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8911 Troy Street

Spring Valley, CA 91977
  • $1,500,000
  • STATUS: Active
  • ON SITE: 144 Days
  • ID#: PTP2400394
UPDATED: 117 min ago
$1,500,000
  • 0
    BEDS
  • 0.48
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing Agent(s): Max Delbecq of Top Gun CRE (619-550-4515) and Kenneth Herskind of Top Gun CRE(619-550-4515)


Description

Renovated, 2-unit multifamily duplex with (5) rear storage sheds on 21K SF of commercially-zoned land. Commercial/mixed-use zoning (C-36), may allow for 16-20 unit and/or ADU development potential, possibly more with County-approved affordable density bonuses. Seller spared no expense in renovating these units - all new electrical, plumbing, and exterior/interior renovations. Assessor has deemed unit condition to be "equivalent of new". Turn-key condition for immediate cash flow during entitlements. (1) 2bed/1bath front house with private front yard + rear (1) 1bed/1bath. Plenty of room to add on and expand units and to redevelop. At least 35 parking spaces in current configuration, which may allow for additional income during entitlements. 5 rear storage sheds for additional income. Estimated $7K/month in gross achievable income in current configuration. High-traffic, family-friendly Spring Valley location near amenities, parks, schools, restaurants/retail, freeways, and public transit.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-12T18:33:24.263. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Stefanie Angel Team | Keller Williams Victor Valley. Licensed in the State of California, USA.
www.thestefanieangelteam.com/homes/146785221
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8911 Troy Street Spring Valley, CA 91977

  • Price: $1,500,000
  • Status: Active
  • On Site: 144 Days
  • Updated: 117 min ago
  • ID#: PTP2400394
0
Beds
0
Baths
0
½ Baths
0.48
Acres
Neighborhood:
91977 - Spring Valley
County:
San Diego
Area:
91977 - Spring Valley
Property Description
Renovated, 2-unit multifamily duplex with (5) rear storage sheds on 21K SF of commercially-zoned land. Commercial/mixed-use zoning (C-36), may allow for 16-20 unit and/or ADU development potential, possibly more with County-approved affordable density bonuses. Seller spared no expense in renovating these units - all new electrical, plumbing, and exterior/interior renovations. Assessor has deemed unit condition to be "equivalent of new". Turn-key condition for immediate cash flow during entitlements. (1) 2bed/1bath front house with private front yard + rear (1) 1bed/1bath. Plenty of room to add on and expand units and to redevelop. At least 35 parking spaces in current configuration, which may allow for additional income during entitlements. 5 rear storage sheds for additional income. Estimated $7K/month in gross achievable income in current configuration. High-traffic, family-friendly Spring Valley location near amenities, parks, schools, restaurants/retail, freeways, and public transit.
Exterior Features

Horse Amenities Riding Trail Lot Features Back YardFront YardLawnLandscapedLevelNear Public TransitPavedStreet LevelValue In LandYard Parking Total 0 View Neighborhood View YN Yes

Property Features

Association Fee 0 Association YN No Community Features BikingCurbsFoothillsHikingHorse TrailsParkStreet LightsSuburbanSidewalksValley Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional1031 ExchangeFannie MaePrivate Financing AvailableTrust DeedVA Loan New Construction YN Yes Senior Community YN No Special Listing Conditions Standard Utilities Overhead Utilities Zoning C-36 Zoning Description https://scoutred.com/zoning/251



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-12T18:33:24.263. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Stefanie Angel Team | Keller Williams Victor Valley. Licensed in the State of California, USA.
 
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The Stefanie Angel Team | Keller Williams Victor Valley
18333 Bear Valley Rd.
Hesperia CA, 92345
Listing Agent(s): Max Delbecq of Top Gun CRE (619-550-4515) and Kenneth Herskind of Top Gun CRE(619-550-4515)