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$1,900,000
Est. payment /mo
8,890 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID PTP2507077
HOA Y/N No
Year Built 1986
Lot Size 8,890 Sqft
Property Description
Prime investment opportunity in the heart of Spring Valley! 1015–1017 Grand Ave features 5 apartments on the second floor (Units 1, 2, 3, F & G), plus multiple income-producing spaces on the first floor including a restaurant (Unit A/B), a vacant commercial unit (Unit C), a laundry facility (Unit D), and 4 garages. This diverse mix offers strong current income with additional upside potential. The restaurant provides steady rental income, the laundry generates sales (or can be leased to a tenant), and the vacant commercial unit and garages present value-add opportunities for increased revenue. Recent improvements include a new roof over Units 1, 2, and 3 (Dec. 2024) and a new fence in the back parking lot. With a solid rental history, multiple income streams, and a desirable location near shopping, schools, and freeway access, this property is ideal for investors seeking stable cash flow and long-term growth.
Location
State CA
County San Diego
Area 91977 - Spring Valley
Zoning COMMERCIAL
Interior
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 4.0
Garage Description 4.0
Fence New Condition
Pool None
Community Features Street Lights, Sidewalks
View Y/N No
Total Parking Spaces 18
Private Pool No
Building
Lot Description Near Public Transit
Story 2
Sewer Public Sewer
New Construction No
Others
Senior Community No
Tax ID 5793651900
Energy Description 171.0
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard
Virtual Tour https://www.propertypanorama.com/instaview/crmls/PTP2403110
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Listed by Bertha Llamas Coldwell Banker West homesbybertha@gmail.com
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