8650 Lamar Street

    Spring Valley, CA 91977
    • $765,000
    • STATUS: Active
    • ON SITE: 77 days
    • ID#: 190031272
    UPDATED: 62 min ago
    $765,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    County:

    School Ratings & Info

    Description

    DEVELOPER/CONTRACTOR/INVESTOR OPPORTUNITY FOR 11-UNIT APARTMENT BUILDING. Value is in the land! This is a unique property ready for contractor/investor to develop. Owner has design & drawings started for apartments. See Document section. Potential units would include (10) 3BD/2BA & (1) 4BD/2.5BA. Approved Site Plan! Much of grading & drainage work has been completed under previous permit. May be able to build more units due to new housing laws. Currently, 3BD/1.5BA (assessor record shows 2bd/2ba) house sits on property and is currently rented for over $2000/month. Earn income on existing house while preparing for project.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-24T17:32:31.773. 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 Fred Sed Realty - Keller Williams. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/95636776

    8650 Lamar Street Spring Valley, CA 91977

    • Price: $765,000
    • Status: Active
    • Updated: 62 min ago
    • ID#: 190031272
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    County:
    San Diego
    Property Description
    DEVELOPER/CONTRACTOR/INVESTOR OPPORTUNITY FOR 11-UNIT APARTMENT BUILDING. Value is in the land! This is a unique property ready for contractor/investor to develop. Owner has design & drawings started for apartments. See Document section. Potential units would include (10) 3BD/2BA & (1) 4BD/2.5BA. Approved Site Plan! Much of grading & drainage work has been completed under previous permit. May be able to build more units due to new housing laws. Currently, 3BD/1.5BA (assessor record shows 2bd/2ba) house sits on property and is currently rented for over $2000/month. Earn income on existing house while preparing for project.
    Property Features

    Country Us Gross Scheduled Income 24000.00 Operating Expense 10974.00 Property Sub Type Commercial/Residential

    Listing provided courtesy of Amy Worley of Bluesage Properties, Inc and Clint Worley Worley of Bluesage Properties, Inc


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-24T17:32:31.773. 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 Fred Sed Realty - Keller Williams. Licensed in the State of California, USA.
     
    Fred Sed Realty - Keller Williams
    4010 Barranca Pkwy Suite 100
    Irvine CA, 92604