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934 936 Leland

Spring Valley, CA 91977
  • $1,275,000
  • STATUS: Active
  • ON SITE: 26 Days
  • ID#: NDP2204229
UPDATED: 68 min ago
$1,275,000
  • 0
    BEDS
  • 0.25
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
2009
County:

School Ratings & Info

Listing Agent(s): Rahul Deshmukh of Ingenuity Realty (619-818-1318)


Description

2 LARGE DETACHED HOMES ON 1 LOT! INVESTMENT OPPORTUNITY AWAITS! Each house has separate water and gas/electric meter. Front house (934 Leland) is 5 bedroom and 2 bathroom . Back house is newer (936 Leland) 2009 with 6 bedroom, 1 office/study and 3 bathrooms. Well Maintained homes. Perfect for the savvy investor. Extra large driveways and no maintenance front, center and back patios. Ample parking for the complex with a shared laundry room. Easy to manage & centrally located in the county. Both homes leased to single tenant for $7250 per month with Tenant paying all utilities. Current Lease ends 10/31/22 and Tenant would like to stay/extend lease.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-28T17:30:36.86. 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 The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
www.northsdrealty.com/homes/128254921
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934 936 Leland Spring Valley, CA 91977

  • Price: $1,275,000
  • Status: Active
  • On Site: 26 Days
  • Updated: 68 min ago
  • ID#: NDP2204229
0
Beds
0
Baths
0
½ Baths
0.25
Acres
2009
Built
Neighborhood:
91977 - Spring Valley
County:
San Diego
Area:
91977 - Spring Valley
Property Description
2 LARGE DETACHED HOMES ON 1 LOT! INVESTMENT OPPORTUNITY AWAITS! Each house has separate water and gas/electric meter. Front house (934 Leland) is 5 bedroom and 2 bathroom . Back house is newer (936 Leland) 2009 with 6 bedroom, 1 office/study and 3 bathrooms. Well Maintained homes. Perfect for the savvy investor. Extra large driveways and no maintenance front, center and back patios. Ample parking for the complex with a shared laundry room. Easy to manage & centrally located in the county. Both homes leased to single tenant for $7250 per month with Tenant paying all utilities. Current Lease ends 10/31/22 and Tenant would like to stay/extend lease.
Exterior Features

Lot Features Back YardFront YardLevelPaved Number Of Separate Electric Meters 2 Parking Features ConcreteDrivewayOversized Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No Spa YN No View None View YN Yes

Interior Features

Accessibility Features Grab BarsNo StairsParking Appliances DishwasherDisposalGas RangeGas Water HeaterMicrowaveRefrigeratorWater Heater Common Walls No Common Walls Cooling YN No Fireplace YN No Heating Natural Gas Heating YN Yes

Property Features

Association Fee 0 Association YN No Cap Rate 5.7 Community Features Urban Garage YN No Gross Income 87000 Gross Scheduled Income 87000 Insurance Expense 3000 Land Lease YN No Laundry Features Laundry RoomOutside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional Net Operating Income 73000 New Taxes Expense 10000 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 2 Operating Expense 14000 Other Expense 1000 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Trash Expense 0 Water Source Public Zoning R2



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-28T17:30:36.86. 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 The Houston Team | Compass CA DRE#01991628. Licensed in the State of California, USA.
 
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The Houston Team | Compass CA DRE#01991628
2100 Costa Del Mar
Carlsbad CA, 92009
Listing Agent(s): Rahul Deshmukh of Ingenuity Realty (619-818-1318)