8911 TROY,  SPRING VALLEY, CA 91977

Lot Number , 0.48 Acres,

$1,500,000


Renovated, 2-unit multifamily duplex with (5) rear storage sheds on 21K SF of commercially-zoned land. Commercial/mixed-use zoning (C-36), may allow for 16-20 unit and/or ADU development potential, possibly more with County-approved affordable density bonuses. Seller spared no expense in renovating these units - all new electrical, plumbing, and exterior/interior renovations. Assessor has deemed unit condition to be "equivalent of new". Turn-key condition for immediate cash flow during entitlements. (1) 2bed/1bath front house with private front yard + rear (1) 1bed/1bath. Plenty of room to add on and expand units and to redevelop. At least 35 parking spaces in current configuration, which may allow for additional income during entitlements. 5 rear storage sheds for additional income. Estimated $7K/month in gross achievable income in current configuration. High-traffic, family-friendly Spring Valley location near amenities, parks, schools, restaurants/retail, freeways, and public transit.

Renovated, 2-unit multifamily duplex with (5) rear storage sheds on 21K SF of commercially-zoned land. Commercial/mixed-use zoning (C-36), may allow for 16-20 unit and/or ADU development potential, possibly more with County-approved affordable density bonuses. Seller spared no expense in renovating these units - all new electrical, plumbing, and exterior/interior renovations. Assessor has deemed unit condition to be "equivalent of new". Turn-key condition for immediate cash flow during entitlements. (1) 2bed/1bath front house with private front yard + rear (1) 1bed/1bath. Plenty of room to add on and expand units and to redevelop. At least 35 parking spaces in current configuration, which may allow for additional income during entitlements. 5 rear storage sheds for additional income. Estimated $7K/month in gross achievable income in current configuration. High-traffic, family-friendly Spring Valley location near amenities, parks, schools, restaurants/retail, freeways, and public transit.



DETAILED INFORMATION
MLS#:PTP2400394Price:$1,500,000
Listing Date:01-19-2024Original Price:$1,550,000
List Status:ActiveProperty Type:Lots/land
Days on Market:121Acres:0.48
Parcel Number:5032900800Sign on Property:
Parcel Map Number:Thomas Brothers Map:
Tentative Map Number:Directions:Google Maps
Lot Number:Frontage Dim:
Grid:Lot Dim:
Subdivision:Lot Sqft:20948
Community:Price Per Sqft:N/A
Current Use:Lot Size:
Best Use:Lot Description:Curbs,sidewalks
Development:Structures:
Zoning:View
Sewer:Utilities:
Fence:Utilities Location:
Topography:LevelFrontage:
Water:Water District:
Association Fee:$0Assoc Includes:
Assoc Fee Paid:Other Fees:$0
Other Fee Paid:Other Fee Type:
Mello Roos:$0Mello Roose Paid:
Age Restrictions:Miscellaneous:Value In Land
Additional Land Use:Amenities:Horse Trails
Boat Facilities:Irrigation:
Approved Plans:Loan Terms:
School District:Sale Terms:Cash,Conventional,Exchange,VA


HOW THIS LAND COMPARES TO NEARBY CURRENTLY FOR SALE
  ADDRESSSUBDIVISIONMARKET DAYSSQFTLIST PRICELIST PSQFT

  000 IVY LAN, SPRING VALLEY, CA 91977SPRING VALLEY2070 $199,000$0
  1958 HELIX, SPRING VALLEY, CA 919779013939 $234,000$17
   LA PRESA, SPRING VALLEY, CA 91977EAST SAN DIEGO VILLA HEIGHTS4612474 $220,000$18
  0 CAPISTRANO, SPRING VALLEY, CA 919776112399 $150,000$12

   TROY, SPRING VALLEY, 91977121 $1,500,000$
FOR SALE AVERAGES:101 12,937 $200,750$16


NEARBY SOLD LAND PREVIOUS 12 MONTHS
  ADDRESSSUBDIVISIONMARKET DAYSSQFTSOLD PRICESOLD PSQFT

  2442 CENTRAL AVE, SPRING VALLEY, CA 91977SPRING VALLEY310$240,000$0
  3055 BANCROFT, SPRING VALLEY, CA 91977SPRING VALLEY3410$942,000$0
   HELIX ST, SPRING VALLEY, CA 91977NORTH DICTIONARY HILL79104544$95,000$0.9087
  9371-9379 VISTA DRIVE, SPRING VALLEY, CA 91977SPRING VALLEY7030492$167,000$5.4768
  0000 ROCA VERDE LANE, SPRING VALLEY, CA 0SPRING VALLEY2730$125,000$0
  0000 ROCKBROOK ST, SPRING VALLEY, CA 91977SPRING VALLEY97218235$123,000$0.5636
  8657 GOLF DR, SPRING VALLEY, CA 91977LA MESA COUNTRY CLUB9918000$161,000$8.9444
  8657 GOLF, SPRING VALLEY, CA 919775017134$190,000$11.0891
  1960 HELIX, SPRING VALLEY, CA 9197762716117$227,500$14.1155
  9423 VISTA DRIVE, SPRING VALLEY, CA 91977SPRING VALLEY9734848$139,000$3.9888
  3737 BANCROFT DRIVE, SPRING VALLEY, CA 91977SPRING VALLEY5918401$816,000$44.3454
  1916 KNOBHILL, SPRING VALLEY, CA 91977SPRING VALLEY360$275,000$0
  2027 PARAISO AVE, SPRING VALLEY, CA 91977DICTIONARY HILL536235$78,000$12.5100
  3609 HELIX, SPRING VALLEY, CA 0CASA DE ORO2280$299,000$0
  3899 1/2 KENWOOD DR, SPRING VALLEY, CA 91977LA MESA COUNTRY CLUB16131798$80,000$2.5159
   PARAISO AVE., SPRING VALLEY, CA 91977CASA DE ORO386326$67,500$10.6702
  0 SWEETWATER, SPRING VALLEY, CA 9197723250094$530,000$10.5801
   PARAISO AVE., SPRING VALLEY, CA 91977CASA DE ORO3810065$77,500$7.7000
  0 MONTEMAR DR, SPRING VALLEY, CA 91977DICTIONARY HILL14060548$205,000$3.3857
  0 CAPISTRANO, SPRING VALLEY, CA 9197720819166$90,000$4.6958
  0 SANGAMON AVE, SPRING VALLEY, CA 91977EAST SAN DIEGO VILLA HEIGHTS2496000$43,000$7.1667
  0000 BUENA VISTA AVE, SPRING VALLEY, CA 91977SPRING VALLEY526189$70,000$11.3104
   MINER COURT, SPRING VALLEY, CA 91977SPRING VALLEY5952707$170,000$3.2254
  0 HIGHVIEW, SPRING VALLEY, CA 919772624829$64,000$2.5776
  0 BUENA VISTA, SPRING VALLEY, CA 919771416875$75,000$10.9091
   BARCELONA, LA MESA, CA 91977276388$162,000$25.3601
  0 HELIX, SPRING VALLEY, CA 91977SPRING VALLEY1030$255,000$0
   JAMACHA RD, LA MESA, CA 91977LA MESA990$110,000$0
   BANCROFT DRIVE, SPRING VALLEY, CA 91977457081$220,000$31.0691
  0 HELIX, SPRING VALLEY, CA 91977SPRING VALLEY14724088$275,000$11.4165
  0 HELIX, SPRING VALLEY, CA 9197712111616$157,000$13.5158
  8465 BROADWAY, LEMON GROVE, CA 91945BROOKSIDE20022216$325,000$14.6291
  0000. HILLSIDE DR., SPRING VALLEY, CA 0CASA DE ORO58846563$205,000$4.4026
  0 SANGAMON, SPRING VALLEY, CA 919778512632$25,000$1.9791
  0 RAMONA, SPRING VALLEY, CA 919771198712$50,000$5.7392
  0 HIGHVIEW, SPRING VALLEY, CA 9197718921780$50,000$2.2957
  0 SANGAMON, SPRING VALLEY, CA 919778512632$25,000$1.9791
  0 RAMONA, SPRING VALLEY, CA 919771198712$50,000$5.7392
  867 LA MESA, SPRING VALLEY, CA 91977LA MESA31921643$520,000$24.0262
  0 RAMONA AVE, SPRING VALLEY, CA 91977EAST SAN DIEGO VILLAGE HEIGHTS950$60,000$0
   GRAND AVE, SPRING VALLEY, CA 91977SPRING VALLEY635575$45,000$8.0717
   LA MESA AVE, SPRING VALLEY, CA 91977SPRING VALLEY895855$49,999$8.5395
  867 LA MESA, SPRING VALLEY, CA 91977SPRING VALLEY31921643$520,000$24.0262
  0 HILLSIDE DR., SPRING VALLEY, CA 91977SPRING VALLEY58846563$205,000$4.4026
  0 ROCA VERDE LANE, SPRING VALLEY, CA 91977SPRING VALLEY2730$125,000$0
   LAND/LOT - APN # 581-510-19-00, SPRING VALLEY, CA 91977SPRING VALLEY17914037$50,000$3.5620
   LAND/LOT - APN # 581-510-20-00, SPRING VALLEY, CA 91977SPRING VALLEY18413454$80,000$5.9462
  0 RAMONA AVE, SPRING VALLEY, CA 91977SPRING VALLEY950$60,000$0
   BUENA VISTA AVE, SPRING VALLEY, CA 91977SPRING VALLEY436317$46,000$7.2819
  579 BUENA VISTA AVE, SPRING VALLEY, CA 91977VILLA HIGHTS1806263$47,000$7.5044
  0 BONITA STREET, LA MESA, CA 91977SPRING VALLEY2291476$130,000$1.4211
  0 RAMONA AVENUE, LA MESA, CA 91977DICTIONARY HILL426534$65,000$9.9480
  0 GRAND AVE, SPRING VALLEY, CA 91977DICTIONARY HILL29620237$85,000$4.2002
  0 ROGERS LANE, SPRING VALLEY, CA 91977CASA DE ORO12417381$145,000$8.3424
  0 SANGAMON AVENUE, LA MESA, CA 91977BUYER TO VERIFY7610019$14,000$1.3973
   GRAND AVE, SPRING VALLEY, CA 91977DICTIONARY HILL635575$45,000$8.0717
  0 UPLAND, SPRING VALLEY, CA 919778821780$160,000$7.3462
  9526 UPLAND ST, SPRING VALLEY, CA 91977SPRING VALLEY10021780$250,000$11.4784
  8215 ALTON DRIVE, LEMON GROVE, CA 0LEMON GROVE4313466$159,000$11.8075
  8215 ALTON DRIVE, LEMON GROVE, CA 91945LEMON GROVE4313466$159,000$11.8075
  0 MONTEMAR DR, SPRING VALLEY, CA 91977DICTIONARY HILL18260548$299,000$4.9382
  0 MONTEMAR 58, SPRING VALLEY, CA 91977SPRING VALLEY3060$180,000$0
  9734 AUSTIN, SPRING VALLEY, CA 91977LA MESA COUNTRY CLUB780$45,000$0
  3788 RIVIERA DRIVE, LA MESA, CA 91941LA MESA1,0960$500,000$0
  3788 RIVIERA DRIVE, LA MESA, CA 91941LA MESA1,0960$500,000$0
   CAMPO ROAD, LA MESA, CA 91941LA MESA850$40,000$0
   CAPISTRANO AVE, SPRING VALLEY, CA 91977KNOB HILL23012399$25,000$2.0163
  0000 EUCALYPTUS ST, SPRING VALLEY, CA 91977DICTIONARY HILL1078215$105,000$12.7815
  1602 GRAND, SPRING VALLEY, CA 91977169107158$210,000$1.9597
  1602 GRAND, SPRING VALLEY, CA 91977169107158$210,000$1.9597
  1602 GRAND, SPRING VALLEY, CA 91977DICTIONARY HILL1160$199,000$0
  9360 HOLLYHOCK RD, SPRING VALLEY, CA 0CASA DE ORO3518146$155,000$8.5418
  00 PORTOLA AVE, SPRING VALLEY, CA 91977DICTIONARY HILL28752272$40,000$0.7652
  49 PAYSON RD 49, LA MESA, CA 91941LA MESA10111347$245,000$21.5916
   PAYSON DRIVE, LA MESA, CA 91941LA MESA10111300$203,000$17.9646
  1805 ENGLEWOOD, LEMON GROVE, CA 91945LEMON GROVE SOUTH9917588$600,000$34.1142
  1519 MARIA AVE, SPRING VALLEY, CA 91977DICTIONARY HILL6613086$463,000$35.3813
  1519 MARIA AVE, SPRING VALLEY, CA 91977SPRING VALLEY6613086$463,000$35.3813
   SAN MIGUEL AVE., SPRING VALLEY, CA 91977LA PRESA1600$100,000$0
  Parcel #2 ECHO DRIVE 46, LA MESA, CA 91941RANCHO MISSION2022215$199,000$8.9579
  3 Legal Lots ECHO DRIVE 45, LA MESA, CA 91941RANCHO MISSION200$550,000$0
  9547 DATE STREET, SPRING VALLEY, CA 91977409301$250,000$26.8788
  Buena Vista AVENUE, SPRING VALLEY, CA 91977SPRING VALLEY39312750$222,500$17.4510
  0 HIBISCUS, LEMON GROVE, CA 91945LEMON GROVE10223958$75,000$3.1305
   MACARTHUR DRIVE, LEMON GROVE, CA 91945LEMON GROVE9124393$145,000$5.9443
   HIBISCUS CT., LEMON GROVE, CA 91945LEMON GROVE3843560$340,000$7.8053
   BUENA VISTA AVE, SPRING VALLEY, CA 0VILLA HEIGHTS436317$46,000$7.2819
  0000 BANCROFT DR, LA MESA, CA 91941LA MESA3729185$240,000$8.2234
  1520 CAPISTRANO AVE, SPRING VALLEY, CA 91977DICTIONARY HILL1406393$60,000$9.3853
  1514 CAPISTRANO AVE, SPRING VALLEY, CA 91977DICTIONARY HILL1406433$40,000$6.2179
   RAMONA AVE, SPRING VALLEY, CA 91977DICTIONARY HILL676706$160,000$23.8592
   LA PRESA AVE, SPRING VALLEY, CA 91977DICTIONARY HILL685346$67,000$12.5327
   LA PRESA AVE, SPRING VALLEY, CA 91977DICTIONARY HILL6211461$142,000$12.3898
   LA PRESA AVE, SPRING VALLEY, CA 91977DICTIONARY HILL686115$75,000$12.2649

SOLD AVERAGES:132 25,402 $185,872$11




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Listing Provided Courtesy of: Max Delbecq, Top Gun CRE.
Data Updated May 19 2024 19:52:12
Listing Last Modified:05-09-2024 01:47:12

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