Fantastic investment opportunity in Spring Valley! This updated fourplex has all units rented. Each unit has its own water meter! Bonus: The seller has plans approved with the city for two 1,200 sq ft ADUs. This presents a unique opportunity to increase both rental income and overall property value significantly. With the addition of these ADUs, you can expect to generate an estimated $8,600 in additional monthly revenue. Potential total monthly revenue of $18,900. This property not only promises immediate returns but also the potential for future growth, making it an exceptional choice for savvy investors looking to capitalize on the thriving rental market in Spring Valley.
The income description goes here to explain
List Price | $1,645,000 |
Property Type | Fourplex (4-units) |
Usable Sqft | Unknown |
Number of Stories | 2 stories |
Parking Spots | 0 spots |
Year Built | 1972 |
Last Sold | Unknown |
Sold Price | Unknown |
HOA Fees: | $0 |
Association Name: | Unknown |
Association Amenities: | Unknown |
APN # | 5012492000 |
MLS # | 240027236SD |
Property ID | 320055294 |
Lot Sqft | 9,026 |
Zoning | Unknown |
Total Units | 4 |
Days on Market | 1 |
Original List Price | $1,645,000 |
Date Updated | November 20, 2024 |
Date Created | November 20, 2024 |
Unit # | Beds | Baths | Current Rent | Proforma Rent |
Unit #1 | $5,600 | $0 |
Net Income (Yr) | $ 107,816 |
Cap Rate | 7% |
Katsiaryna Stsefaniak an agent of . Lic #01983334
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2708 Wilshire Blvd #197
Santa Monica, CA 90403
California ## 01956587
Florida #CQ1065233
Robert Crawford
REAL ESTATE AGENT