415 Grand Avenue, Spring Valley, CA 91977
Commercial property
Sold May 2023
Listing Agent: Benn Vogelsang (DRE #01883437) · Listing Office: NorthMarq Multifamily · Contact: 858-675-7865 · Bought with: Benn Vogelsang · NorthMarq Multifamily · MLS #220024565SD · Source: CRMLS
10
Units
5.07%
Cap Rate
$124,120
NOI
14,583 sqft
Lot Size
Commercial property
Type
About this commercial property
ASSUMABLE FINANCING AT 2.84%. 415 Grand Avenue is a 10 unit apartment building located in the community of Spring Valley. The two structures were built in 1978 on a 14,583 square foot lot. The property has strong unit mix of nine 2 Bedroom / 1 Bath units and one 1 Bedroom / 1 Bath unit totaling 7,807 rentable square feet. There are 15+ open parking spaces. These spacious units have upside in rents. The financing can be assumed. $1.3M at 2.84%.
Listing description from the May 2023 sale, as reported to CRMLS.
Sale history
$2,180,000
Sold May 2023 · listed $2,450,000, orig. $2,550,000, on market September 2022 · MLS #220024565SD · Source: CRMLS
Listing Agent: Benn Vogelsang · Listing Office: NorthMarq Multifamily · Contact: 858-675-7865 · Bought with: Benn Vogelsang · NorthMarq Multifamily