3145 3147 Ronald Court Spring Valley, CA ^$ 799,900

3145 3147 Ronald Court

^$ 799,900

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Recently Listed

3145 3147 Ronald Court

Spring Valley, CA, 91977

^$ 799,900

Bedrooms2 Baths1.0 Sq 2,184

Monthly Estimate*

^$ 5,588

Listed by Heritage Re David Waitley Co B

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Multi-Family Home for sale in Spring Valley, CA

for $799,900 with 2 bedrooms and 1 full bath. This 2,184 square foot home was built in 1959 on a lot size of 0.2334.

Wonderful Spring Valley Triplex with potential Assumable Loan at a very low interest rate! DO NOT DISTURB TENANTS AND DO NOT DRIVE ON TO THE PROPERTY. Current Cap Rate is over 6% and projected Cap Rates support a value well over $1M. Great investment property with existing cash flow in place. Three updated units with new flooring and updates throughout, including AC. Comprised of three 2b/1b units with spacious shared driveway & two assigned parking spaces per unit. Multi-family property with residential income or live in one unit and rent the other two. Lamar Park is adjacent to this property just located steps from your front doors! Next door to 9 acres of open green space, playgrounds, picnic tables, and a perfect place to play and relax. Quick access to the 94 freeway.

Multi-Family Active

Price

^$ 799,900

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.2334

Year Built

1959

Town/City

Spring Valley

County/Region

San Diego

MLS | Web ID

PTP2402370

Days on Market

Features

General

Heating Central

Cooling CentralAir

Zoning R3

HOA 0.0

Garage Spaces 0.0

Pool Features None

Year Built 1959

Gross Income 66200.0

Community Features Biking DogPark Hiking Park StreetLights Suburban Sidewalks

County San Diego

Net Operating Income 64000.0

Operating Expense 18000.0

Insurance Expense 0.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Contingency 1031 exchange and finding replacement property

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions 94 to Bancroft to Lamar to Ronald Ct

City Spring Valley

Entry Location 1

View Y/N N

Senior Community Y/N N

Open Parking Spaces 6.0

Total Units 3

MLS Area 91977 - Spring Valley

Lot Size Square Feet 10165.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Number of Units Leased 2

Street Name Ronald

Listing Terms Cash Conventional Item1031Exchange FHA

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 0.0

Home Warranty Y/N N

Fuel Expense 0.0

Trash Expense 0.0

Water Sewer Expense 0.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Virtual Tour https://www.propertypanorama.com/instaview/crmls/PTP2402370

Days on Market 1

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 83108

Total Actual Rent 5087.55

Taxes 0.0

Cap Rate 8.0

Exterior

Parking Features Gravel OnSite SharedDriveway Uncovered

Lot Features Item01UnitAcre

Total Parking 6.0

Lot Size Area 10165.0

Number of Buildings 1

Spa N

Building Area Total 2184.0

Lot Size Acres 0.2334

Lot Size Units SquareFeet

Lot Size Source Other

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

Irrigation Water Rights Y/N N

Interior

Total Stories 1

Common Walls Item1CommonWall NoOneAbove NoOneBelow

Basement (Y/N) N

Air Conditioning Y/N Y

Heating Y/N Y

Fireplace Y/N N

Street Suffix Court

Laundry Features CommonArea

Entry Level 1

Electric On Property Y/N N

Total Baths 0

Internal Only

Street Number 1 3145

* Excluded Features

List By

Heritage Re David Waitley Co B

Broker

(619) 602-9750

Phone

Affordability Calculator

$5,588

Per Month

Monthly Principal & Interest: $5,588
Monthly Property Taxes: --
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% 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 ^$2,398,980

Percent of Sale Price 200%

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
4/26/2024	$799,000		Listed Price

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3145 3147 Ronald Court, Spring Valley, CA, 91977 is a Multi-Family Home for sale at $799,900 with 2,184 sqft and a lot size of 0.2334. 3145 3147 Ronald Court has 2 bedrooms, 1.0 baths, and was built in 1959. 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 7.49% 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 5/8/2024. 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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3145 3147 Ronald Court

Multi-Family Home for sale in Spring Valley, CA

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