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3918 N Cordoba Avenue

Spring Valley, CA 91977
  • $899,000
  • STATUS: PENDING
  • ON SITE: 27 Days
  • ID#: 210031019
Pending
$899,000
  • 13
    BEDS
  • 0.33
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

Attention all cash buyers, 1031 exchange investors, and/or business entrepreneurs! This is an exceptional cash flow opportunity. Commercially zoned multi-unit property comprised of 3 buildings with approximately 3,721 square feet of living space, 13 bedrooms, and 4 bathrooms. Located on expansive .33 acre corner lot with large communal courtyard and alley access. Currently used as licensed Adult Residential Facility (ARF) for 22 residents. Consider taking over the business OR converting into multiple residences for rental income. Business in operation since the 70's. Property in need of major TLC. Significant upside potential. Easy access to freeways, shopping, dining, schools, and public transportation.

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This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
www.themarellygroup.com/homes/123191394
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3918 N Cordoba Avenue Spring Valley, CA 91977

  • Price: $899,000
  • Status: PENDING
  • On Site: 27 Days
  • ID#: 210031019
13
Beds
4
Baths
0
½ Baths
0.33
Acres
Neighborhood:
Spring Valley (91977)
County:
San Diego
Area:
Spring Valley (91977)
Property Description
Attention all cash buyers, 1031 exchange investors, and/or business entrepreneurs! This is an exceptional cash flow opportunity. Commercially zoned multi-unit property comprised of 3 buildings with approximately 3,721 square feet of living space, 13 bedrooms, and 4 bathrooms. Located on expansive .33 acre corner lot with large communal courtyard and alley access. Currently used as licensed Adult Residential Facility (ARF) for 22 residents. Consider taking over the business OR converting into multiple residences for rental income. Business in operation since the 70's. Property in need of major TLC. Significant upside potential. Easy access to freeways, shopping, dining, schools, and public transportation.
Exterior Features

Construction Lath/PlasterStucco Exterior None Parking None Roof Composition

Interior Features

Cooling None Floor Coverings None Floors Slab Heating Other/Remarks Laundry Owned Sq Ft Of Improvement 3721 Stories 1 Story

Property Features

Actual Gross Scheduled Income 200000.0 Actual Operating Expense 0 Assumable Finance 0 Buildings 3 Complex Features None Existing Financing Private Financial Information Source Owner Gross Equity 0 Gross Multiplier 0 Have 0 Mandatory Remarks None Known Market Area East County Monthly Rent Total 22000 Motive Want 0 Present Loan 141000 Short Sale No Special Other/Remarks Sq Ft Source Tax Record Terms CashCash To New LoanExchange DownExchange UpOther/Remarks Unit Number1 3 Unit Type DuplexOther/Remarks Zoning Commercial

Listing provided courtesy of Berkshire Hathaway Homeservice. Listing information © 2021 San Diego MLS Inc. Source: SDMLS
This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
 
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Bonsall CA, 92003