125 hub, discover local shops in Casa de Oro, La Mesa, & Lemon Grove, use Spring Street Station, Orange Line MTS Trolley (1.5 mi) or walk to bus stops, & local parks (< 1 mi). Rehmann Realty Group is pleased to present you this: La Mesa Country Club subdivision investment property offering 3 detached living units in north Spring Valley. Two are detached homes w/2 car garages w/automatic door openers (3722 - new insulated garage door & 3720 - detached 2 car garage is the 4th building on the lot), yards/patios are fenced (3722 has artificial grass & 3720 has natural grass). The mid-property bonus studio has all new stainless steel appliances, private walkway/security gate entrance, and entertainment deck. Additionally, the lot zoning was upgraded from multi-unit residential to general commercial (C37) offering future redevelopment & commercial growth with a secondary purpose as residential. Commuters benefit from this central San Diego property location with local shopping, or travel to Downtown (12 mi) & Beaches (15 mi). This incredible property is being offered to an investor looking to improve their “Return on Investment” or a home buyer looking for additional sources of income plus the ability to build financial independence, or add security for retirement! Some upgraded features on the property include, new 30 yr roofs (all 4 buildings installed 4/18) and the 3 living units have dual pane energy efficient windows to lower energy bills. Buyer to verify all information.
    Exterior Features

    Boat Facilities No/Unknown Exterior Stucco Fencing FullGate Frontage N/K Frontage Dimensions In Feet 52 Irrigation N/K Parking For RV None Known Parking Garage Desc Unit1 Detached Parking Garage Desc Unit2 Attached Parking Garage Desc Unit3 N/K Parking Garage Spaces Unit1 2 Parking Garage Spaces Unit2 2 Parking Garage Spaces Unit3 0 Parking Non Garage Desc Unit1 TandemUncovered Parking Non Garage Desc Unit2 Uncovered Parking Non Garage Desc Unit3 AssignedDetachedUncovered Pool N/K Pool Heat None Known Roof Composition Site Street Paved Spa N/K Spa Heat None Known Topography LevelSlope Gentle Unit1 Exclusive Use Yard Yes Unit2 Exclusive Use Yard Yes Unit3 Exclusive Use Yard Yes Units With Garages 2 Units With Patios 3 View N/K

    Interior Features

    Bedrooms Unit1 1 Bedrooms Unit2 2 Bedrooms Unit3 0 Cooling Other/Remarks Full Baths Unit1 1 Full Baths Unit2 1 Full Baths Unit3 1 Furnished Units 0 Half Baths Unit1 0 Half Baths Unit2 0 Half Baths Unit3 0 Heat Equipment N/K Heat Source Other/Remarks Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 0 Unit1 Estimated Sq Ft 693 Unit1 Laundry Hook Ups Yes Unit2 Estimated Sq Ft 1058 Unit2 Laundry Hook Ups Yes Unit3 Estimated Sq Ft 208 Unit3 Laundry Hook Ups No Units With Cooling 1 Units With Dishwashers 0 Units With Dryers 0 Units With Fireplaces 0 Units With Range Oven 2 Units With Refrigerators 3 Units With Washers 0 Water Heater Type ElectricGas

    Property Features

    Actual Cap Rate 0.05 Additional Property Use Res/Business Use Ok Age Restrictions N/K Annual Expense Actual 12000 Annual Expense Projected 15000 Association ID San Diego Association Of Realtors (Sdar) Buildings 4 Cfd Mello Roos Fee 0 Community Spring Valley Complex Features Other/Remarks Complex Park La Mesa Country Club Estates Cross Streets Golf Drive Gross Rent Multiplier Actual 15 Gross Rent Multiplier Project 14 Gross Scheduled Income Actual 56000 Gross Scheduled Income Project 62100 Home Owners Assoc Fee Includes N/K Jurisdiction Unincorporated Mandatory Remarks None Known Market Area East County Miscellaneous N/K Monthly Total Fees 0 Net Operating Income Projected 47100 Other Fee Type N/K Other Fees 0 Other Income Actual 0 Pets Yes Possession Call Listing Agent Projected Cap Rate 0.05 Sales Restrictions N/K Security N/K Sewer Septic Sewer Connected Short Sale No Telecommunications N/K Tenant Pays TrashCable TvElectricityGas/Propane Terms CashConventional Unit Number For Unit1 3720 Unit Number For Unit2 3722 Unit Number For Unit3 Studio Unit1 Deposit 1400 Unit1 Occupied Tenant Unit1 Projected Rent 1675 Unit1 Rent Actual 1600 Unit2 Deposit 0 Unit2 Occupied Vacant Unit2 Projected Rent 2100 Unit2 Rent Actual 0 Unit3 Deposit 0 Unit3 Occupied Vacant Unit3 Projected Rent 1000 Unit3 Rent Actual 0 Vacation Rental By Owner No Water Meter On Property Water District Helix Water District Zoning C 37

    Listing provided courtesy of Rehmann Realty Group. Listing information © 2018 San Diego MLS, Inc.
    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 San Diego MLS. 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 © 2018 San Diego MLS, Inc.
     
    Keller Williams - Triolo Realty Group
    12780 High Bluff Drive, Suite 130
    San Diego CA, 92130