$525,000
●
House -
Off Market
8970 Golf Drive
Spring Valley, CA 91977
6 Beds
3 Baths
2,300 Ft²
$880,466
RealtyHop Estimate
67.71%
Since Sep 1, 2017
CA-San Diego
Primary Model
About This Property
2 on 1 What a neat property! Great for Large Family as there's a
detached 2nd Home. The Front home is a 4 Bedroom 2 bath + laundry
room + family room thats been Freshly Painted & has Brand New
Carpet. The 2nd Home is a 1 bedroom + den w/ Laundry rm and private
fenced yard. The Kitchen and Baths are updated in both homes.
The homes are connected by a large shared patio & grill area
that could easily become an outdoor kitchen. Other Bonus
Features are the 1/3 ACRE LOT w room for RV, Boats, or ...
Neighborhoods: La Mesa Country Club Equipment: Dryer,
Shed(s), Washer Other Fees: 0 Sewer: Sewer Connected
Topography: LL Guest House Est. SQFT: 700
Unit Size
2,300 Ft²
Days on Market
42 days
Land Size
0.35 acres
Price per sqft
$228
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1970
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 4 months ago (SDMLS #170037197)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 25, 2017 | Sold | ||
| Sold | |||
| Jul 14, 2017 | Listed by Coldwell Banker Realty | $525,000 | |
| Listed by Coldwell Banker Realty | |||
 | |||
|
Variance Granted for 2-4 unit. What a neat property! The Front home is a 4 Bedroom 2 bath + laundry rm + family room that's been Freshly Painted & has Brand New Carpet. The Back Home is a 1 bedroom + den w/ Laundry room and private fenced yard. The Kitchen and Baths are updated in both homes. The homes are connected by a large shared patio & grill area that could easily become an outdoor kitchen. Other Bonus Features are the 1/3 ACRE LOT with room for RV, Boat and more. The orange tree is full of fruit! Are you Green minded? Seller has added: A water filtration system to the Front Home and it has just been serviced. He also added gutters and rain water catchments in multiple locations. The yard has room for many fruit trees. There are 2 papaya plants and please, + an Orange Tree out front! Neighborhoods: Casa De Oro South Other Fees: 0 Sewer: Sewer Connected Unit # for Unit 1: 8970 - A Unit # for Unit 2: 8970 - B Unit 1 Parking Spaces: 4 Unit 2 Parking Spaces: 4 Unit 3 Parking Spaces: 0 Unit 4 Parking Spaces: 0 Number of Furnished Units: 0 Topography: LL
| |||
| Sep 18, 2013 | Sold | ||
| Sold | |||
| Aug 9, 2013 | Listed by Maxim Properties | $349,900 | |
| Listed by Maxim Properties | |||
| | |||
|
Great investment opportunity! Two completely remodeled houses on one large lot. Freshly painted inside and out with new flooring! The front house has 4 bedrooms and 2 baths. This home offers a family room with a wood burning fireplace. The master offers a private bath and a private entrance to the back patio. The back unit is a 1 bed 1 bath with a bonus room. This detached unit also has a laundry room. **Originally a 2 Bed/1 Bath, now a 4 Bed/2 Bath and a 1 Bed/1 Bath -- Buyer to Verify Permits** Neighborhoods: Spring Valley Equipment: Range/Oven Other Fees: 0 Sewer: Sewer Connected Topography: LL
| |||
Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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HOA + Taxes
About Spring Valley
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Listed by: Melinda Anhalt, Coldwell Banker Res. Brokerage
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 170037197
Last Updated: 4 months ago
Data Source: CRMLS, MLS# 170037197
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