8911 Troy Street Spring Valley, CA ^$ 1,500,000

8911 Troy Street

^$ 1,500,000

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New Construction

8911 Troy Street

Spring Valley, CA, 91977

^$ 1,500,000

Bedrooms3 Baths2.0 Sq 2,642

Monthly Estimate*

^$ 9,969

Listed by Top Gun CRE

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Multi-Family Home for sale in Spring Valley, CA

for $1,500,000 with 3 bedrooms and 2 full baths. This 2,642 square foot home was built in 2010 on a lot size of 0.4809.

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.

Multi-Family Active

Price

^$ 1,500,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Duplex

Lot Size

0.4809

Year Built

2010

Town/City

Spring Valley

County/Region

San Diego

MLS | Web ID

PTP2400395

Days on Market

141

Features

General

Sewer PublicSewer

Utilities OverheadUtilities

Appliances Dryer Washer

Zoning C-36 https://scoutred.co

HOA 0.0

Garage Spaces 5.0

Pool Features None

Year Built 2010

Property SubType Duplex

Gross Income 76824.0

Community Features Biking Curbs Hiking HorseTrails Rural StreetLights Suburban Sidewalks Park

County San Diego

Net Operating Income 50143.0

Operating Expense 26681.0

Insurance Expense 1717.0

New Construction Y

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions Google Maps

City Spring Valley

Entry Location Front Gate

View Y/N N

Senior Community Y/N N

NumberOfUnitsTotal 2

MLS Area 91977 - Spring Valley

Lot Size Units SquareFeet

Lot Size Square Feet 20948.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Troy

Listing Terms Cash CashtoNewLoan Conventional Item1031Exchange FHA FannieMae PrivateFinancingAvailable TrustDeed VALoan

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Trash Expense 1800.0

Water Sewer Expense 547.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Virtual Tour https://vimeo.com/903899952 https://www.topguncre.com/properties-2/8911-troy-st

Days on Market 110

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 5032900800

Property Sub Type Additional Duplex

Taxes 18133.0

Cap Rate 3.24

Exterior

Lot Features BackYard FrontYard Lawn Landscaped Level NearPark NearPublicTransit Paved StreetLevel ValueInLand Yard

Total Parking 5.0

Lot Size Area 20948.0

Number of Buildings 3

Spa N

Building Area Total 2642.0

Lot Size Acres 0.4809

Lot Size Source PublicRecords

Number of Separate Water Meters 1

Number of Separate Gas Meters 2

Number of Separate Electric Meters 2

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Horse Amenities RidingTrail

Irrigation Water Rights Y/N N

Interior

Total Stories 1

Common Walls NoCommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Street

Laundry Features WasherHookup ElectricDryerHookup Inside LaundryRoom

Entry Level 1

Electric On Property Y/N N

Total Baths 0

Internal Only

Street Number 1 8911

* Excluded Features

List By

Top Gun Cre

Broker

(858) 333-7701

Phone

Affordability Calculator

$9,969

Per Month

Monthly Principal & Interest: $9,969
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Spring Valley, CA

Average List Price ^$2,578,980

Percent of Sale Price 72%

About Spring Valley, CA

705 Population

22% Since 2002

^$62,332 Median Income

55.27 Median Age

16% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/9/2024	$1,500,000	-3.23%	Price Down
1/20/2024	$1,550,000		Listed Price

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8911 Troy Street, Spring Valley, CA, 91977 is a Multi-Family Home for sale at $1,500,000 with 2,642 sqft and a lot size of 0.4809. 8911 Troy Street has 3 bedrooms, 2.0 baths, and was built in 2010. The property's zip code is 91977 which is in Spring Valley, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/8/2024. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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8911 Troy Street

Multi-Family Home for sale in Spring Valley, CA

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