$1,370,000
$1,400,000
2.1%For more information regarding the value of a property, please contact us for a free consultation.
9045 Lamar Street Spring Valley, CA 91977
Key Details
Sold Price $1,370,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 200016734
Sold Date 06/03/20
HOA Y/N No
Property Sub-Type Mixed Use
Property Description
Lamar St consists of 6 Houses on two conjoining parcels in Spring Valley, CA. A value add opportunity that has huge rental upside. Rental increases were recently given to the tenants and are effective 5/1 and 6/1. Two of the tenants are section 8 tenants. Property is a Mid 5 Cap on current income, and 7.5% pro forma. A superior recession resistant cash flow opportunity that will keep your equity working for you. Cooling: Central Forced Air Elec
Location
State CA
County San Diego
Area 91977 - Spring Valley
Interior
Heating Heat Pump
Fireplace No
Others
Tax ID 5041131100
Financing Cash
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Bought with OUT OF AREA • OUT OF AREA