9236 Harness St

    Spring Valley, CA 91977
    • $1,595,000
    • STATUS: PENDING
    • ON SITE: 95 days
    • ID#: 180045179
    Pending
    UPDATED: 56 min ago
    $1,595,000
    • 2
      BEDS
    • N/A
      ACRES
    • 1
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    We are pleased to present 8 units in Spring Valley on Harness Ave. The property is comprised of (8) 2bedrooms/1bath units with 16 parking spaces and laundry on site. The property went through major interior and exterior renovations. (4) of the units were completely renovated and gutted with new kitchens, new kitchen cabinets with cortez & granite countertops, new flooring and new bathrooms. The units feature a large open floor plan with A/C in each. (4) of the units will have views of the city. Per the property tax record the property sits on a 40,000+ SF Lot and has potential to be developed on. The property is zoned VR-24 which allows 24 units per acre. This is a prefect opportunity for an investor looking to increase the value by increasing rents and developing more units down the road.

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    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. Licensed in the state of California.
    www.triolorealty.com/homes/86539048

    9236 Harness St Spring Valley, CA 91977

    • Price: $1,595,000
    • Status: PENDING
    • Updated: 56 min ago
    • ID#: 180045179
    2
    Beds
    1
    Baths
    0
    ½ Baths
    N/A
    Acres
    Neighborhood:
    Spring Valley (91977)
    County:
    San Diego
    Area:
    Spring Valley (91977)
    Property Description
    We are pleased to present 8 units in Spring Valley on Harness Ave. The property is comprised of (8) 2bedrooms/1bath units with 16 parking spaces and laundry on site. The property went through major interior and exterior renovations. (4) of the units were completely renovated and gutted with new kitchens, new kitchen cabinets with cortez & granite countertops, new flooring and new bathrooms. The units feature a large open floor plan with A/C in each. (4) of the units will have views of the city. Per the property tax record the property sits on a 40,000+ SF Lot and has potential to be developed on. The property is zoned VR-24 which allows 24 units per acre. This is a prefect opportunity for an investor looking to increase the value by increasing rents and developing more units down the road.
    Exterior Features

    Construction Stucco Exterior None Parking Spaces Roof Other/Remarks

    Interior Features

    Cooling Central Forced Air Elec Floor Coverings Other/Remarks Floors Other/Remarks Heating Other/Remarks Laundry Leased Sq Ft Of Improvement 5638 Stories 2 Story

    Property Features

    Actual Cap Rate 5.2 Actual Gross Scheduled Income 127200 Actual Operating Expense 41376 Assumable Finance 0 Complex Features Other/Remarks Existing Financing Other/Remarks Financial Information Source Other/Remarks Gross Equity 1595000 Gross Multiplier 12.6 Have Apartments Mandatory Remarks None Known Market Area East County Monthly Rent Total 10400 Motive Want Exchange Other Income Amount 200 Other Income Source Laundry Projected Cap Rate 6.1 Projected Gross Multiplier 11.3 Projected Gross Scheduled Inc 141600 Projected Other Income 11800 Short Sale No Special None Sq Ft Source Tax Record Terms CashCash To New LoanExchange DownExchange UpSubmit Unit Number1 8 Unit Rent Total1 10400 Unit Rent1 1300 Unit Type Other/Remarks

    Listing provided courtesy of South Coast Commercial, Inc.. 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. Licensed in the state of California.
     
    Keller Williams - Triolo Realty Group
    12780 High Bluff Drive, Suite 130
    San Diego CA, 92130