$1,500,000
Active
120 Days Online
0 Beds0 Baths2,642 SQFT
Active

8911 Troy Street Spring Valley, CA 91977

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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.

  • Property TypeMulti-Family
  • NeighborhoodN/A
  • CountySan Diego
  • Taxes$0
  • HOA/Condo/Coop Fees$0
  • Days on Site120 Days
  • MLS StatusActive
  • MLS ID NumberPTP2400395
  • Home Size Source N/A
  • Year Built2010
  • Lot Size0.4809 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Parking Spaces 5
  • Sewer Public Sewer
  • Number of Stories 1
  • Acreage 0.4809
  • Property Sub Type Duplex
  • Garage Spaces 5
  • Zoning C-36 https://scoutred.com/zoning/251
  • Listing Conditions Standard

Interior Features

  • Laundry Features Dryer IncludedElectric Dryer HookupIndividual RoomInsideWasher HookupWasher Included
  • Fireplace No

Exterior Features

  • Spa No
  • Pool Features None
  • Lot Back YardFront YardLandscapedLawnLevel with StreetLot 20000-39999 SqftLevelNear Public TransitPark NearbyPavedUtilities - OverheadValue In LandYard

Community Features

  • Association Dues 0
  • Community Features CurbsHorse TrailsRuralSidewalksStreet LightsSuburbanBikingHikingPark
  • Senior Community No
  • MLS Area 91977 - Spring Valley

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Monthly Payment (Est.)

$8,000
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