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829 Grand Avenue, Spring Valley, CA 91977

Commercial property

829 Grand Avenue, Spring Valley, CA 91977 Sold January 2025 CRMLS
$1,205,000Sold January 2025

Listing Agent: Benn Vogelsang (DRE #01883437) · Listing Office: NorthMarq Multifamily · Contact: 858-675-7865 · Bought with: Gregory Martin · eXp Realty of California, Inc. · MLS #240017476SD · Source: CRMLS

6
Units
6.45%
Cap Rate
$74,815
NOI
6,750 sqft
Lot Size
Commercial property
Type

About this commercial property

829 Grand Avenue is a 6-unit apartment building located in the La Presa neighborhood of Spring Valley. The 4,416 square foot structure was built in 1977 and is situated on a 6,750 square foot lot. The property has a strong unit mix of 6 two bedroom / one bathroom units. There are 7 parking spaces and 15% upside in the existing rents. DO NOT DISTURB TENANTS OR WALK ON PROPERTY. Spring Valley is a community in the part of East San Diego County that consists of rolling hills and countryside. It is a 20-minute commute (17 miles) from downtown San Diego via Highway 94. The area offers a diverse geography sharing a landscape of choices, from a touch of urban living to snow dusted slopes in the rural back country in a mild climate influenced by ocean currents and abundant sunshine. Spring Valley is San Diego County’s largest unincorporated community, offering a small-town flavor to each of its residents. Lifestyles range from apartments or town home residents to the urban professional, and on to those with larger properties for enjoying horses, livestock and rural community life.

Listing description from the January 2025 sale, as reported to CRMLS.

Sale history

$1,205,000
Sold January 2025 · listed $1,160,000, orig. $1,200,000, on market July 2024 · MLS #240017476SD · Source: CRMLS
Listing Agent: Benn Vogelsang · Listing Office: NorthMarq Multifamily · Contact: 858-675-7865 · Bought with: Gregory Martin · eXp Realty of California, Inc.
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