$2,275,000

4032 N Bonita St. N

Spring Valley CA, 91977

Description

Superior unit mix of one-2 bed/1.5 bath detached house and eight-2 bed/one bath apartments. *There is an additional non-permitted one bed/one bath unit below the house. Built in 1950. Almost all units have been renovated upon turnover. Seller has done about $220k of renovations with a new roof on the detached house and interior upgrades. Laundry room with owned newer Speed Queen Quantum Gold top of the line washer/dryers. Density bonus law of 2018 grants the right of owners of multifamily assets to convert non-permitted residential space to permitted. Local jurisdiction, San Diego County, has 60 days to approve the conversion. That means relatively easy recognition or legalization of a non-permitted unit. Part of a 6 asset portfolio, all of which are available individually.

Details

MLS#210002621
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site26

Features

Units9
Building(s)1
Water FrontNo

Market Activity 91977

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Area Information
StateCA
CountySan Diego
CitySpring Valley
Zip Code91977
Listing VS Median (in 91977)
Price:
$2,275,000
low | high
Med:
$567,000
100% of Average
On Site:
26
low | high
Med:
23.500000
100% of Average
Listing Updated: February 9, 2021 5:49:48 PM PST
Terry Moore LogoMLS Number: 210002621
Listing Provided By:
Terry Moore  of  Apartment Consultants Inc.
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