9045 Lamar Street

    Spring Valley, CA 91977
    • $1,400,000
    • STATUS: Active
    • ON SITE: 47 days
    • ID#: 200016734
    UPDATED: 61 min ago
    $1,400,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    County:

    School Ratings & Info

    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

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-27T23:25:56.04. 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 deemed reliable but is not guaranteed accurate by the MLS or Better Living SoCal. Licensed in the State of California, USA.

    www.betterlivingsocalhomes.com/homes/104960710

    9045 Lamar Street Spring Valley, CA 91977

    • Price: $1,400,000
    • Status: Active
    • Updated: 61 min ago
    • ID#: 200016734
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    County:
    San Diego
    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
    Interior Features

    Heating Heat Pump Heating YN Yes

    Property Features

    Cap Rate 5.20 Country Us Gross Scheduled Income 109584.00 Operating Expense 32122.00 Property Sub Type Commercial/Residential Total Monthly Rent 9132

    Listing provided courtesy of Jason Lee of South Coast Commercial, Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-05-27T23:25:56.04. 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 deemed reliable but is not guaranteed accurate by the MLS or Better Living SoCal. Licensed in the State of California, USA.

     
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