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1355 Sweetwater Ln, Spring Valley, CA 91977

Commercial property · 2 recorded sales since 2015

1355 Sweetwater Ln, Spring Valley, CA 91977 Sold December 2019 CRMLS
$1,368,000Sold December 2019

Listing Agent: Jorge Jimenez (DRE #01413353) · Listing Office: SVN / Vanguard · Contact: 619-658-1111 · Bought with: Jorge Jimenez · SVN / Vanguard · MLS #190041958 · Source: CRMLS

6
Units
5.76%
Cap Rate
$83,095
NOI
41,382 sqft
Lot Size
RV-4
Zoning
Commercial property
Type

About this commercial property

MAJOR PRICE REDUCTION!!! BEST DEAL IN SAN DIEGO! 6% CAP YR 1. This offering provides investors with a unique opportunity to acquire six freestanding homes on a single .95 acre lot in Spring Valley, CA (San Diego County). The property consists of a desirable unit mix of five 2 bedroom/1 bath units and one 1 bedroom/1 bath unit. Each unit includes its own private fenced yard and at least a single car garage. Every unit has been extensively remodeled and includes in-unit washer and dryer hookups. Renovations include: Recently replaced hot water heaters, new windows, new interior and exterior doors, and bathroom upgrades (new tubs, toilets, and ceramic tile tub surrounds), a majority of the units have renovated kitchens with new cabinets, counter-tops, flooring and appliances. The large lot and private feel provides this property the ability to generate rents above the Spring Valley average. Address range is 1335-1429 Sweetwater Lane. There's a common driveway for 5 units; unit 1415 has it's own private driveway and garage.

Listing description from the December 2019 sale, as reported to CRMLS.

Sale history

$1,368,000
Sold December 2019 · listed $1,450,000, orig. $1,650,000, on market July 2019 · MLS #190041958 · Source: CRMLS
Listing Agent: Jorge Jimenez · Listing Office: SVN / Vanguard · Contact: 619-658-1111 · Bought with: Jorge Jimenez · SVN / Vanguard
$1,065,000
Sold April 2015 · listed $1,095,000, on market January 2015 · MLS #150004624 · Source: CRMLS
Listing Agent: Joseph Siemienowski · Listing Office: Siemienowski & Associates · Contact: 858-866-0750 · Bought with: Joe Ramos · South Coast Commercial, Inc.
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